Adding capital value: Bayswater, W2

End result

Adding capital value (floor plan) - London Central Portfolio Limited

Before

Adding capital value (floor plan/before) - London Central Portfolio Limited

An existing client was looking for a heritage property to add to their investment portfolio. They acquired an unmodernised one bedroom apartment, using LCP's exclusive buying service, with potential to add value.

Investment Criteria

  • Tenure:
    Leasehold
  • Search Area:
    Prime Central London
  • Specific Preferences:
    Heritage property with potential to add value
  • Purchase Price Budget:
    £750,000

The Final Selection

The apartment is situated in a period mansion block in a desirable location overlooking Hyde Park. The property had been left untouched for a number of decades and was in desperate need of modernisation.

The layout was compromised with areas of wasted space, including a walk-through galley kitchen.

Our in-house Project Management team, specialising in space optimisation, were able to reorganise the property to create a more practical layout with an open plan living area and add a second bedroom.

  • Agreed Purchase Price:
    £725,000

The End Result

The two-bedroom flat received significant interest on the rental market, the landlord benefitted from an instant rental uplift. LCP selected a young professional looking for a modern two-bedroom flat in the Bayswater area.

The Returns

  • Gross Rental Yield:
    4.0%
  • Rental uplift post-refurbishment:
    25%

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