Sunset Court
Office to Flat Conversion & New Build Houses
Purchase Price
£800,000
GDV
£2,550,000
Location
Buckinghamshire
Council
Buckinghamshire Council
Design Brief
To convert an existing office into 2 x 2 bed and 2 x 3 bed flat, as well as constructing 2 x new build houses in the car park.
...unlocking circa. £250,000 in additional value.
XP Property came to us with this site, which already had planning approval for the 2x new-build houses, and also the office conversion to 4x 2-bed flats, allowing them to move forward quickly with the build process.
Like all of our development projects, we will always find added value, and we knew there was the possibility to change the 1-bed new-build houses to 2-bed houses very simply. The other enhancements included the utilisation of the derelict roof space within the office building which became a further two bedrooms and unlocking circa. £250,000 in additional value.
This added value coupled with a circa. £50,000 reduction in build cost by changing the approved internal layout gave XP an enhanced profit margin.
Buckinghamshire Council didn’t make the planning process easy and caused significant delays during delivery, but it did mean the scheme was pushed to it’s full potential.
The other notable challenge was Thames Water taking 13 months to install the new water connections which led to huge delays and abortive costs.
Watch our Sunset Court site tour!
Click on the image to watch our full site tour of Sunset court on our YouTube channel!
We walk around both the office conversion and the 2 mews houses, talking about each building, showing you we improved and optimised the layouts of both for our client.
We also run through the interior decisions of each property, talking through the specification and the costs involved, with the suppliers we used as well.
Play Video
