Medium – YKG Asset Management

6 Frances

Additional Flats in Greenwich

Situated on the edge of the Thames in Woolwich, London, we proposed to transform an existing mixed-use unit by means of extending and renovating, to create an additional 5 flats.

Details:

Total Units

GDV

£ 0

Gross margin

0 %

We were approached by a developer to convert his existing 4 bedroom residential unit into multiple apartments, and we recommended to extend in order to maximise the rental potential of his property.

We proposed to retain the existing retail unit on the ground floor, however, extend vertically by means of a mansard style additional storey, and to the rear, almost doubling the existing floor area and increasing rental potential by a huge 500%! The site, being located in a prime commuter area, was sure to have a great level of interest from potential future occupants, and the site constraints, including the need to protect neighbouring amenities, guided us throughout the design process, looking to squeeze every square meter out of the plot as possible.

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

£352

£177,000

£233,000

£6,476,250

£5,150,438

£1,325,812

26%

19 months

£500,000

Actual

£528

£239,794

£252,989

£8,693,875

£5,505,030

£3,188,845

57.93%

19 months

£550,000

26 Lincoln Avenue

New Build Properties in Wimbledon

Demolition of a 5 bedroom detached house to make way for two luxury semi-detached homes over three storeys and a basement, adding an additional 400 sqm to the internal space.

Details:

Semi-Detached Properties

GDV

£ 0

Gross margin

0 %

From 2010- 2014, 3 different firms advised our client for an erection of a two-storey side and front extension as this was their only viable option for their property in Wimbledon. Once appointed, however, we brought an entirely different vision of the project to our clients attention, pushing forward the potential of the plot and exercising the use of the side garden, an additional 3.5m width.

YKG were appointed throughout the planning and construction phases and proposed the full demolition of the existing two-storey 210 sqm dwelling, in order to design two new semi-detached properties, a total of 610 sqm, over three storeys and a basement. This would, in turn, triple the value of the property and provide an incredible return on investment for our client.

Permitted Development

Total Units

Unit Sale £psf

GDV

Gross Costs

Gross Profit

Gross Margin

Duration

Actual

£838

£5,500,000

£2,100,000

£3,400,000

61.81%

26 months

Jasmina

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)

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

£352

£177,000

£233,000

£6,476,250

£5,150,438

£1,325,812

26%

19 months

£500,000

Actual

£528

£239,794

£252,989

£8,693,875

£5,505,030

£3,188,845

57.93%

19 months

£550,000