Land

This sub-division and conversion project presents an attractive investment opportunity, with a guide price of £400,000-£450,000 and a gross development value of £890,000. The property has the potential to generate significant gross profit, with a margin of 22.5%, and annual rental income of £56,400, providing a rental yield of 9.4%. The project involves splitting an existing house into four distinct separate properties, comprising two 1-bedroom ground floor "garden flats" and two 1-bedroom first floor flats, offering solid financials with low risk.