New build development of 12 semi-detached houses on the site of a former farm in Crewe.

GDV: £2,406,250

Work commenced on site: Pre-build work commenced December 2018 with work proper starting March 2019.

Status: Under construction.

Coronavirus update: As of March 2020 we have a reduced team of contractors on site for the time being. Because of the situation with the Coronavirus, we are closely monitoring government guidelines and may have to clear the site at any time.  Our QS is providing us with regular updates.  We thank investors for their patience during this difficult time.

Situation as of 27/3/2020:  As below with no change.

As of 25/3/2020 our QS has advised that a reduced team is working externally with minimal internal work being carried out.  Materials are still currently available.

Build Schedule:

As of March 2020 contractors are still working on site though we are monitoring government’s guidelines as the site may need to be closed.

As of February 2020 construction is 8 weeks behind schedule, due mainly to excessive wet weather and associated flooding issues which have been contributed to by the 2 storms in February 2020. It is expected that the programme can be pulled back for completion by the end of April 2020.

There was a delay to the original start on site due to newt trapping and local authority delays in sorting out the easement for drainage.

Recent site images can be found at the bottom of this update.

March 2020 – important note re the Coronavirus pandemic and its potential effect on reservations and sales:  Whilst our agents are still operational, they have advised there has been a drop off in enquiries across the board 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 update:

Signage is now up, brochures are printed and with the sales agents, and the first 3 properties went up on Rightmove at the end of July 2019. November 2019 we are in the process of changing estate agents and raising asking prices. The view home was scheduled to be completed by the end of January 2020.

Click here to see the latest Rightmove listing.

Fund Raises and Investor Return:

Phase/Fundraise 1: 10%
Phase/Fundraise 2: 10%
Fundraise 3: 10%

Investors capital repaid:  none to date – too early in the build process.

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.

February 2020 Site Photos:

Click here for more February 2020 site photos.

February 2020 Updates:

Works progressed well across this period.  A number of roofs were installed with first fix trades carried out in several properties.

Plots 11/12 resequenced to allow for early handover (may now change due to the Coronavirus situation).

January 2020 Update:

Additional manpower added – 3 gangs of bricklayers now on site and another gang to come on once scaffold is lifted.

Trusses on site up to plot 8

Plot 1-4: 4th lift scaffold

Plots 5-6 and 7-8: 3rd lift scaffold

Plots 9-10 and 11-12: 1st lift scaffold

Cart excavated material off site.

Cill protection installed.

Target completion for plot no 2 view home and plot 1 empty shell for viewing is 20th March 2020.

Wet weather during this period has impacted on works.

The contractors have been liasing with the neighbours as there have been a few complaints.  They are aiming to keep them better updated on work and progress.

December 2019 update:

3 gangs of bricklayers were on site in December with another gang coming in once the scaffolding is lifted.

Trusses on site up to plot 8.

Target completion for plot no 2 (view home) and plot 1 empty shell for viewing is now 20th March 2020.

November 2019 build update:

Newt trapping is now complete and area clear for works to commence

Road and sewers complete on site

Plots 3 and 4 joists have been done, scaffolding has been fitted to a number of plots.

Soft landing bags are now in place.

View home design is being worked on – the aim is for it to be completed by Christmas 2019.

Connection to main sewer should take place December 2019.

Plots 1-10 roofs planned to be complete by Christmas holiday 2019.

September 2019 update:

Build work is progressing well and marketing will commence shortly with a soft launch of the site.  The show home should be completed by the end of October 2019 at which stage full marketing of the site will commence.

Plot drainage is now complete with extra temporary site drainage installed to cope with the bad weather.  30 day newt trapping to relocate our newt commencing mid-September.  Sewer works are underway.

August 2019 update:

The following works are progressing over the next period

– Site drainage works

– Complete access to road on base level

-Attenuation tanks to be installed

July 2019 Update:

Since the last report, our contractors have completed the following works

– Plots 1-10 substructure now complete and ground slab also done, respective garage slabs also complete.

– Plots 11-12 currently used for site storage

– Drainage installed to plots 1-4 with 5-10 ongoing

– Scaffold matt is down on plots 1-4

– Brickwork has commenced to plots 1-4 – new access road works commenced

– Site entrance has been relocated

June 2019 general Update: 

Contractors have commenced on site and completed the following works:

– Excavation and concrete pour

– Block and beam to all but one block has commenced

– Brickwork build ups to allow screeding is ongoing

Works over the next period:

– Completion of excavation and concrete pour to all plots

– Sub-structure works to commence to the garage blocks – Spoil heap to be removed from site

– Commencement of drainage works

– Commencement of clearance to the easement area of the site

– New roads within site to start being formed following the temp supply for the site being moved

May 2019 General Update:

– Everything is currently running on schedule

– The site is now set up, demolition has been done and so has the site strip

– We hope to implement a property for viewings by the end of September

– Easement is due to complete on the 9th May

April 2019 General Update: 

– House demolished and drainage work is now underway

-Easement in place

March 2019 General Update:

Electrical disconnection of the farmhouse completed, meaning that property could be demolished

-Procurement is now underway

-We are now looking at ways in which we can make up for lost time (due to the re homing of the newt)

-Marketing materials are nearly ready for distribution

-There has been a great deal of interest in the development locally with regards to sales.

February 2019 General Update: 

The purchase of the site took longer than expected due to a required newt survey and the presence of a newt who needed to be rehomed(!) and the need for a drainage ‘easement’ (licence to cross their land) from the local council.  This delayed the site purchase by several months as it was originally anticipated to be May 2018.  Our contractors are aiming to claw back as much time as possible through the build and we apologise to investors for the delays.

-However, the purchase completed December 2018 and we started on site in December 2018 with demolition works.

-Terms have been agreed with a contractor who has taken possession of the site, and our first progress meeting is scheduled for mid-February 2019.

-Estate agents have just been appointed and we already have one client that wishes to reserve a plot.

-As of early 2019 we are also working on marketing material, so that we can effectively market the development in the near future.

Please find the most recent images of the development below (as of January 2020):