Site temporarily closed as part of the Coronavirus lockdown procedures.

New build development of 19 waterside houses on the site of a former farm in Rudheath, Cheshire.

GDV: £4,630,000

Work commenced on site: July 2018

Coronavirus update:  Please note that the site is closed as of 26/3/2020.  Our QS is providing us with regular updates – please see below. We thank investors for their patience during this difficult time.

8/4/2020 our QS has advised that Pioneer are in the process of re-writing site regulations to ensure that all government guidelines during the  Coronavirus Pandemic are followed.  They are aiming to be back on site 20/4/2020 and all site contractors will be re-inducted. This date is partly down to when they anticipate suppliers re-opening for business.

1/4/2020 our QS has advised that as per the government guidelines that have been issued to developers, our contractors, Pioneer are looking to get a reduced team back on site 14/4/2020 after the appropriate procedures have been put in place for social distancing.  There may still be issues with obtaining materials due to a number of businesses being closed for the duration.

25/3/2020 our QS has reported that a reduced team is working externally with minimal internal works being carried out.  The decision was made to close the site on 26/3/2020.

March 2020 – important note re the Coronavirus pandemic and its potential effect on reservations and sales:  Whilst our agents are still operational and responding to enquiries and sending out brochures, they have advised there has been a drop off in enquiries which is to be expected.  We do not anticipate receiving any new reservations in the near future. We thank investors for their patience during this difficult time.

Sales Updates: As of 23rd March 2020 we have 6 reservations (a few purchasers have dropped out due to changed circumstances becuase of the Coronavirus Pandemic) with 4 close to exchange and we are doing all we can to progress these to exchange.  There is another pending reservation. The majority of these reservations should proceed to completion by the end of May 2020, pandemic permitting.  There are 13 units still to sell.

As of early March 2020 the agents have taken new photos for online listings and are in the process of refreshing the Rightmove listings.    A new joint agent with offices in Northwich and Chester has been instructed.

Our sales agents held an open day on 8th Feb 2020 .  Social media activity is also planned for the next open day in March.

The view home has been completed to an excellent standard and is generating plenty of interest.

Images of the view home are at the bottom of this page and the latest site images are below those.

Site Schedule Information:

March 2020 our contractors are still currently on site, but we are closely monitoring government guidelines with regards to the Coronavirus, and this situation could change at any time.

Site originally scheduled to be complete by end of October 2019. As of January 2020 the build is behind schedule and is now scheduled to be completed by the end of March/early April 2020.  Delays have been caused by inclement weather, especially through July and August 2019 and also the storms in January and February 2020.  Further delays have been caused by the complexity of junction details to the terraced units.

There have also been issues with the amount on water on site which has prevented progression of the drainage, external works and installation of services.  Additional drainage has been installed which has rectified this issue.

As of late February 2020, the fourt block is nearing completion with the 2nd fix M&E works and decorations left to complete.  PLots 1-2 are complete, as is plot 3 with the exception of 2nd fix joiner and decoration.  Decorations are on hold so the paintwork is fresh closer towards handover to final purchaser.  Plots 4-7 and 18-19 are complete except decorations (on hold as above).

External drainage nearing completion with the sewer connection elements left to install.  The new pumping stations was delivered 21/2/2020 and will be installed along with the new drainage runs w/c 24/2/2020.

The installation of services will commenced 24th February 2020 and after this is completed the contractors will be in a position to manage a specific plot handover sequence.

External kerb/edging works commenced w/c 24/2/2020 along with the external metal railings.

Our contractors will endeavour to claw back as much time as possible throughout the rest of the build as when the site reaches the stage where most of the work is internal the weather has less of an impact on the build.  Once the site is at a stage where purchasers can move in we will progress sales.

As this stage we do not have a time frame for when we will be able to start repaying investors their capital as this is dependent on sales progressing.

Fund Raises/Investor return:
Phase/Fund Raise 1- 10%
Phase/Fund Raise 2 – 10%
Phase/Fund Raise 3 – 9%
Fundraise 4 – 9%
Fundraise 5 – 9%

Investors capital repaid: none repaid to date as the site is still under construction.  Fundraise 5 is the final fundraise.

Information re interest payments:

We will not be a position to pay any interest until all capital has been repaid, and all units are sold.  At the moment we are working hard to progress sales, and do not yet have a timeframe for the payment of interest.

February Build Updates:

The blocks were progressing well with a view to plot handovers at the end of April 2020.  Due to the Coronavirus, the handover will now be delayed.

Road works had commenced, kerbs and services were going in.

Rear gardens were cleared and ready to progress.

February 2020 Site Images:

Click here to view more site images.

