Conversion in South West London

The proposed strategy is to convert the existing property into a more valuable use or configuration, subject to planning, building regulations and local authority requirements. The completed units may then be sold or retained for income.
This opportunity is tailored for seasoned developers seeking high-return, high-complexity projects that demand professional contractor oversight and strategic execution.
This property requires renovation to maximise it's returns, therefor being sold as a renovation project.
The agent suggests this deal has great value-uplift potential.

An exciting residential development opportunity in South West London, offering the potential to generate over £150,000 in development profit through the conversion and refurbishment of a substantial ground-floor period property.

This probate property benefits from a share of freehold, a large rear garden and the potential to be reconfigured into two high-quality, self-contained apartments, subject to the necessary consents.

The proposed development involves splitting the existing accommodation, extending into the rear garden and modernising throughout to create two desirable residential units.

📍 Key Highlights:

Large Ground-Floor Period Property
Share of Freehold
Probate Sale
Potential to Convert into Two Apartments
Scope for Rear Extension
Large Private Rear Garden
Off-Street Parking Potential
Full Refurbishment Opportunity

🏗️ Proposed Development:

Flat 1 – Front: 2 Bedrooms, 2 Bathrooms, Front Garden & Off-Street Parking
Flat 2 – Rear: 2 Bedrooms, 2 Bathrooms, Large Rear Garden & Outbuilding
Combined Proposed Floor Area: 1,975 sq ft

Deal Breakdown:

Purchase Price: £750,000
Estimated Refurbishment & Build Costs: £350,000 (including contingency)
Total Project Costs: £1,344,500
Gross Development Value (GDV): £1,500,000
Projected Development Profit: £155,500

📊 Projected Returns (Using Development Finance):

Initial Capital Requirement: £299,000
Projected Profit: £155,500
Return on Capital Employed (ROCE): 52%

With a desirable South West London location, significant redevelopment potential and a projected 52% return on capital employed, this represents an attractive opportunity for experienced developers looking for a value-add residential project.

All figures are projections based on the supplied development appraisal. Planning permission, freeholder consents, development finance and end values are subject to confirmation.

To learn more, request the full development appraisal, floor plans or arrange a viewing, reply to this message or contact us directly.

Financial Information
Current value: £800,000
Purchase price: £750,000
Purchase costs: £99,000
Refurb/works cost: £325,000
Sourcing fee: £15,000
GDV: £1,500,000
Profit once sold: £155,500
ROCE (%): 52%
Investment required: £299,000