Demolition and Rebuild of Redundant Farm Buildings into Four Homes in Shropshire
£870,000 · 16 months · 1.02% pm. A farmer-turned-developer had obtained consent to demolish a cluster of redundant agricultural buildings and construct four substantial detached homes in a sought-after Shropshire vill...
The Client
Farmer-turned-developer
The Challenge
A farmer-turned-developer had obtained consent to demolish a cluster of redundant agricultural buildings and construct four substantial detached homes in a sought-after Shropshire village. Rural development finance was proving difficult to source.
Our Solution
Doulton's underwriters assessed the rural market carefully using local comparables and agreed a £870,000 development facility. Build risk was managed via a fixed-price building contract and regular site monitoring.
The Outcome
All four homes completed to a high specification. Two sold prior to completion at full asking price and two sold within six weeks of PC. Net developer profit exceeded the initial appraisal. Key highlights: Rural development accepted with strong local comparables; Fixed-price contract reduced build risk; Two units sold pre-completion.
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