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Home Renovation: 10 Of The Best Projects

October 10, 2017

Are you looking for a renovation project? A property that needs just the right amount of work, so that your money stretches as far as possible and you end up with your dream home? Or a property you can fix up to generate rental income or capital growth?

Well, you’re in luck, because we’ve picked out 10 fantastic renovation projects to suit all budgets. We’ve also included the potential sale and rental prices after the works are complete, to give you an idea of how much you’d stand to make.

If you’re interested in one of the properties, or if you’d like us to help you with your search, give us a call on 0207 099 4000.


1. Studio, 1 bathroom | Woburn Place, Bloomsbury, WC1H

Asking price: £315,000 (Leasehold)Instant Valuation

Potential sale price after full development*: £350,000

Potential rental price after full development*: £1,600 pcm

Cosmetic improvement could transform this central London flat into an enviable student pad or pied-à-terre. It will also hike up the value, as the market always places a premium on attractive, recently renovated property.

The studio comes with the rare benefit of private outside space, which offers impressive views over the City. Plus, UCL, SOAS, LSE universities are all within walking distance, so the location couldn’t be more convenient.  

Call Portico estate agents in Bloomsbury to arrange a viewing!

Estate Agents in Bloomsbury


2. 1 bedroom, 1 bathroom | Deancross Street, Shadwell, E1

Asking price: £365,000 (Leasehold)

Potential sale price after full development*:  £400,000

Potential rental price after full development*: £1,550 pcm

East London is in serious demand with home hunters and renters looking for affordability and trendy amenities - and this spacious property is great value for money.

A new, modern kitchen and bathroom would really add to its appeal and bump up the potential sale price, plus there’s potential to knock through the kitchen wall into the living room and create a more sociable, open plan set up (subject to building regulations and survey). If this was done well, buy-to-let investors could command a high 5.1% rental yield.

Call Portico estate agents in Bethnal Green to arrange a viewing!

Estate Agents in Bethnal Green


3. 1 bedroom, 1 bathroom | Tyrrell Road, East Dulwich, SE22

Asking price: £385,000 (Leasehold)

Potential sale price after full development*: £425,000 after a refurbishment, £550,000 with an added bedroom

Potential rental price after full development*: £1, 600pcm as a 2 bedroom property

If you’re looking to end up with a home that’s exactly as you want it - this East Dulwich Victorian conversion is perfect. It can be completely modernised with a new kitchen, carpets and furnishings, plus there is potential to extend the un-demised loft space too (subject to the freeholder’s permission and STPP).

The property is just a short walk from Peckham Rye Park, plus a string of cafes, pubs, restaurants and organic groceries.

Call Portico estate agents in Dulwich to arrange a viewing!

Estate Agents in Dulwich


4. 2 bedrooms, 1 bathroom | Denbigh Road, East Ham, E6

Asking price: £385,000 (Freehold)

Potential sale price after full development*:  £450,000

Potential rental price after full development*: £1,700 pcm as a 3-bedroom property

The handsome Victorian property has heaps of potential, but requires modernisation and redecoration. With a new kitchen, flooring and furniture the home could be transformed into a wonderful and value-for-money first home.

For investors looking to maximise their rental income, you could also converted the bathroom back into a third bedroom (subject to planning permission).

The property is located in the extremely popular Central park estate and offers a lovely large garden.

Call Portico estate agents in Forest Gate to arrange a viewing!

Estate agents in Forest Gate


5. 1 bedroom, 1 bathroom | Churchfield Road, Acton, W3

Asking price: £399,950 (Leasehold)

Potential sale price after full development*: £575,000

Potential rental price after full development*: £1,600 pcm

This spacious garden flat offers brilliant renovation potential! There's the option for both side and back extensions to improve the living space, as well as potentially turning the property into a 2-bed, subject to planning permission.

If converted into a 2-bedroom flat, you’d be looking at a sale price of £575,000 or a rental income of £1,600 per month, or if you convert the property into a stylish large one bedroom flat, you’re looking at a £475,000 sale price and a rental income of £1,300 per month.

With such a central location just 0.3 miles from Acton Central (Overground) and 0.6 miles from Acton Town (Piccadilly Line), the property would be ideal for professionals working in the City.

