The Renovation Game: Hyde Park, central London
Wednesday 16 January 2008
What's for sale?
This is a unique investment opportunity for someone with deep pockets. Five of the seven flats constituting this seven-bedroom property are for sale (with the freehold rights), including a four-bedroom penthouse suite. Each has floor-to-ceiling windows and most of the original features are intact, including the sweeping staircase.
Guide price of £4.4m, freehold.
Though structurally sound, the place needs to be brought up to date. The garden is well kept and the exterior is in great condition, but the lift shaft needs re-installing and more than a lick of paint will be required to restore the interior to its former glory.
In a fantastic location, just minutes from Hyde Park and the array of schools, shops and transport links that central London has to offer, this would provide great rental opportunity. You would need to put around £1.2m into the renovations – a lot of money to invest right now, but this could be worth around £9m if you play your cards right.
Rickman Properties: 020-7937 9777
Life & Style blogs
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
- 1 What happens to your body when you give up sugar?
- 2 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 3 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 4 Penis size: Study revealing 'what's normal' sends international media into meltdown
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
£25000 - £35000 per annum: Recruitment Genius: This firm are focussed on assis...
£7 per hour: Recruitment Genius: A vacancy has arisen for a General Processor ...
£18000 - £22000 per annum: Recruitment Genius: A great opportunity has arisen ...
£14000 - £16000 per annum: Recruitment Genius: Full time and Part time positio...