Property Summary
Foxley Lane - Purley
Return
38%
Term
18 months
Property Details
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) |
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