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– what do you think?
Target Five’s partnership new build development with Chesterman Homes, has now completed!
Arundel Road, Angmering, Littlehampton. Chesterman Homes secured this off market development opportunity on an option.
The development of x2 4 bed semi-detached houses began in March 2020 but as soon as it started it, construction stopped due to the Covid-19 pandemic. Works restarted in June 2020.
About:-
These impressive homes are situated in the picturesque village of Angmering, with easy access to the village centre. The bright and spacious accommodation comprises living room, family room being the width of the house leading onto the garden, consisting of open plan kitchen/dining room with utility room and a separate wc. Upstairs, there are four bedrooms with en-suite shower room to the master bedroom and a family bathroom. Outside, there is off street parking for two vehicles and a generous westerly aspect rear garden.
Facts and figures:
Purchase – £250,000
Planning – £50,000
Build Cost – £500,000
GDV – £950,000 (£475,000 each)
Profit – 200,000
ROI – 21%
Both new properties were sold off plan