Purchase Price: £420,000

Current Value: £1,850,000

 

The property at 93 Blackstock Road was a single dwelling when Pamela and Sean first purchased it in 2004. They recognised the growing demand for smaller, cheaper accommodation particularly in London, so they decided to convert it into 3 separate, self-
contained flats.

 

The overall layout comprises a 4-bedroom flat on the ground and lower ground floors, a 2-bedroom flat on the first floor, and a 2-bedroom maisonette on the top floor. The project involved close liaison with Hackney Council’s Planning and Building Control departments to complete the project and they also had to satisfy a number of Health & Safety requirements.

This project taught Pamela and Sean the importance of planning, managing change and adhering to a strict budget. They acquired skills such as quantitative costing, deal analysis, and leaving a margin for yield drops to ensure the project is still possible.

​

Details of work:

​​

Phase 1

• Enabling works

• Enabling works demolition

• Excavation and foundation

• Drainage

• Utility connections

• Ground and oversight reduction

 

Phase 2

• Building of the New rear facade

• Installation of roof carpentry

• Roof covering

• Installation of new floors and staircase

• Installation of new partitions

• Windows and doors installed

 

Phase 3

• First fix carpentry plumbing and electrical

• Insulation and dry lining

 

Phase 4

• Second fix: plumbing and heating, carpentry, electrical

 

Final Phase

• Decoration and tiling

• Installation of kitchen and bathrooms

​

​