Crown Developments was approached by a builder who wished to venture into the property development industry and required assistance in the sourcing of a property.
A property was discovered in a desirable location, however required extensive works at the time of purchase. It was bought for £510,000 with the client only personally investing £125,000.
Crown Developments assisted in obtaining planning permissions for a side and rear extension, which were granted. Works were commenced and within a year were completed.
The property sold on the open market for 815k.
GDV - £810,000
Purchase - £510,000
ROI - £150,000