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
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