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Dorking Road, Guildford

Purchase Price

£550,000

Build Costs

£485,000

GDV

£1,500,000

Gross Profit

£465,000

The project involved securing planning permission to demolish the existing dwelling and undertake the development of a pair of semi-detached houses. The initial GDV was projected at £1,300,000; however, due to strong demand for new housing in the area, off-plan sealed bids were received, with the final bid securing both units at a GDV of £1,500,000 ahead of completion. The original build cost was £450,000, with cost efficiencies achieved through strategic procurement, including the early purchase of the timber frame before price increases. The project was successfully delivered without utilising any contingency.

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