3 × 1-bed flat · SW11 5RL
For saleListed 5 days
Opportunity summary
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About
An existing 3 bedroom flat within a mixed use building, arranged over the first and second floors and measuring approximately 992 sq ft gia.
The property is currently let but will be sold with Vacant Possession. Full planning permission is in place for a mansard extension and conversion into three self contained 1 bedroom flats.
The Licence for Alterations has been executed. The Deed of Variation allows the existing lease to be extinguished and replaced with three new 125 year leases, at a total cost of GBP8,000.
The existing lease runs from 2014, with GBP400 pa ground rent and approximately GBP2,200 pa service charge, including building insurance.
Price tbc – Long Leasehold Sold with the benefit of the planning consent, Licence for Alterations and Deed of Variation. The property is not opted for VAT. Planning reference number: 2026/1439
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Flat 1 42, Lavender Hill, London
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