Our London Bridge residential branch asked us to advise the seller of this attractive end terrace house in a pretty Conservation Area on how to maximise value. The property sits on a comparatively large plot, requires modernisation throughout and offers limited angles for development. Given its location and obvious potential, we were confident of achieving more than the open market value of c.£750,000 that our resi colleagues had recommended.
High quality particulars with floor plans and professional photography were circulated throughout our database of some
15,000 applicants, and a host of first 'viewings' were conducted via HD virtual tour. A strictly limited number of physical viewings were arranged with seriously interested parties, and more than a dozen offers ultimately received.
Whilst the marketing was ongoing, interest was shown by a neighbour who needed to sell in order to buy. Working closely with branch colleagues the neighbour's house was listed, and put under offer within a fortnight. Keen to stay locally but move to a bigger house, the neighbour bid higher than the professional developers and investors that had shown interest. Both sales
were concluded promptly, and having achieved almost £250,000 above the open market value, it's fair to say that our client was delighted!
PROJECT ADDRESS: 143 Fort Road, Bermondsey, London SE1 5PZ
