DEVELOPMENTS
Our property development team create beautiful properties that are designed for living. Our experience in selling and managing the properties we have created means that we think long term and appreciate that quality of build and design are paramount. Our extended team includes designers, architects, project managers, surveyors and engineers. Whether the units are developed to sell or to let, the relevant skills are brought together to fit with the needs of the project.
Our case studies demonstrate our collective team experience.
CASE STUDY ONE – MILTON KEYNES (2014)
Office conversion to 12 Flats
- Total costs: £1,425,000
- End value: £2,850,000
- Profit: £1,425,000
- Duration: 6 months
In february 2014, a vacant office building of 6,421 sq ft, situated in a residential area of milton keynes was acquired for £400,000, the site has now been converted to 12 modern apartments.
At point of sale, the values ranged in the area is around £200,000 per 1 bed and £250,000 per 2 bed flats.
CASE STUDY TWO – KIDDERMINSTER (2014-2015)
Office conversion to 35 Flats
- Total costs: £1,800,000
- End value: £3,200,000
- Profit: £1,400,000
- Duration: 12 months
Two three-storey adjacent buildings situated in the heart of Kidderminster were purchased for £460,000. These 21,500 sqft offices were converted into 36 flats.
At point of sale, the values ranged in the area is around £75,000 per 1 bed and £90,000 per 2 bed flats.
