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