Backland Development of 3 Properties

Backland development exploring the possibility of erecting three detached family homes in Kingston, South London

Details:

Unit Sale £psf
£ 0
Duration (months)
0
Gross margin
0 %

Our client came to us with a generous plot seeing it’s potential to accommodate 3 detached family dwellings on their plot in Kingston, South London.


YKG has been involved to date throughout the feasibility and planning stages, and is currently working towards the main planning application to the Royal Borough of Kingston Upon Thames. With an expected 300% profit margin, once approved the scheme will work out to be a fantastic investment.

Permitted Development

Total Units

Unit Sale £psf

Avg Price of 1 Bed flat

Avg Price of 2 Bed flat

GDV

Gross Costs

Gross Profit

Gross Margin

Duration

Equity Investment

Initial

30

£352

£177,000

£233,000

£6,476,250
£5,150,438
£1,325,812

26%

19 months

£500,000

Actual

30

£528

£239,794
£252,989
£8,693,875
£5,505,030
£3,188,845

57.93%

19 months

£550,000

©2021 YKG Asset Management

Share this:

Like this:

Like Loading…

Discover more from YKG Asset Management

Subscribe now to keep reading and get access to the full archive.

Continue reading