Land for Sale in London W11, London

Residential Development Land for Sale in London W11

Guide Price: 1,130,000

Size: current square footage is 800 sqft.

Land Type: Residential Development

Planning Permission: Outline Planning Permission

Land Designation: PlanningUse

Seller Last Active: Within the last 9 months

Summary: Off Market Residential Development and Refurbishment Opportunity London W11 Summary Situated in London W11 the current square footage is 800 sqft. It has planning permission for a sub basement which will add another 800 sqft, and an extension of approx another 200 sqft. Therefore a total of 1,800 sqft. Presently a 2 bed, 2 bath but with the additional space could be a 3/4 bed with 2/3 bathrooms. The cost for the basement and extension is budgeted at 300k and 100k refurbishment of the existing lower ground floor. Properties can go for anything between 1,700 - 2,000 a sqft in this area. We have done our usual due diligence as well as speaking to 4 agents. Taking into account that it is a lower ground floor the range we got was 1,400 sqft - 1,800. We have actually based a 2.43m resale price on achieving 1,350 a sqft, so more than realistic and all this is based on the market as it is post Brexit. If bridging it for 9 months it returns 626k on cash invested, therefore pretty much 100% return on cash. The vendor wants 1.13m to clear off the finance.

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Other sites available from this agent:

Acton, London  • Bedford  • Buckinghamshire  • Canterbury  • Canterbury  • Chelsea  • Chester  • Chingford,   • Covent Garden, London  • Croydon  • Edinburgh  • Essex  • Greenwich, London SE10  • Hampshire  • Harrow   • Harrow  • Highgate, London   • Horsham  • Hounslow  • KENNINGTON, LONDON, SE11  • Kingston Upon Thames  • Kingston, Surrey  • located at the junction of the M57 & M62 motorways   • London  • London  • London  • London  • London  • London  • London  • London  • London  • London  • London  • London  • London  • London  • London  • London Camden Town  • London knightsbridge  • London N1  • London N20  • London SW3  • London W1  • London WC1  • London, Kensington  • Northampton  • Nottingham  • OFF MARKET RICHMOND RESIDENTIAL APARTMENTS FOR SALE  • Peckham, London  • Reading  • Riseley, Berkshire  • Tottenham, London  • Twickenham  • West Yorkshire 

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