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Coffee hour is happening in 4 days
Four Winds, Quackers Walk, London N21 2DE
As promised, I’ve uploaded all the documents I have on this site above. This one is openly marketed via Savills, so it’s not off-market. The edge here isn’t exclusivity — it’s interpretation. The Basics • Consent for 3 houses (still needs verifying but assume for now) • 2,400 - 2500 sq ft each • Small, manageable scheme • Executive end product End Values (My View) Conservative: ~£1.4m Strong market: up to ~£1.75m I would not underwrite this at the top end without strong evidence. Where I Think the Opportunity Sits 1. The GDV assumptions in the marketing feel optimistic in parts. 2. Build cost sensitivity is everything here. 3. If build cost per sq ft is controlled properly, there is margin. 4. If build costs drift — margin evaporates quickly. 5. This is not a lazy deal. It requires discipline. What I’d Be Stress Testing • Build cost per sq ft • Professional fees & abnormal allowances • Sales rate realism • Specification level vs achievable value Where I Think the Agent May Be Slightly Loose There are a couple of areas in the marketing material where I think assumptions are being presented as certainty. That’s our job — to challenge those. Sometimes value is created not by finding secret sites — but by spotting where numbers have been framed too confidently. My Early Traffic Light View......This is probably Amber. Not a walk-away and not a no-brainer. It becomes Green only if build cost discipline is real. I'm here to talk on the deal if of any interest.
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