March 2014




Conversion of a large detached 6 bedroom house in a sought-after area of St Leonards.

The building was gutted and redeveloped with new floors, windows, central heating, total rewire, finished with new plaster throughout and decorated. The final result was 4 luxury period flats that integrated features from the original building.

Purchase price: £325,000
Development costs: £115,000
Development time: 6 months
Sales forecast: £600,000

Profit: £160,000 = 36% = 6% Per Month