Grade II Listed Townhouse Purchased at Savills Auction in Bath
£640,000 · 9 months · 0.93% pm. A developer purchased a Grade II listed Georgian townhouse in Bath at a Savills property auction requiring full restoration.
The Client
Developer
The Challenge
A developer purchased a Grade II listed Georgian townhouse in Bath at a Savills property auction requiring full restoration. Listed building restrictions, the specialist nature of the works, and the auction timeline combined to make standard lending impossible.
Our Solution
Doulton's heritage experience allowed a rapid assessment of the listing restrictions, approved contractor list, and restoration scope. A £640,000 auction finance facility was confirmed within 18 hours of the auction and completed within 25 days.
The Outcome
Property purchased within the auction deadline. Restoration completed to an exceptional standard. Property sold to a private buyer at full asking price at month eight, generating a strong developer margin. Key highlights: Grade II listed property accepted; £640,000 confirmed within 18 hours of auction; Exceptional restoration - sold at asking price.