For High Net-worth Investors only
Purchase at Auction
Battersea: 9 Tennyson Street, Battersea, London, SW8 3ST
VACANT - Leasehold Self Contained Ground Floor Flat
- New 125 Year Lease
- Reception Room, Bedroom, Kitchen, Bathroom
- GIA approximately 48 sq m (517 sq ft)
- Virtual tour is below
- Battersea Park Rail and Overground Station is approximately 0.6 miles to the north
- Shops and amenities are located along Lavender Hill to the south west
Acquisition Cost
| Purchase Price | £255,000 |
| Stamp Duty | £12,750 |
| Agent's Fee (1.5%+vat ) | £5,790 |
| Legal & Misc (1% of PP) | £7,650 |
| Total Acquisition Cost | £281,190 |
Cash Investment Required
| 35% Deposit at Purchase | £89,250 |
| Stamp Duty | £12,750 |
| Interest for 12months @ 15% for £136k | £24,863 |
| Agent & Legal | £10,380 |
| Professionals / B.R / Structural / QS / MS, etc. | £1,440 |
| Misc | £3,060 |
| Total | £141,743 |
Profit
| Profit (Estimated) | ||
| GDV (Sale Price) | £480,000 | |
| Interest on Purchase | £24,863 | |
| Sales Agent + Legal (2%) | £10,380 | |
| Acquisition costs | £281,190 | |
| Development Costs | £63,830 | |
| Total Costs: | £345,020 | |
| Profit | £134,980 | |
Return on Investment
| ROI (Estimated) | |
| Cash Invested | £164,765 |
| Profit Earned | £134,980 |
| Total ROI | 82% |
| Profit for JV Partner (50% share) | £67,490 |
| ROI for JV Partner | 41% |
GDV Appraisal
| Units Type (HMO 8 Beds) | Units |
| Ground Floor - 1 Bedroom Flat | 1 |
| Total Units | 1 |
GDV Appraisal continued
| Gross Development Value (Collective) | |||||
| Units | Level | Description | GIA m2 | NIA m2 | Value |
| 1 | Ground | 1 Bedroom, kitchen, Bathroom etc | 48 | 48 | £480,000 |
| Total: | Sale@£10,000/m2 | 48 | 48 | £480,000 | |
| Gross Rental Value (Collective) | ||||
| Units | Level | Description | Sqm | Value (Rent) |
| 1 | Ground | 1 Bedroom, kitchen, Bathroom etc | 48 | £21,000 |
| Total: |
@ 4.4% Yield |
48 | £21,000 | |
DEVELOPMENT Loan & Budget
| Item | Description | Amount £ |
| Legals | £1,920 | |
| Professionals / Architect | 3% of Construction Cost | £1,440 |
| Construction / Refurb | Ground | £48,000 |
| Insurances | For building & Construction | £960 |
| Finance Cost | 15% @ for £165k for 12m | £24,863 |
| Section106 / CIL | Nil | £0 |
| Contingency | 5% of Construction Cost | 3,662 |
| Total | £63,830 |
Disclaimer
Valuations & Appraisals by Sleek are strictly estimates only and you should use them on that basis. The valuation Model analyses prices for equivalent propertie.s sold or sold in the area. These properties may differ in ways that we do not or cannot consider. Valuations are subjective and based on market forces, which may change. Valuations must not be used for property sale, purchase, mortgage or related purposes. You should seek a professional valuation from a qualified surveyor before deciding whether to buy or sell a property. We shall not be liable for any losses you or anyone else suffer due to relying on the valuations. This includes not being liable for any loss of property, loss of bargain, loss of capital through over-payment or under-sale or for any indirect, special or consequential loss