New build development in Greater Manchester of 36 houses split between four house types.

GDV: £8,570,000

Work on site commenced: January 2018

Status: Under construction

Fundraises/Investor return (as this is a large development there will be multiple fundraises):
Phase/Fundraise 1 – 10%
Phase/Fundraise 2 – 10%
Phase/Fundraise 3 – 9%
Phase/Fundraise 4 -9%
Phase/Fundraise 5 – 9%
Phase/Fundraise 6 – 9%

Investor capital repaid: to date (July 2019) no investor capital has been repaid as work on site still continues.  We can commence repaying capital in order of Fundraises only once we have started completing on sales.  Investors will be emailed when it is their turn to have their capital repaid.

Interest will be paid at a later date when the development is complete and fully sold as interest can only be paid out profit, and an investment is not in profit until all investor capital has been repaid.

Sales Updates:

As of 5th August 2019 2 of the 3 completed plots are reserved including the show home.  2 plots on the main site have also been reserved. The show home opened 8th June 2019 and is continuing to generate plenty of interest.

July 2019 build updates:

The horrendous weather in the latter part of July has let to delays on the site as extreme rain has made it difficult to carry out external building work.

The following works have been underway the past month:

Plots 1-3 

Garden locks have been added to rear gates.

Plots 4-36

– Continuation of work on large manholes and sewers.

– Continuation of work on new kerbs from 24 to 36.

– Forming up of the road from 24 to 36.

– Continuation of plot drainage and party wall foundations.

– Continuation of masonry walls between plots.

-Continuation of scaffolding for timber framed plots.

– Commence cut and muck shift plots 18 to 23

– Form the hillside and turf to rear of plots 18 to 23.

June 2019 Build Update:

Plots 1-3 – The final decorations and snagging have been done.

Plots 4-36 – There has been a continuation of work creating large manholes and sewers.

– There has also been a continuation of new kerbs from 13 to 24.

– The road from 13 to 24 has now been formed.

– Continuation of plot drainage and party wall foundations.

– The masonry walls between plots have been completed.

– The scaffolding for timber framed plots has been done.

May 2019 Update:

– Viewing property ready this week

– Thanks to a spate of good weather we have experienced great progress on the build over the past month

– We have now tarmacked 1/3 of the road across the development

– Timber frames have now been erected on the main site

April 2019 Build Update:

Plots 1-3 of the development fronting Micklehurst Road have progressed well and are nearing completion. Over the last reporting period, we have:

-Completed all internal works except decorations, which are on hold until the electric meters are installed and power is available throughout the properties.

– Progressed external works, such as completion of groundworks, sub-base tarmac and installation of fencing.

Plots 4-36 on the main site of the development are currently on hold as the main drainage system is established. This complicated process sees the drainage system being installed at two points on site (commencing at the site entrance and at the end of the new access road) to compress the programme. Works for which are still ongoing but commencement of road formation and kerbs are due to start in the upcoming period.

– Viewing property to be ready 8th May

March 2019 Build Update:

Plots 1-3 (the properties at the front of the development) have progressed very well since the last reporting period:

– Our contractors have completed plasterboard and skimming works internally

– They have also commenced installing the fitted kitchens and are currently on with 2nd fix plumbing and heating (making sure that they’re properly fitted etc.)

– Our contractors have also progressed with internal decoration and continue to work on the joinery, tiling and installation of the front doors

-Contractors have also made great progress on the external works of the developments: installing steps to the rear gardens and forming the access road behind the plots.

February 2019 Build Update:

– Now that the windows are fitted and the roof is on plots 1-3, the block is watertight and we can commence work inside.

-The joiners have commenced with erecting the timber studwork and the rooms are taking shape. The plumbers and electricians have commenced with their first fix work as you can see by the cables and pipework in the images below.

– The plastering contractor will soon commence with boarding and skimming the plots so that our plumbers, joiners and electricians can second fix (skirtings, architraves, fixtures and fittings) the plots ready for decoration.

– The ground floors have been screeded (levelled  in preparation for floor finishes)

– All drainage, gas, water and electric (services) have now been connected

– Plots 4-36 are currently awaiting the completion of drainage systems.

–  The foundations are complete on plots 21-33 and are awaiting completion of drainage works.

January 2o19 Build Update:  

-Building work for plots 1-3 of the development fronting Micklehurst Road are progressing to plan and internal work is scheduled to be completed by mid-April. You can see these properties in the picture recently taken below.

-On plots 4-36 (the main site of the development) the main drainage system is being established. This complicated process sees the drainage system being installed at two points on the site. Foundation works that had commenced to plots 4-36 will be placed on hold until the main drains have been installed as no heavy machinery will be able to access the site during this period.

Most Recent Development Images: