Pre-fabricated Bungalows to Valuable Plots

When Acorus Director Brian Barrow first inspected Mill Farm it consisted of a derelict range of buildings formerly a Pig AI unit and two small prefabricated bungalows with Agricultural Occupancy Conditions.

The challenge was to maximise the value of the site to hopefully pay off outstanding loans and give a return above this. The initial site value was insufficient.

Firstly, the agricultural occupancy conditions were addressed by proving that they were no longer justified as there was no demand for them.

Following this planning was secured for a new dwelling and a substantial conversion scheme.

The property was promoted as a development site appealing to self builders and including an option to buy a three acre paddock in addition.

Three very busy viewing days resulted in a number of offers. After careful consideration it was decided to sell the site to a single buyer at a figure that effectively doubled the initial valuations.