Updated: Mar 1
Whilst our main focus is acquiring properties for homeowners we also source properties for developers. Below is a list of a few of the development opportunities we currently have access to. Our CEO Fraser Slater is a former real estate analyst and can produce detailed project appraisals, cash flows, IRR and RoE forecasts for each asset. By modelling each asset we can provide an objective opinion, showing you at what price we think each opportunity makes sense. After all, buying well is fundamental to successful property development!
Please note full details are available to our retained clients only. Please contact us on 0207 889 2860 or email us at email@example.com to find out more:
Chelsea: Site with Planning Permission to create Luxury Apartment Block
26 Luxury Apartments
Approx GIA: 40,000 sq ft
Guide Price: £50m
Approx GDV: £120m.
There may be scope to modify planning permission.
Knightsbridge: Two terraced houses with Development Potential
Potential to refurbish, extend and create lateral apartments across both blocks (STPP)
Current GIA: 10,000 sq ft
Approx GDV: £23-25m
Mayfair: Mews house with potential to extend.
Current GIA c3,300 sq ft. Proposed GIA c5,000 sq ft
Exceptionally rare - direct access to communal garden square.
Approx GDV: £18m
South Kensington: Bank Repossession of Part Developed House
Planning Permission granted for luxury 5 bed house.
Shell and core condition.
Proposed GIA: 6,000 sq ft
Asking: OIEO £4.5m
Approx GDV: £11m
Reading: Repossession of Part-Developed Block
Part Complete Apartment Block of 60 unit near Reading
Estimated Rental Value: c£670k
Approx £350k of works outstanding.
Asking OIEO £10m.
Implied Yield 6.7% at the ask.
Potential to seek secure income stream via local housing association.
Highgate: Site with planning for 7 new build prime houses.
Proposed GIA: 7,400 sq ft.
Asking price: OIEO: £3.75m
Approx GDV: £9m
Belgravia: townhouse on the edge of one of London’s finest squares.
Refurbishment and reconfiguration opportunity.
GIA: 2,800 sq ft
Guide price: £5m
Approx GDV: £6.5m
Bayswater: 2 mews houses with development potential
Existing GIA: c2,000 sq ft
Proposed GIA inc basement and 2nd floor (STPP): approx 3,500-3,800 sq ft
Guide Price: £2.5m
Approx GDV (STPP): £5m
Last Update: 26.02.21
About: Ludgrove is a research-driven London property buying agency, sourcing properties for home-owners, investors, family offices and developers. The company is the only UK buying agency that conducts in-depth research into the Prime London property market and their research regularly features in The Times, Forbes Magazine, Property Week, PrimeResi, Mansion Global and others. As well as conducting searches for homeowners, Ludgrove sources and appraises off-market apartment blocks and development opportunities, adding considerable value to Investors and Developers. The agency is ranked one of the top UK buying agencies by Prime Resi. CEO and Founder Fraser Slater is a former Real Estate Analyst and Fund Manager. His former fund WDB Capital was one of the best performing Funds in Europe during the Financial Crisis. Co-Founder Isabella Slater is an interior designer.
43 Berkeley Square
London W1J 5AP
Tel: 0207 889 2860
Disclaimer: Ludgrove Property Limited is not authorised or regulated by the Financial Conduct Authority (FCA) and we do not provide any financial or investment advice. We recommend that any property investor seeks appropriate professional advice before entering into any contract, and we would also advise that the value of any investment can go down as well as up and that you might not get back what you put in. You may have difficulty selling a property investment at a reasonable price and in some circumstances it might be difficult to sell at any price. We would urge you not to invest unless you have carefully thought about whether you can afford it and whether it is right for you, and if necessary to consult with a professional advisor in accordance with the Financial Services and Markets Act 2000. All information is provided strictly as a guide only, is subject to change without prior notice and does not constitute an offer of investment. The Ludgrove website should not be regarded as an offer or solicitation to conduct investment business, as defined by the Financial Services and Markets Act 2000. Investors who are resident in or citizens of countries other than the United Kingdom may be subject to local restrictions. In particular, no offer or invitation is made to any US persons (being residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof), who are excluded from the services offered in this site. The information on this website and our publications has been obtained from sources which we believe to be reliable and accurate, but without further investigation this cannot be warranted.