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Manor Road

The Manor Road development project can be found in leafy South London, specifically the up and coming area of Mitcham. The property offers the opportunity to redevelop the existing building into two flats and a new build three-bedroom townhouse.

While buyers and investors are no doubt familiar with South London and its notoriously high property prices, until recently, Mitcham has not shared the same limelight.

However, buyers who found themselves priced out of Streatham and Tooting have been discovering Mitcham’s affordability, strong transport links and large numbers of good Ofsted schools. As a result prices have been rising fast, marking this redevelopment opportunity in Manor Road an excellent addition to our portfolio. With full planning permission in place our in house construction team have been making great progress and look to complete this project within a 12-month timescale.

Previous Condition

Project Overview


Project Progress

Financial Analysis

Purchase & Development Cost
Purchase Price £680,000.00
Purchase Cost (inc. SDT & Legal)
Finance Cost £49,500.00
Total Purchase Cost £791,100.00
Development Costs
Professional Fees £21,000.00
Build Cost £350,000.00
Total Development Costs £371,000.00
Sale and Profit Analysis
Total GDV or Sale Price (if sold) £1,450,000.00
Sale Cost £29,000.00
Purchase Cost £791,100.00
Development Cost £371,000.00
Net Profit £258,900.00
Net Profit (%) 21.74%