January 2020 Updates:

4 Block: plastering complete, doors being installed to plots 4,5 and 7.  All 4 plots – decoration left to complete, tiling and kitchens to install.  Terrace paving slabs to install.

Plots 18/19:  only work left to complete is internal decorating.

10 Block: Plot 8 – plastering complete.  Plot 9 – plaster boarding ongoing.  Plot 10 – walls currently being skimmed.  Plots 11 and 12 – currently plaster boarding is underway.  Plots 13-17 – metal stud installed.  All plots – 1st fix mechanical and electrical complete.

December 2019 Update:

4 Block: stairs complete to all 4 hours, 1st fix MEP work complete, dormer windows installed, other external windows being installed, plastering in progress.

10 Block:  Roof feling to plots 9 and 16 ongoing, Plots 8, 10, 15 and 17 roof tiling complete, screed to most plots complete, 1st fix partitions commenced, 1st fix MEP works commenced, stair installation to all plots nearing completion.

Plots 18/19: platering complete, tiling in progress, 2nd fix MEP commenced, entrance doors complete.

Oct 2019 Update:

10 Block
– Roof timberwork complete. -Roof felting to plots 10 to 15 underway. -Plots 8 and 17 roof tiling complete. -Screed to plots 8 and 17 complete.

Plots 18/ 19
-Windows complete. -Plot 18/ 19 plastering nearing completion. -Plots 18/ 19 1 st fix MEP complete. -Plot 18/ 9 1 st fix partitions complete. -External works to rear gardens underway. All rubbish and undergrowth removed..

Sept 2019 Update:

– the show house is now complete build wise, and is in the process of being dressed

– brickwork to all plots is now complete

– roof timbers are complete to the majority of plots 8-17

– partitions and plastering complete to plots 1-3

– windows and doors complete to plots 1-3

– Mechanical, electrical and plumbing works ongoing to plots 2-3, 4-7, 8-19

August 2019 update:

– Works progressed in the period

– Brickwork to all plots nearing completion (final few cut ups to complete)

– Plots 18/19 brickwork complete and roof trusses installed

– 1 st fix MEP & Joinery works is complete to plots 1 2, plot 3 ongoing

– Partitions and plastering is complete to Plot 1 and ongoing to Plots 2 3

– Roof trusses ongoing

July 2019 update:

Main contractors Pioneer Design & Build continue to make excellent progress on site despite the challenging weather conditions. As of the start of August 2019, plots 1-3 are now water-tight, scaffolding has come down and first fix mechanical, plumbing and electrical work is underway. Brickwork is almost complete to the remaining plots, and installation of roof timbers has commenced.

June 2019 update:

-Installed the remaining foundations to plots 18&19

-Blockwork and facing brickwork is ongoing to 17/19 plots.

-The majority have been laid beyond the 1st floor

– Erection of scaffolding and crash decks are ongoing beyond the 1st lift

– 1st floor joists have been installed to 17/19 plots and caberdecks progressing

– Roof trusses have been delivered in preparation for install over the next period

May 2019 update:

– Viewing property should be complete by the end of June 2019

– Signage has been installed and flags are due to go up imminently. This will help drive sales and attract potential buyers.

April 2019 build update:

-Piles, beam and block floors have been installed to 17 of 19 plots.

– Sub-structure brickwork has commenced to 17 plots. Works across plots 1-7 have progressed to installation of facing brickwork

-Start on site was delayed due to obtaining a revised planning consent as well as the Contractor working on a revised foundation design for the scheme.

-Due to reported high winds and rain experienced over the last reporting period, we are currently reporting a 3.5 week delay on the build of the development. We are looking to make this time up however

March 2019 build update:

– Piles have been installed from plot 17-19

-Ground beams are now in position for concrete to get poured across plots 2 & 3

– Beam and block flooring have been installed to plots 8-17

-Internal drainage installed to 14 to 19 plots

-Although we were subject to various delays (when we first started onsite) due to revised planning consent ,  a revised work schedule will now enable us to make up for any lost time.

February 2019 build update:
– Piling has commenced and has been completed to 17 of the 19 plots. Steel cages have been delivered to the site in order to prepare for the casting of ground beams

– Orders have been placed for roof trusses, floor joists, M&E and internal walls

January 2019 build update: 

-Work has begun to lay the foundations for the properties in this development. To date, the piling has been completed on 17 out of the 19 plots. You can see the piling progress on the image on the right below.

-Drainage regulations for building work means that we have to install large ‘attenuation’ tanks to store surface water created on the development. These tanks have been installed, which means the brick work can start.

Show Home Images:

Site images Feb 2020 (note the image showing the amount of water at the site):