Lea Hall Road, E10
The advice on the refurbishment of this property was aimed at maximising the living space and creating a functional family home whilst bearing in mind new ways of working (as a result of the pandemic).
The demand for larger houses over the past couple of years has soared. Buyers are now willing to stretch their budgets further to find a larger family home. The property had unlimited potential with it being a double-bayed Edwardian house, providing an already wider footprint than the traditional Victorian home frequently found in this borough. We advised that one of the key ways in which to increase the value of this property would be to add extra floorspace. This was made possible with a rear ground-floor extension, a loft conversion and the addition of a self-sufficient outbuilding in the garden, suitable for working from home. With the property located in Leyton, East London, we understood that the typical buyer in this area would likely be a young family aiming to upsize.
The property had been rented out for several years, so it needed some cosmetic upgrading. We advised the investor to aim for a luxury high-end finish, focusing on creating an open, airy and bright feel in order to maximise the potential possible return.
The property underwent a full renovation, with one of its biggest transformations being the ground-floor, rear six-metre extension. This created a beautiful, bright and spacious kitchen/diner, which would provide the perspective new owners with a variety of hosting options. Original floorboards on the ground-floor were resanded and varnished, in keeping with the property’s original features. For the main family bathroom, the client opted for traditional-style design with a luxurious roll-top bath, gold accents and a separate shower. The loft was added to the property, housing a fourth bedroom and a second bathroom. The electrics and plumbing were also upgraded to the latest approved standards.
Following its renovation, the property sold within its first week of marketing and for over asking price, making it a successful return on investment.
Lea Hall Road, E10
Original Purchase Price (Pre-Renovations) - £550,000
Marketing Price – Offers in excess of £950,000
Sold – Over marketing price
Weeks Marketing – 1 week
Agent – Settle East