Single Family Housing
168-unit Turn-key Development
Investment Summary
This is a turn-key, 168-unit single family housing development in Rochester, Kent, on a brownfield site, with planning consent granted and fully implementable — no material pre-commencement conditions remain outstanding. The scheme is 100% open market. Gross Development Value is assessed at £61.36m (£60.49m net of sales costs), across 144,560 ft². Total development cost — land (inclusive of SDLT and fees), build and other costs, excluding finance — is £45.33m, implying a net development profit of c.£15.16m, a margin of 25.1% on GDV.
Asset Details
- ESTIMATED GDV
- £61.36m
- UNIT COUNT
- 168
- FLOOR AREA (ft²)
- 144,560 ft²
Development Overview
Planning Position
Planning consent has been granted for the development of 168 open-market residential dwellings on this brownfield site. The consent is fully implementable, with no material pre-commencement conditions remaining outstanding.
Development Economics
Figures from the summary appraisal, excluding finance costs.
| APPRAISAL ITEM | VALUE |
|---|---|
| Total units | 168 (100% open market) |
| Total floor area | 144,560 ft² |
| Estimated GDV | £61,360,000 |
| Estimated Net Development Profit | £15,160,000 |
Finance costs (bank interest, arrangement and exit fees) are not included in the total development cost or net profit figures above. The true net profit, once finance costs are added, will be lower than stated.
Particulars are given without responsibility on the part of PRSim or the seller/landlord and do not constitute an offer or contract. Prospective buyers should satisfy themselves as to the accuracy of all information, including price, availability, dimensions, specification and VAT position, and should not rely on computer-generated images. PRSim accepts no liability for any variation or discrepancy save where caused by its own negligence or fraud. GDV, cost and profit figures are drawn from a development appraisal and cashflow model, are pre-finance-cost estimates, and do not constitute a guarantee of achieved sales values, build costs, or programme.
