Harewood Road
Opportunity
Harewood Road is situated in a prime location in South West London, Colliers Wood. It’s a London developers dream with young professionals, excellent tube and train links within walking distance and access to outstanding nurseries and schools. This development is highly focused with the end client in sight. Here, we have received full planning permission to convert a semi-detached house into three sizeable flats, a three bedroom ground floor flat with a garden and 2 one bedroom flats on the first and second floor. With this site we have successfully increased the square footage by over 50% and have designed it to a high specification with the local demographic in mind.
Previous Condition
Project Overview
Floorplans
Previous Layout
Floorplan
Proposed Layout
Floorplans
Site Location
First Floor
Proposed Elevation
First Floor
Project Progress
Financial Analysis
Purchase & Development Cost
| Purchase Price | £840,000.00 | |
| Purchase Cost (inc. SDT & Legal) |
£34,360.00 | |
| Finance Cost | £42,500.00 | |
| Total Purchase Cost | £916,860.00 | |
Development Costs
| Professional Fees & Other costs | £21,000.00 | |
| Build Cost | £175,000.00 | |
| Total Development Costs | £196,000.00 | |
Sale and Profit Analysis
| Total GDV or Sale Price (if sold) | £1,300,000.00 | |
| Sale Cost | £28,000.00 | |
| Purchase Cost | £916,860.00 | |
| Development Cost | £196,000.00 | |
| Net Profit | £259,140.00 | |
| Net Profit (%) | 22.71% | |