Land Agent and Property Development CompanyLand Agent and Property Development CompanyLand Agent and Property Development CompanyLand Agent and Property Development Company
  • Home
  • About Us
    • About CPG
    • Our Guarantees
    • Covid-19 Policy
  • Our Services
    • Land Owners
    • Property Owners
    • Property Professionals
    • Property Consultancy
  • Acquisitions
  • Investors
    • Investing with CPG
    • Case Studies
  • CPG Blog
  • Contact Us

New Build – Completed 2017

    Home Case Studies New Build – Completed 2017

    Irene Road, Orpington was a 4 bedroom detached bungalow. Our goal with this project was to demolish the existing property and build two new large executive homes. The property was purchased in 2014 and we applied for planning permission soon after buying the bungalow. This was initially rejected, but we appealed and obtained the necessary planning permission in 2015.

    Soon after planning permission was granted we got to work on the demolition. At the end of 2016 we had demolished the existing property and built two new executive homes. You can see from the before and after photographs that this was a mammoth project. This was yet another triumph for us and our expert team of contractors.

    Both of these new properties sold pretty quickly after building. They were extremely well built and no expense was spared to make these very attractive executive homes. The build costs were significant but it was worth it to realise the profit that we did.

    Irene Road 008
    Irene Road 008
    IMG_1697
    IMG_1697
    irene-road
    irene-road

    Here are the project financials

    Costs Summary
    Purchase Price: £600,000
    Build Costs: £851,000
    Professional Fees and Financing: £276,750

    Total Costs: £1,727,750

    Gross Development Value
    Sold Price: £2,100,000

    Investment Returns
    Project Profit: £372,250
    Profit on Cost: 21.5%

    OUR MEMBERSHIPS…

    Land Agent and Property Development

    Registered in England and Wales No: 09252187

    OUR LATEST NEWS…

    • property investment jargon

      Property Investment Jargon Explained: Full A – Z List

      Like many industries, the world of property investment is littered with jargon.

      9 April, 2021
    • Kent villages that are good for London commuters

      Kent To London: The Best Kent Commuter Towns and Villages [2021]

      I think you will agree with me when I say: London’s house

      9 April, 2021

    OUR CONTACT DETAILS…

    Creative Property Group
    Letraset Building, Wotton Road, Ashford, Kent, TN23 6LN

    Phone Number
    0800 488 0027

    Email Address
    [email protected]

    Click here for our Covid-19 Policy

    © 2021 Creative Development Services Limited | Land Agent and Property Development Company | Privacy Policy | Terms and Conditions
    • Home
    • About Us
      • About CPG
      • Our Guarantees
      • Covid-19 Policy
    • Our Services
      • Land Owners
      • Property Owners
      • Property Professionals
      • Property Consultancy
    • Acquisitions
    • Investors
      • Investing with CPG
      • Case Studies
    • CPG Blog
    • Contact Us
    Land Agent and Property Development Company

    COVID-19 Update and Cookies

    The team at Creative Property continue to work from home where possible and ensure we comply with current government and public health guidance to help keep everyone safe and well when out on site. Cookies help us to improve the service we offer you. For more info on our cookie policy please click here.