£650k GDV for ONLY £289K - House & Plot - full Planning Permission on both

Placed: 06/10/17
Region: London
Location: Clapham
Category: Real Estate


Content of the advertisement:

Property type: House, Number of bedrooms: 4

GDV - £650k for ONLY £289k.

(Firstly - please note this advert is 'live' as of 06th October 2017, so this opportunity is available now - please contact me for further details)

Very Rare - Bargain development opportunity - Stunning large House situated in very good area of - Portsmouth, Hampshire.

Full Planning permission to extend the existing large House and add in an integral Garage. Also comes with a separate Plot with Full Planning permission to build an addition House, with integral Garage.

Both Houses will have en-suite Master Bedrooms, down stairs cloak rooms (toilets, sink) and drives, Garages, Gardens to front and good sized private rear Gardens, with paths and Cycle sheds.

This is a very rare opportunity, with very high profit opportunity.

Current values:

Stunning House with full planning permission - current values = £270k, plus Separate Plot with full planning permission - current value = £114k, plus

Provided with all approved full planning permission and separate Architects building regulations drawings (paid over £5k).

Combined 'all' value = £389k (before the development - being £100,000 Discount)

Purchase ONLY = £289K.

Gross Developed Value both houses = £650k (after development).

Full details:

* Full planning permission to extend the existing House.

All Architect approved Drawings and full Architect Building Regulation drawings (both cost circa £5,000).

Gross Development Value (GDV) on completion build:

Existing house increased to £325,000.

Additional New Build House will be valued at £325,000.

Total combined value Gross Developed Value of both houses = £650,000.

Selling House with full Planning permission along with separate Plot with full planning permission to build the 'Extra House', with all approved Architects Building Regulations approved planning drawings - for only £289k.

With as mentioned once 'both' houses are complete a combined Gross value of £650,000.

Again to empathise for clarity on completion of the project the total value will be £650.000! This gives a 'very high profit' margin.

Build costs with sourced Master Builder (Certified) only £127k (or self build mortgage; we can also refer to a development finance firm that are offering a low interest funding).

Total profit to 'grab' of over £200,000!

Ideal for Builder and stacks of Profit potential!

All drawings are available upon request by PDF and ideally meet to discuss with hard AO size original Architect drawings.

(Available due to unforeseen change in circumstances).

To find out more:

Keith - 07757 139132.

(You are dealing directly with the owner and not an agency!)

Please note: No Canvassers from Estate Agents, thank you.

Price / Salary: £289,000.00