It's always incredibly satisfying when a seller comes back to us with repeat business as was the case with this tidy consented development site in Crystal Palace with permission to build five apartments.
Knowing from previous experience that we were the best agents for the job our clients got in touch prior to grant of planning permission, furnished us with the relevant planning documents and asked us to advise them on the likely market value of the site with consent. Following advice from both our New Homes Division and our local Crystal Palace branch (located yards away from the site) on the likely value of the finished units we undertook an appraisal of the sites likely market value which was relayed back.
Upon grant of planning, our London Bridge development team were formally instructed and quickly set about a high profile marketing campaign which ultimately lead to us concluding a deal at a very robust figure which represents over 40% of the GDV!
In the current climate expert market knowledge is essential, and with boots on the ground in 33 High Street branches across South East London and North Kent, as well as a dedicated New Homes team, the detailed knowledge within the company of the local re-sale market is second to none! This market coverage not only helps our Division to deliver accurate land appraisals but also helps to give development buyers the necessary comfort on their likely exit values all of which only helps us to ensure we continue to sell our consented sites for premium prices… time and time again.
If you have a development site that you would like to achieve maximum value for please get in touch - we really do add value!
PROJECT ADDRESS: Land Adjacent to 16 Beardell Street, Crystal Palace, London SE19 1TP
CLIENT: Private Investment Fund
SALE PRICE: £975,000