Commercial to residential conversion
The Coach House, Plymouth
Converted into a single high specification residential home.
Purchase price
£80,000
Cost of works
£250,000
GDV
£750,000
Profit
£420,000
Key features
- Commercial warehouse to residential
- Luxury home
- High end finish
What the property was
A redundant commercial warehouse with no residential use.
What changed
Converted into a single high specification residential home.
What value was created
A unique residential asset created from an overlooked commercial building.
Before and after
Before
After
Profit figures shown reflect GDV minus core project costs. Additional acquisition costs, finance costs, professional fees, tax and investor specific costs may vary and are not included in these high level illustrations.