Experienced Developer, Minimises Risks and Maximises Profits
Maximise Financial Returns When Developing Property
Vashoka Leng is an experienced property investor and property developer who first started working with Ashcroft Homes in 2017. Since then, Vashoka has completed five development projects with Ashcroft, with more in the pipeline!
Typically, Vashoka purchases a residential home which has a large front or rear garden on which a new home can be added. Following the construction of the new dwelling, the property is subdivided, and the new home is sold. The original home is either sold or added to Vashoka’s rental portfolio.
With five projects under his belt, Vashoka has a great understanding of what properties offer strong development opportunities. However, as no two sites are ever the same, he is guided by Ashcroft’s experienced team, working closely with Ashcroft Property Development Consultant Phil MacEwen.
Vashoka knows that to maximise the financial returns from developing property, it’s critical to minimise risks and have the project completed as soon as possible. It’s for this reason, that despite being an experienced developer, he chooses to work with Ashcroft Homes rather than engaging contractors directly.
The latest project involved the purchase of a 609 m2 site in Avondale.
The site contained a 3-bedroom home with a large rear garden which was an ideal size for Ashcroft’s 4-bedroom, 2.5 bathroom Camden design. Based on his previous property experience, Vashoka always includes a number of upgrades in his new build projects, helping the homes to achieve the maximum sale price. In this build, he opted for upgrades to the kitchen, bathrooms and garaging, along with extending the tiled areas, upgrading the feature lighting, adding exterior sensor lighting and installing an alarm. These upgrades added an extra layer of sophistication to an already popular design.
Vashoka was delighted with how quickly Ashcroft were able to complete this new build project and he was thrilled with the price for which it sold.
Ashcroft Homes have a great set of established plans that are well suited to smaller sites. The team are familiar with their plans and they can get the houses built quickly and to a very high standard. Rather than dealing with lots of different suppliers and companies I only have to deal with one. And as they work so quickly, I can get the new house on the market faster which is really important for cashflow.
The team at Ashcroft are fantastic and I know they are always working in my best interests. I have been working with them for many years and I’m proud to say that every project has been a success. I look forward to working with Ashcroft for many more projects in the future.
Vashoka Leng
More Clients
Landlord Building Future Income Stream
Tod Verney is an experienced landlord, owning several rental properties throughout the Auckland region. When changes to the Auckland’s Unitary Plan were introduced, one of Tod’s rental properties suddenly enjoyed significant development potential. This site in Te Atatu Peninsula originally comprised of one four-bedroom home.
Turning Grass into Gold!
Tom Tang and his wife Li Zhang had owned a large family home in Epsom for many years. They loved their home and the location. But once their children had grown, the garden was no longer getting the use it once did. The couple contemplated selling but were reluctant to move from the home they’d treasured.
“Excellent profits and a really enjoyable process!”
With the increasing demand for housing in Auckland, June and her husband Paul decided it was an ideal time to subdivide and build on land they owned to boost their retirement savings.