A period home in Richmond could fetch new investors a seven-figure sum when it is auctioned off at the end of the month.

The property, on Kew Road, was formerly a six-bedroom family home which was converted into three self-contained flats. It will be part of a £6.2m online auction, taking place on July 26 to 27.

Richard Reed, MRICS, head of property at John Pye Property, believes that investors could potentially double their money by reconverting the property to its original form.

Mr Reed said: “Looking at similar properties in the area, we would suggest that if the property was re-converted to a high standard it could fetch around £2,700,000.

“The property also holds lots of potential to increase its capital value - for example, there is ample space to extend at the rear and the basement area could be converted to create additional residential space.

“Not only this, but the location of this property is also highly desirable and has good transport links to central London.”

The property is part of a £6.2m auction featuring properties across the UK, including residential properties in Streatham and Greenwich.

“Our unique expertise across online auctions means the way we sell property online is a real unique selling point for vendors and is distinctive across the industry,” the property mogul said.

“The John Pye online property auction has grown significantly since its inception and with a John Pye Property online auction being held every three weeks there is constantly new property stock being advertised and offered to the market.”

Visit www.johnpye.co.uk/property-auctions to bid or phone 0115 970 6060 for more information.