House Conversion into apartments, Norbury, London
This large house was presented to us by a local agent. They were familiar with our capacity to acquire and complete the purchase promptly. The owner required a quick sale, and the property was only suitable for cash buyers. We identified the planning potential of conversion of this house into new self-contained apartments.
Utilising our expertise, we successfully gained planning permission for conversion to three flats on the first application. The scheme was completed without any issues, and all three flats were sold for asking prices or above asking prices.
The highlight of this scheme is the record time in which we delivered the entire project. It took us less than a year to acquire the site, gain full planning permission, deliver the building as per approved planning, and sell the flats.
Also, this project proved to be one the most profitable ones, delivering ROI of above 100%.