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 property had been under the same ownership for over 10 years and required a total refurbishment.

Our in-house Project Management team, specialising in space optimisation, were able to reorganise the property to create a more practical layout, an open plan living area and add a second bedroom in a 606 sq ft property.

Work commenced during the Spring lockdown and finished within 12 weeks ready to be launched onto the rental market.

  • Agreed Purchase Price:
    £725,000

The End Result

The two bedroom flat received a lot of interest once it came onto the rental market and LCP selected a young professional looking for a flat in the Bayswater area.

The Returns

  • Gross Rental Yield:
    3.9%
  • Valuation Post-Refurbishment:
    £910,000

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