Foxley Lane, Purley
Purchase of an unused car home with view to achieve planning for change to residential status and a scheme of 12 apartments.
Financials
Site development value | £1,500,000 |
Land cost | £800,000 |
Acquisition costs | £64,000 |
Planning and design fees | £88,500 |
Disposal costs | £21,400 |
Total Costs | £973,900 |
Gross Profit | £526,100 |
Net profit to investor | £368,270 |
Profit on investment | 38% over 18 months (24.5% annualised) |