In November 2020, we purchased a property for £310,000 and initially submitted planning for 7 one-bedroom flats and 2 commercial units under permitted development rights, which was refused. In March 2021, we resubmitted the plans as a full application, and by April, the council approved 5 one-bedroom apartments and 2 commercial units. The strip-out began in May 2021, with works completed by December. We also fulfilled all planning approval conditions, reconfiguring the property with new power and water connections. With £200,000 spent on the project, the property was projected to sell for £1.075 million by February 2022.
Fitzwilliam Street
Featuring two commercial units and five one bedroom apartments
- 5 Bedrooms
- 360Sqm
- 5 Bathrooms
Property Timeline
Purchased
Purchased for £310,000
November 2020
December 2020
Planning Submitted
Planning submitted for 7 x 1 bedroom flats and 2 x commercial. Planning refused under permitted developments rights.
Planning Resubmitted
Re submitted drawings/plans this time under a full planning application.
March 2021
June 2021
Planning Approved
Council approved the plans but reduced by two units therefore we got approved 5 x 1 bedroom apartments and 2 commercial units.
Soft strip out commenced May 2021
Works Completed
In addition to the construction, we completed the required discharges outlined in the planning approval conditions. The works involved reconfiguring the entire property, dividing the upper floors and part of the ground floor into 5 self-contained apartments. This also included installing new power and water connections, along with individual meters.