Flat Conversion, South London, March 2014

Investment property in South London

The property sourced in Madeira Road, Streatham, South London, had all the core attributes and potential to make it an excellent investment property.  We, required, however, great vision to completely renovate the property and transform it from a three bedroom flat into a luxury, four bedroom apartment.

Purchase price: £275,000
Refurbishment: £25,000

Total investment:  £300,000

Rental potential prior to renovation would have been: £1,800
Following our renovation, £2,200
Gross yield: 8.8%
ROCE: 10.22%

Before Renovation…

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After Renovation…

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