For High Net-worth Investors only
Purchase at Auction
151 Westway: Shepherds Bush, London, W12 0SD
VACANT - A three bedroom end of terrace house, on a good sized corner plot with off road parking and a rear garden, in need of modernisation, well located for East Acton Underground Station, with extension / development potential subject to requisite consents
Guide Price* £340,000+
- To be offered on Monday 24 November
- Three bedroom end of terrace house
- Good sized corner plot
- Off road parking
- Rear garden
- Extension / development potential subject to requisite consents
Acquisition Cost
| Purchase Price | £350,000 |
| Stamp Duty | £10,500 |
| Agent's Fee (1.5%+vat ) | £7,500 |
| Legal & Misc (1% of PP) | £10,500 |
| Total Acquisition Cost | £392,500 |
Cash Investment Required
| 35% Deposit at Purchase | £122,500 |
| Stamp Duty | £24,500 |
| Interest for 12months @ 15% | £34,125 |
| Agent & Legal | £13,800 |
| Professionals / B.R / Structural / QS / MS, etc. | £1,845 |
| Misc | £4,200 |
| Total | £200,970 |
Profit
| Profit (Estimated) | ||
| GDV (Sale Price) | £656,000 | |
| Interest on Purchase | £34,125 | |
| Sales Agent + Legal (2%) | £13,800 | |
| Acquisition costs | £392,500 | |
| Development Costs | £81,783 | |
| Total Costs: | £474,283 | |
| Profit | £181,717 | |
Return on Investment
| ROI (Estimated) | |
| Cash Invested | £225,250 |
| Profit Earned | £181,717 |
| Total ROI | 80.7% |
| Profit for JV Partner (50% share) | £90,859 |
| ROI for JV Partner | 40.3% |
GDV Appraisal
| Units Type (HMO 8 Beds) | Units |
| Ground Floor - Entrance Hallway, Open Plan Living / Dining Room, Kitchen. | 0 |
| First Floor - Three Bedrooms, Bathroom/WC. | 3 |
| Total Units | 3 |
GDV Appraisal continued
| Gross Development Value (Collective) | |||||
| Units | Level | Description | GIA m2 | NIA m2 | Value |
| 0 | Ground | Entrance Hallway, Open Plan Living / Dining Room, Kitchen. | 41 | 41 | £328,000 |
| 3 | First | Three Bedrooms, Bathroom/WC. | 41 | 41 | £328,000 |
| Total: | Sale@£8,000/m2 | 82 | 82 | £656,000 | |
| Gross Rental Value (Collective) | ||||
| Units | Level | Description | Sqm | Value (Rent) |
| 0 | Ground | Entrance Hallway, Open Plan Living / Dining Room, Kitchen | 41 | £40,000 |
| 3 | First | Three Bedrooms, Bathroom/WC. | 41 | |
| Total: |
@ 6.1% Yield |
82 | £40,000 | |
DEVELOPMENT Loan & Budget
| Item | Description | Amount £ |
| Legals | £2,460 | |
| Professionals / Architect | 3% of Construction Cost | £1,845 |
| Construction / Refurb | Ground | £61,500 |
| Insurances | For building & Construction | £1,230 |
| Finance Cost | 15% @ for 12m | £34,125 |
| Section106 / CIL | Nil | £0 |
| Contingency | 5% of Construction Cost | 4,692 |
| Total | £81,783 |
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