Cumber Lane Property Development Wilmslow
Set back off cumber lane in a much favoured south Wilmslow address, a collection of four attractive contemporary styled new-build semi-detached homes constructed through our development company ‘Cumber Lane Partnerships’.
This site was originally a bungalow, which we purchased through a normal sale from a local estate agent.
The seller agreed to wait until we had planning permission confirmed for four houses and then we agreed to purchase the site at a cost of £950K (plus SDLT of £57K).
While taking a little bit longer than we had originally planned to bring to the market we are very pleased with the final product. For those interested in the numbers they are broadly set out below. Always happy to discuss the finer detail of the funding should the reader be interested.
Purchase Price £950K
Professional Fees £60K
Finance Costs £100K
Build Costs £800K
Shared Costs £25K
Total Development Costs £2.067M
Total Development Value £2.7M