Stratsmore House, Romford, London

The property was acquired from a subsidiary of Galliard Homes, initially serving as an office building. It was then skilfully transformed into 10 residential flats. This conversion project presented a unique challenge, as it involved a relatively small site that proved challenging for larger developers to work on effectively. To overcome these challenges, the project was predominantly financed by the bank, primarily because of its advantageous location. This arrangement required a lower equity contribution, ultimately leading to a higher yield on the investment.

Cost Price: £1.8M
Current Value: £3.2M
Equity/Investment: £1M
Property Size: 350 SQM
Property description: 10 Flats
Property Status: Apartments
Property Type: Residential