Call Portico estate agents in Acton to arrange a viewing!

Estate Agents in Acton


6. 2 bedrooms, 1 bathroom | Thurtle Road, Hoxton, E2

Asking price: £425,000 (Leasehold)

Potential sale price after full development*: £475,000

Potential rental price after full development*: £1,650 pcm

Moments from Hoxton Overground and Haggerston Park, this trendy property benefits from a private balcony, plenty of space for storage, and a separate living room filled with natural light from the large windows. Cosmetic improvement - like modernising the bathroom and kitchen, boxing in the exposed pipe work and improving the balcony area - would really improve the home’s appeal, increasing the potential rental yield to a very healthy 4.7%.

The flat can also be used as a two bedroom convert, utilising the living room as a third bedroom to increase rent.

Call Portico estate agents in Bethnal Green to arrange a viewing!

Estate agents in Bethnal Green


7. 5 bedrooms, 2 bathrooms | Redbridge Lane East, Redbridge, IG4

Asking price: £674,995 (Freehold)

Potential sale price after full development*:  £775,000

Potential rental price after full development*: £2,600 pcm

A house to make home? Love and attention, (and a new kitchen and a makeover) will increase both the saleability and potential rental value of this large family home.

It’s in the catchment area of the popular Beal School and also just a 10 minute walk from either Gants Hill or Redbridge Tube station (Central Line).

Call Portico estate agents in Ilford to arrange a viewing!

Estate Agents in Ilford


8. 3 bedrooms, 1 bathroom | Crescent Lane, Clapham, SW4

Asking price: £795,000 (Freehold)

Potential sale price after full development*: £999,500

Potential rental price after full development*: £3,500 pcm

This large freehold house offers huge potential to improve and extend (subject to planning permission). An investor or savvy home hunter could extend this property into the loft and on the ground floor, creating another bedroom and a more spacious living area.

A further benefit is that the property comes with no onward chain, front and side gardens, plus a private rear garden with a brick built storage shed. Clapham Common Tube and Clapham Common High Street are just a couple of minutes’ walk away.

Call Portico estate agents in Clapham to arrange a viewing!

Estate Agents in Clapham


9. 4 bedrooms, 2 bathrooms | Landcroft Road, Dulwich, SE22

Asking price: £1,095,000 (Freehold)

Potential sale price after full development*: Up to £2.2 million

Conveniently located within walking distance of Peckham Rye and Lordship Lane, this large family home would ideally suit a buyer looking to carry out some renovation work.

The handsome property offers potential (STPP) to carry out a side return and a dormer conversion out of the loft space and create a fourth floor, something which has already been done by neighbouring properties on Landcroft Road. Adding this extra space would take the value of the property over the £2million point, as well as increasing the potential rent.

Call Portico estate agents in Dulwich to arrange a viewing!

Estate agents in Dulwich


10. 5 bedrooms, 2 bathrooms | Burghley Road, Kentish Town, NW5

Asking price: £1,300,000 (Freehold)

Potential sale price after full development*:  £1.8 m - £2 million

Potential rental price after full development*: £3,900 pcm

Lots of buyers aren’t prepared to pay a premium for someone else’s interior design preferences. And that’s why this property is an excellent buy: it’s the epitome of a great doer-upper, needing new glazing, heating, electrics, guttering and drainage. A new kitchen, bathroom, plastering and flooring would also transform this lovely family home, and add a significant amount to the potential sale price.

Interestingly, this property also has the potential to be split into flats (subject to planning permission), which could maximise both rental income in the short term and capital growth in the long term. Many neighbouring properties on Burghley Road have been converted into two, three, and four separate units - so there’s a lucrative opportunity here for an experienced investor or renovator.

Call Portico estate agents in Highbury to arrange a viewing!

Estate Agents in Highbury


If you are interested in any of the properties featured give us a call 020 7099 4000 - or click here to get a free property valuation in 60 seconds!

*Potential investors should satisfy themselves that any property acquisition meets their requirements and should take independent professional advice regarding the achievability of the potential sale price. Potential sale and rental prices quoted here are indicative, not guaranteed and may be lower if the property does not achieve continuous occupancy. They’re also dependent on the condition of the property and market conditions.


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