Property description
An opportunity for any budding investor or developer to add value to a property in a prime location in SW15, the likes of which are rarely available on the open market. This property offers great potential having benefitted from recent permission for large extension to the rear of the property from Wandsworth Council. The existing property is in need of a full refurbishment throughout and is currently arranged as a small and quite compromised 2 bedroom garden flat, however with the extension and refurbishment works complete the property would be a substantial 2 double bedroom property with large entertaining/kitchen room with attractive bi-fold doors leading onto south facing private rear garden which local agents are predicting to be worth approximately £750, 000. The approved permissions have been sought with a view to allowing the first floor flat to use the roof of the new extension as a roof terrace for which the owners of the first floor are prepared to pay a premium for the air rights to that space further enhancing the potential of this project. However should this not be pursued an amendment to the planning consent to mirror the identical extension to the property next door could be sought to add some glazed lanterns to the roof of the new extension to add some great light to the new space. The property will also be sold with a new 125 year lease.
Aspect are a leading independent estate agency who specialise is sourcing property investments across London and the Home Counties, we can offer unrivalled support and advice for any developer or investor. Please contact our Team for further information and viewings.
Property Features :
- Investment Opportunity
- Planning Permission For Extension
- Sought After Location
- Development Opportunity
- New Lease