Case studies

South Eden

Purchased as a large Victorian villa divided into eight holiday flats and one 2-bedroom coach house in poor condition.

Planning consent for a further four units and change of use to permanent residential letting was obtained, resulting in four two-bedroom flats, eight one-bedroom flats and a two-bedroom coach house after renovation and redevelopment. This was not sold and remains in the portfolio as an investment property.

Purchase Price	£250,000
Developing Costs	£300,000
Total Project Costs	£550,000
Finished Value	£750,000
Profit	£200,000
Project Financing:
Investment	£150,000
Bank Funding	£400,000
50% Profits	£100,000
Return on Investment	66.6%