Having provided a complimentary probate valuation in 2020, we were delighted to secure instructions to manage the sale of this unbroken apartment block on the popular Thorpe Estate.
Our client had been keen to sell the four apartments and freehold interest on a piecemeal basis. Whilst such a strategy would typically be the best way of maximising value, in this case our advice was to sell the property as a whole. Our logic was that the property offers apparent future development potential that would disappear in the event of a piecemeal sale. We were confident of not only exceeding the piecemeal values, but also securing a sale on a far more straightforward basis.
Our client expected to achieve £1.2M, but we knew we could generate sufficient interest to achieve a premium. The strength of our database ensured a huge volume of enquiries, and we received 15 bids over the guide. We'd worked with the seller's solicitor to put a legal pack together in advance of the marketing; enabling us to quickly exchange contracts at a 15% premium.
Our advice is tailored to the nature of each property and requirements of each seller, and we're not ashamed to admit that our aim is to always achieve the best possible price. After all, you can only sell your property once!
PROJECT ADDRESS: 27, 27a, 29 & 29a Burghill Road, Sydenham, London SE26