The last of our residential-related reports for this issue concerns an unusual freehold sale in a lovely part of Streatham.
Our Streatham branch were contacted during lockdown by a French family keen to sell their property, and move home to central France. There's nothing particularly unusual about people moving abroad, but in this case the clients had two adjoining houses, and would only consider a sale as one lot! As this opportunity would only be viable for a professional buyer, our branch colleagues got us involved.
The period house to the right hand side was in good order, but appeared to offer potential for conversion into several apartments. The detached house to the left was far more recently built, and was more suitable for occupation by a single family. The gardens were landscaped as one, and as such a reasonable amount of work would be required to sub-divide the properties.
Our marketing campaign generated interest from large families, investors, developers and institutions, and several offers in excess of the £1.5M guide price were received. With elderly family to consider, our clients were particularly keen to move as quickly as possible. A cash offer a little ahead of the guide was accepted, contracts exchanged promptly and completion dealt with before the UK's second lockdown.
We love a challenge, so if you have a residential property with an angle, or a slightly unorthodox asset to sell, please give one of our offices a call.
PROJECT ADDRESS: 8 & 8a St Helen's Road, Norbury, London SW16 4LB
