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: December 2018

Status: Under construction (as of end of January 2019)

Investor return:

phase 1: 10%

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

General update: 

Our purchase of the site lasted longer than expected due to a required newt survey (!) and the need for a drainage ‘easement’ (licence to cross their land) from the local council.

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

Contract has 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 wants to reserve a plot.

We are also working on marketing material, so that we can effectively market the development in the near future.