Case
Studies

Ipswich Development

Project Details

Investment Opportunity: Purchase of land and construction of flats

Location: Upper Orwell Street, Ipswich, Suffolk

Bedrooms: 9

Background

This development is situated between Upper Orwell Street and Bond St in Ipswich town centre, in the county of Suffolk and is currently used as a small city centre car park. The site has access from two sides, from both Upper Orwell Street and Bond Street and is currently separated by a fence, giving great scope for redevelopment by considerably enhancing an existing area in great need of reviving.

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Our strategy was to purchase the land through a combination of private investment and a capital bridging loan, build the flats and then sell them off plan or immediately upon construction for a profit.

This small bespoke development scheme had full planning permission granted for 9 flats, made up of three, three storey buildings each consisting of 3 units. Each block comprises of 2 x 1 bedroom flats and 1 x 2 bedroom flats.

The development was completed to a high specification and the flats were valued and marketed for sale at £1.2m in total. Once sold the whole development project will yield a total net profit of £211,206.

Financial Overview
Purchase Price	£170,000
Purchase Costs & Fees	£144,294
Cost of Development	£674,500
Total capital outlay	£988,794

Development Value	£1,200,000
Total Costs	£988,794
Total net profit	£211,206