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May Project Update: New Completions, Planning Wins & Specialist Housing Progress

Updated: Sep 29


May has been another active and productive month across our projects, with one new site completed, another weeks from resale, and major steps forward on our supported housing schemes.

 

We’ve also seen exciting results from our first solar battery install in Portsmouth, exchanged on new developments in Brighton, and begun work on future planning submissions in Kent. With completions, new acquisitions, and strategic planning advances, we continue to expand our footprint across the Southeast.


Here’s a breakdown of what’s been happening across our sites, what’s new in the pipeline, and what’s coming next.


Please click on the arrows to expand and see our projects.



Current Projects


Wigan: Tudor House Hotel

We’ve appointed our preferred contractor and will be starting on site in June. Final touches to the spec and value engineering are being signed off, and we’re just weeks away from beginning to bring this 15-bed co-living scheme to life.


Click HERE to learn more about the project.




Kent, Sittingbourne: London Road (HMO #2)

Works are underway following strip-out. Archaeological conditions have been signed off, and a planning application is being prepared for a block of flats at the rear of the garden.


Click HERE to learn more about the project.


Brighton Flip #1: Terminus Road

We’re around two weeks away from completion. The property will be brought to market by the end of June for pre-sale. It’s looking great, and we’re optimistic about the result.


Click HERE to learn more about the project.

Brighton Flip #2: Shaftesbury Road

We’ve exchanged and completed on a one-bed flat, which we’ll convert into a two-bed. We’ve also acquired a share of the freehold. Works started this week with asbestos removal and strip-out underway. The build is expected to take around three months.


Purchase Price: £147,000

Anticipated GDV as a 2-bed: Late £200Ks to early £300Ks




Supported Housing Developments


Bognor Regis: Site #1

We’ve officially exchanged on our first specialist supported housing scheme. We secured improved lease terms with a national registered provider and local care provider, boosting our projected GDV by an additional £100,000.


Planning is expected to go through this month via prior approval, with works commencing late July or early August. The property will deliver six self-contained supported flats.


Specialist supported housing scheme begins with Aura Ventures.

Bognor Regis: Site #2

We’ve received pre-app feedback. While unit numbers have been supported, design elements require revision. These changes are manageable, and we’re preparing to submit the full application.


The vendor has made some last-minute adjustments to terms which we’re working to resolve. Once agreed, we’ll exchange subject to planning and move forward with submission.



Recently Completed Projects


Portsmouth: London Road

This project is now complete and will soon be showcased with photos and video content. This marks our first installation of solar and battery storage, and the performance has exceeded expectations. The system is already selling energy back to the grid during the day and recharging by night – a real step forward in energy-efficient co-living.


Click HERE for last project update.






Strategic Progress: New Deals in the Pipeline


We’re actively progressing two new deals in Brighton. Both involve HMO conversion and title splits, and while heads of terms were agreed, further due diligence has revealed more extensive works than anticipated.


We’re currently renegotiating to ensure the projects remain viable. These could represent strong value-add opportunities if aligned correctly.



40-4-40: What May Delivered


  • One project completed and garnering tenant interest (Portsmouth)

  • Multiple schemes on site and moving quickly (Brighton, Kent, Wigan)

  • First specialist supported housing scheme exchanged with GDV uplift

  • Solar performance exceeding expectations

  • New deals progressing behind the scenes


We’re heading into June with real traction and several milestones ahead. Thanks for following the journey — and as always, if you want to discuss how we’re delivering these projects or what we’re working on next, get in touch.



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If you’re interested in getting involved with one of our current opportunities or would like to explore passive or joint venture options, we’d love to hear from you.


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