top of page

Conversion of Doctor's Surgery into 11 Residential Flats

Flat 5, 97, London Road, Gloucester GL1 3HH

The Location

This former medical building sits on the main London Road route into Gloucester city centre, a well-connected location with strong public transport links. The area is characterised by a mix of residential and service properties, making it attractive for a planning uplift to residential use with ready demand from local professionals and small households. 

The Strategy

Gain planning and sell on
prior to developing

Financials

  • Purchase Cost: £380,000

  • Professional Fees: £26,000

  • Finance Costs: £50,000

  • Sales Costs: £5,500

  • Total Costs: £461,500

  • GDV: £574,900

  • Profit: £113,400

  • Profit on GDV: 19.72%

Current Status

Sold for £500k + £74,900
Overage clause

bottom of page