80 London Road Peterborough

In January 2020, after three years of negotiations, we secured a prime parcel of land in Peterborough for £900,000. The site, held by the same family for over a decade, is strategically located across from Fletton Quays—part of a £200 million regeneration project. With further developments, including Peterborough University and a new football stadium just a 15-minute walk away, this investment is poised for strong returns, driven by rising housing demand from global buyers.

The site had planning approval since 2008, though several conditions remained. Originally contracted with Thiink Property, the project stalled, leading us to take control after 18 months of delays. This marked our first ground-up development—a daunting but necessary challenge.

COVID-19 further complicated the process, causing material costs to spike by 40%. Despite these obstacles, we moved ahead, though the initial estimated build cost of £2.2 million eventually climbed to over £3.5 million due to contractor-related challenges. Reflecting on the experience, we now have an in-house team that significantly reduces costs and ensures tighter project control.

Despite the difficulties, the final product stands as a high-quality asset for the new buyer. You can explore the timeline and images for a full view of the build, which officially began in September 2022.

Property Timeline

Purchased

January 2020

Pre works Commenced

The initial site clearance began on January 23rd, 2020. All pre-commencement conditions required by the planning authorities, such as drainage, water testing, archaeology, boreholes, and finished materials, had to be completed before construction could begin. However, due to complications from COVID-19 and professionals being unable to attend the site, the process took over 24 months to complete.

Works Commenced

Works began with clearing the site, preparing it for footings to be dug and poured, and installing underground drainage and ducting. We collaborated closely with architects, structural engineers, drainage specialists, and groundsmen to ensure everything was in place for the next phase of construction.

September 2022

November 2022

Works Continue

In November 2022, the first few lines of bricks and blocks were laid, setting the stage for the block and beam installation. Cranes were brought in, and the entire ground floor was completed within two weeks. By Christmas, the bricklayers were in full force, making significant progress. Jan 2023 – Ground floor bricked, window and doors cavities in move to first floor. March 2023 – All internals walls on the ground floor built and cast concrete floors and the above craned in.

Plans

A CGI has been created, showcasing the exciting plans for this fantastic development, offering a detailed preview of what’s to come.