Conversion of Grade 2 Listed Property in Burwash

| 18th October 2015 | 0 Comments

Conversion of a Grade 2 Listed part Commercial and part Residential property into 2 Houses and 2 Flats.

The Cornstores Development, High Street, Burwash, East Sussex

I found this property in Summer 2005 . I was viewing an old Forge in Lamberhurst with a representative from Humberts Estate Agents when he told me about The old Farleys hardware store in Burwash that had been forced to close. The Grade 2 Listed Property had been on the market for some time but had not sold as the roof was in very poor condition.

 

Grade two listed conversion of the Cornstores Burwash - The main building

The Cornstores development, Burwash – The Main Building

 

Grade two listed conversion of the Cornstores Burwash - Garanru before conversion

The Cornstores development, Burwash – The Granary Barn

 

I viewed the property which was made up of a triple fronted shop on the ground floor facing the High Street, first floor residential accommodation and a detached barn to the rear.

This was great. I could see real potential. I could at least get 3 properties out of it….a House, a flat and the Granary.

I met my Architect on site and he told me I could get two 2 bed flats, one 3 bed house and a detached 2 bed barn from the development. Music to my ears.

I offered £380,000 which was accepted.

I needed to complete the sale on the Oast House before I could proceed so the pressure was on.

I delayed the purchase as long as I could and met Planning and Conservation officers on site with my Architect to agree a scheme for the property before I actual put forward my planning application. I also obtained a condition survey.

The vendors did not seem in any rush to complete the purchase which was great.

I put in my full and listed planning application and by the time I was put under any pressure by the Estate Agent to exchange contracts I was only a couple of weeks away from obtaining a positive decision. This was an almost perfect scenario as the moment I completed the purchase I would be able to get on with discharging the conditions and carrying out the conversion.

The condition survey had highlighted many issues with the property; I was able to use this to re-negotiate the price down by £20,000 to £360,000. I then exchanged contracts.

The development took from November 2005 to August 2006.

I put the 2 flats on the market at £205,000 each and they sold very quickly.

The house, which we called Farley House, was put on the market for £295,000 and we sold at £289,000 in April 2007. Not as quick as we would have liked.

The barn which we called the Granary was sold for £250,000 early 2007.

The total sales = £944,000.

The purchase was £360,000; the development costs were £350,000

Profit = £234,000…..happy days.

Here are some photos of the project which should provide you with an idea of what was involved.

 

Grade two listed conversion of the Cornstores Burwash - Farley House Stairs - before conversion

The Cornstores development – The stairs location in Farley House before conversion

 

Grade two listed conversion of the Cornstores Burwash - Farley House Stairs - after conversion

The Cornstores development – The stairs location in Farley House after conversion

 

Grade two listed conversion of the Cornstores Burwash - Farley House - Kitchen before conversion

The Cornstores Development – Farley House Kitchen location before development

 

Grade two listed conversion of the Cornstores Burwash - Farley House - Kitchen after conversion

The Cornstores Development – Farley House Kitchen location after development

 

Grade two listed conversion of the Cornstores Burwash - Farley House Living room before conversion

The Cornstores Development – Farley House Living Room location before development

 

Grade two listed conversion of the Cornstores Burwash - Farley House Living room after conversion

The Cornstores Development – Farley House Living Room location after development

 

Grade two listed conversion of the Cornstores Burwash - Roof being stripped

Cornstores Development – Oak structure being stripped

 

Grade two listed conversion of the Cornstores Burwash - oak roof structure

Cornstores Development – Oak structure exposed

 

Grade two listed conversion of the Cornstores Burwash - Roofing

The Cornstores Development – Roofing – celotex warm roof installation

 

Grade two listed conversion of the Cornstores Burwash - Roofing

The Cornstores Development – Roofing – celotex warm roof installation

 

Grade two listed conversion of the Cornstores Burwash - Roofing

The Cornstores Development – Roofing with peg tiles

 

Grade two listed conversion of the Cornstores Burwash - Blocking up a door

Cornstores Development – opening being blocked

 

Grade two listed conversion of the Cornstores Burwash - Farfley House bedroom after conversion

The Cornstores Development – Farley House bedroom

 

Grade two listed conversion of the Cornstores Burwash - Farfley House bedroom after conversion

The Cornstores Development – Farley House bedroom

 

Grade two listed conversion of the Cornstores Burwash - Granary after conversion

The Cornstores development – The Granary Barn after development

 

Grade two listed conversion of the Cornstores Burwash - Granary after conversion

Then Cornstores development – The Granary Barn after development

 

Grade two listed conversion of the Cornstores Burwash - View acroos front of property

The Cornstore development – The High Street View

 

Grade two listed conversion of the Cornstores Burwash - Farley House front elevation

The Cornstores Development – Street view of Farley House

 

Grade two listed conversion of the Cornstores Burwash - Farley House - Flat 1 terrace

Flat 1 The Cornstores – Outside terrace

 

Grade two listed conversion of the Cornstores Burwash - Farley House - Flat 1 Living Room fire place after conversion

Flat 1 The Cornstores – Living Room fire place

 

Grade two listed conversion of the Cornstores Burwash - Farley House - Flat 1 Living Room after conversion

Flat 1 The Cornstores – Living Room

 

 

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Category: Construction Phase, Finding a Property, My Projects, Negotiating and Buying a Property, Property Developing, Property Professionals, The Cornstores - Burwash

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