Purchase Method:     Open market

Purchase Price:                  £515,000

Sale Price/GDV:                  £900,000

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ROI: 24.5%

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A dated and under-developed 2 bedroom bungalow in this lovely, quiet area of Studham. Just outside Whipsnade in an area of National Outstanding Beauty.

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The critical factor in the success of this project was in obtaining planning permission to add the dorma roof’s to the front and rear of the property. We managed to achieve this first time with the planning department. Considering that the property was in an Area of Natonal Outstanding Beauty this was not a formality and risky.

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We added 3 additional bedrooms to the 1st floor as well as 3 ensuite bathrooms. The ground floor was also extended and we created a large living room just off of the new kitchen. The garage was converted into a habitable room, adding a 4th bedroom. The floor area of the house was increased by 84% from 1143 R to 2102 R.

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The property was marketed in April 2022 and was soon sold for the full asking price of £900,000, with the new owners moving in in July 2022.

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If you are interested in investing with us please get in contact to discuss any opportunities that may be of benefit to both parties.

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Note:

Further financial information on all of our previous developments is available to investors upon receipt of a signed NDA. 

 

Contact us for more information.