Durward Street

Creating Flexibility for Use as a Private Residence or HMO

The background

Mid-Terrace House

The property is a mid-terrace house located in central London, within a nice location, close to train station.

Project Details

Location: London
Value: £650,000 → £1,200,000
Rental: £350 pcm → £2,500 pcm
Timeline: 18 months
Use: C4-HMO
Units: 5
Residents: Professionals, Students

The Numbers
Construction Costs: £300,000

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The brief

Flexible Use as Private Residence or HMO

The client intended the property to serve as their primary residence, with plans to convert it into an HMO in the future. They aimed to add a ground-floor extension and construct an additional floor, allowing them to rent out the property should they decide to live abroad temporarily.

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The challenge

Managing Article 4 Restrictions

The primary challenge was addressing policies restrictive to HMOs, as the property was located within an Article 4 area. Despite highlighting the demand for young professional accommodation near the hospital, we were initially unable to convince the council of the need for HMO approval.

However, we successfully resubmitted the application, securing approval for all proposed extensions. This allows the clients to expand their existing property and enhance its overall value.

Project Timeline

Apr 2018

Found Property

Sept 2018

Exchanged

Apr 2019

Refurb Starts

Sept 2019

Refurb Complete

Oct 2019

Tenants Move in

Project Scope

→ Design Appraisal
→ Existing Drawings
→ Concept Drawings
→ Full Planning Permission Application
→ Building Regulation Drawings & Application
→ Construction Project Management
→ Interior Design
→ Furniture Selection
→ HMO Licencing
→ 3D Virtual Tour