Brixton Hill
Property Flip
This Victorian-era 2 bedroom, 1 bath flat in Brixton Hill presented an exciting development opportunity in a sought-after area known for its vibrant culture and strong market growth.
Project Details
This project involved strategic renovations to maximise functionality and aesthetic appeal.
Full lease extension costing £65,000.
Significant internal layout changes involving the relocation of the bathroom, changes to the entrance way to maximise entry space and repositioning a bedroom wall to accomodate.
Modernised interiors with high-end finishes.
Optimised space and improved lighting.
Enhanced curb appeal.
Financial Breakdown
Purchase Price: £290,000
Cost of Sale: £8,000
Renovation Costs: £50,000
Miscellaneous Costs: £35,000
(Professional Fees, Stamp Duty & Finance Costs)
Lease Extension: £65,000
Total Investment: £448,000
GDV: £550,000
Profit Realised: £102,000
ROI: 22.7%
Additional Information
The property was sourced through a bespoke London deal sourcer for an investor.
Due to high demand in the area and the quality of the refurbishment, the property was successfully sold to a young professional before officially hitting the market, demonstrating its strong investment potential.
More Details
The investor secured this property with a focus on maximising returns. The renovations included structural modifications, modern finishes, and optimised layouts.
After the high-end refurbishment & staging, the property was in such high demand that it was sold before even hitting the open market.
