Purchase Price: £204,000

Development Costs: £300,000

GDV: £900,000

Forecasted Monthly Profit: £12,500

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The property at 12 King Square is a beautiful Grade II* listed building previously used as offices and purchased in 2018. Pam and Sean recognised the growing demand for quality serviced apartments in the area due to the number of jobs created by industry in and around Bridgwater.

 

The building comprises 5 floors, and the development converted each floor into a single, self-contained one-bedroom apartment. The project involves close liaison with Sedgmoor Council's Planning, Building Control and Conservation departments, particularly due to the Grade II* classification of the building.

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Click here to visit the website and see more stunning photos of the apartments!

 

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Details of work:

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Phase 1

• Preliminaries - erecting temporary fencing, remove hedges and planting, clearing
  debris, etc.

• Demolition works

  • Disconnect gas, water and electrical services

  • Strip out of all fixtures and fittings as necessary

  • Removal of wallpaper and plaster

  • Demolition of required walls

  • Removal of brickwork as necessary

  • Removal of doors

 

Phase 2

• Structural works

• Sound insulation

• Roof and window works

 

Phase 3

• Installation of dry lining

• Mechanical first fix

• Electrical first fix

• Plaster boarding

 

Phase 4

• Plastering

• Tiling

• Installation of kitchens, bathrooms and flooring

• Second fix carpentry

• Decoration

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