Flat Conversion, South London, March 2014
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
Total investment: £300,000
Rental potential prior to renovation would have been: £1,800
Following our renovation, £2,200
Gross yield: 8.8%