London Dev't Project - £140k+ Profit

Sourced is pleased to offer an off-market BMV semi-commercial opportunity in South East London that may be of interest, particularly for investors seeking strong reversionary value and income growth.

19 Portland Road, London, SE25 4UF
Semi-commercial mid-terrace property comprising:
▪ Ground floor retail unit (Use Class E)
▪ 2 residential units (Use Class C3)
▪ Ground floor flat (Flat A)
▪ First floor flat (Flat B)
The property is located on a secondary high street and offers a compelling combination of capital uplift and long-term income potential.

Key Financials
▪ Current Market Value (GDV – 2024): £570,000
▪ Estimated Value Post-Refurbishment: £680,000 – £700,000
▪ Estimated Market Rent (post-works): c. £46,000 per annum

1 bed flats on the same road sold between £243k - £295k (2024)
https://www.zoopla.co.uk/house-prices/london/portland-road-se25/se25-4uf/?new_homes=include&q=se25+4uf&view_type=list
We have taken conservative end value as follows - the shop at £200k, I bed GF flat at £200 and 1st floor 2/3 bed flat at £300k (buyer to do his own DD as well – ours are conservative calculations)

Works & Upside
▪ Total refurbishment budget: c. £67,500 (subject to your DD)
▪ Works already completed: c. £20,000
▪ Scope to complete remaining works and stabilise income for either:
- Refinance
- Sale
- Long-term hold

Purchase Terms
▪ Fast cash sale price: £395,000
▪ Sourcing fee: £7,500 payable upon exchange

Background
▪ The seller got it from the Auction and cannot complete the works. See link below
▪ This property will soon be going to receivers hence early interest required to secure
▪ https://auctionhouselondon.co.uk/lot/19-portland-road-south-norwood-london-se25-4uf-275901

Why This Deal Works
▪ Significant below-market entry point
▪ Strong value uplift post-refurbishment
▪ Mixed-use asset with diversified income
▪ Attractive yield once stabilised
▪ Desirable SE London location with consistent rental demand

If this opportunity is of interest, please let me know and I can share further details, financial breakdowns, and access arrangements, subject to standard confirmations.
Kind regards,
Mush Fazel
Sourced Birmingham

Sourced reference: 528138994845489