Our clients in this matter acquired the property with every intention of undertaking its redevelopment themselves. They discharged conditions, demolished the derelict bungalow that previously sat on the plot and even paid the CIL bill. Their circumstances changed though, and our development team was appointed to manage the sale.
Grove Park is in the heart of our patch, and the site had an extant consent for a four storey block comprising 5 spacious self-contained apartments. Our New Homes team have recently sold out two similar sites less than half a mile away, so we had our finger on the pulse in terms of values. Consented sites remain in high demand and we have over 17,000 buyers on our database, so what could possibly go wrong!?
Nothing of course! Our marketing attracted strong interest, and we quickly went under offer at a premium price. We had the momentum to push the preferred buyer to exchange contracts promptly, and he duly obliged in less than 10 days. Completion took place without a hitch at £775,000; reflecting a residual land value of 40% of the GDV.
We're confident that no other agent has sold more development sites in South London than us. We've been the market leaders for over 20 years, so if you have a site to sell and want to achieve the best price please get in touch.
PROPERTY ADDRESS: 94 Chinbrook Road, Lee, London SE12 9QW
