Whilst national planning policy doesn't promote the development of micro units, we find that they play a vital role at the bottom end of the rental market, and there's never any shortage of demand from tenants or indeed investors.
This period building is arranged as five self-contained, but very small units. Unsuitable for mortgage purposes if offered piecemeal, we nevertheless had no trouble introducing an investor happy to take income over the long term. The five flats generate £45,000pa and we concluded a sale at £610,000.
PROJECT ADDRESS: 99 Park Lane, Carshalton SM5 3DX
Jamie Stevenson
Daniel Dennis
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