We found this property through a local agent, which was an unmodernised 3 bedroom semi-detached house, in a fantastic location opposite the newly developed West Way Square in Botley.
Through a gross development value optimisation appraisal and feasibility exercises, approval was gained to extend the previously under-utilised area. We added an additional 387 square foot to the property, creating an exceptional ground floor and duplex flat, with private amenity spaces and on-site parking.
As well as maximising the development value of the property, we set out to create a dynamic yet sympathetic contemporary scheme, respectful to both the scale and size of the nearby buildings. Internally both flats were bright, light filled and open-plan spaces that have been finished in a clean and minimalist style. We used high quality, neutral interior details throughout.
Converting an existing house to flats naturally comes with its challenges. We had to ensure the compartmentalisation of each flat complied with the various Building Control regulations. Without this we wouldn’t have been able to secure a 10-year structural warranty, which is a requirement for a potential buyers mortgage provider.
The flats were put back onto the open market, where both were sold to first time buyers, achieving a gross development value of £643,000.
At Park Town Property, we take pride in our entrepreneurial approach to problem solving, every decision is taken from the perspective of a principal. A clear process allows us to not only keep the client engaged, but also maximises the return from any opportunity.
