** 4 BED HOUSE NEAR ABBEY WOOD CROSSRAIL STATION with PLANNING FOR APARTMENTS or USE AS 7 BED HMO **

Placed: 10/01/18
Region: London
Location: Erith
Category: Real Estate


Content of the advertisement:

Property type: House, Number of bedrooms: 4

***SERIOUS BUYERS ONLY, PLEASE EMAIL ME AND I WILL CALL YOU TO DISCUSS AND ARRANGE VIEWING. STRICTLY NO AGENTS PLEASE***

This house is a substantial 4 Bedroom Victorian Terrace. However, the icing on the cake is that Full Planning Permission has been granted for conversion into 2 Luxury Apartments. Additionally, there are Architectural Plans (planning permission is exempt) for further development of this site to include a loft conversion, which could create a 3rd Apartment.

***Additionally this could be converted into a 7 Bedroom HMO which would generate £4,375 a month or £52,500 a year**

The great news is that unlike some other development/land opportunities this site can be purchased with a mortgage as there is an existing house on the site. Therefore this opportunity is perfect for first-time buyers, families and investors alike. The possibilities for development are numerous.

Full Planning Permission has been granted for conversion into 2 Luxury Apartments. You will have until 2021 to commence works, so you can move into the house now, plan, and start the project in your own time.

The architect who designed the apartments has made best use of the existing space meaning there is minimal work needed to convert the property, this will help keep conversion costs down. Furthermore, the architect has provided a choice of floorplans so you can configure the layout as you desire.

Tenure - Freehold

These particulars are for guidance and we endeavour to make our details as reliable as possible. The floorplans provided are intended to only give a general indication of the proposed floor layout and are not drawn to scale. Measurements are given to the widest point, are approximate and are given as a guide only. All measures and areas may vary within a tolerance of 5%. Do not use these measurements for carpet sizes, appliance spaces or items of furniture. The specification is not intended to form part of any contract or warranty.

Price / Salary: £500,000.00