Northfields, London, W13 - Completed
Northfields in West London is based in the very desirable borough of Ealing.
The development site itself is based in a high demand location and very close to amenities and Northfields tube station. For this project, we implemented a Buy to Sell Strategy.
This Northfields half commercial and half residential site was sourced and purchased off-market at a favourable discounted price.
The approved planning consent is to convert this property that was originally set over two floors, to one that includes a room in the basement as well as the loft. The developed property will now consist of three one-bedroom flats and one studio flat (4 flats in total).
With this particular project the team could have easily converted the building into 2 luxury 3 bed apartments but opted for one-bed and studio apartments as our research and advice from our network of local estate agents advised that one-bed apartments are in the highest demand, sell at a premium, and we knew that splitting leases would create value, and improve the financial gains and margins for our investors using this buy to sell strategy.
The Investor Options that were offered for this project were in portions of 10% of the total cost estimated and with the net return to investors is expected to be around 15% over 15 months.