We concluded a very quick sale of this prominent, unbroken freehold block on behalf of Hyde Housing Association in early 2020.
The existing building sits on a large corner plot in the popular suburb of East Dulwich, and was built as 8 one bedroom assisted living apartments with C2 use. With the potential to generate short-term income and a positive pre-application response for a 16 unit scheme, we had every confidence that a strong price could be achieved on an unconditional basis.
Having been instructed in mid-December we prepared particulars and had a for sale board installed at the property. Our intention was to defer active marketing until the New Year, but interest from the board alone was so strong that several offers were soon received.
One locally based firm had cash on the hip from a recent completion, and were determined to secure the property. Their unconditional offer was considerably higher than ourselves and our client expected, and their desire to complete quickly suited the sellers perfectly. A deal was duly agreed shortly before Christmas, and contracts were exchanged just a few days into 2020.
We're a positive bunch, but even we are occasionally surprised by the premium a determined buyer will pay for a certain property. Without expert agency advice, how do you know what your property might be worth? Give us a ring…
PROJECT ADDRESS: 39 East Dulwich Road, East Dulwich, London SE22 9AN