Tight Space, Small Access? No worries!
Considerations when developing property
A valued Ashcroft Homes client purchased a new property with the intention of developing the site, adding a new home which could later be sold. The property comprised of a three-bedroom home with land at the rear where the client planned to add the new home. The existing house was tenanted and it was ideal if the tenancy could stay intact throughout the build to provide the owner with a steady income stream. However, the available land was a tight space.
After reviewing the site, the Ashcroft team concluded that a new five bedroom Rocheford home could be built at the rear. However a couple of small challenges presented. A separate driveway would be required for the new home and this would require a street crossing. The natural position for this new crossing would involve removal of a tree on the berm. After preparing a Resource Consent application and presenting their arguments, the Ashcroft team successfully gained permission for the additional street crossing and removal of the tree.
Ashcroft’s Rocheford design would provide the client with the largest house possible on this land, optimising the resale value. While this design made very good use of the site, it did mean there was little spare land for storage of materials during the build, potentially causing an issue for the tradies onsite. The Ashcroft Project Manager’s solution was to reorganise the project’s material delivery schedule, so more frequent but smaller deliveries could be made which addressed the storage issue.
The project ran to schedule and on conclusion, the client sold the newly built Ashcroft home, retaining the original rental property for their own property portfolio.
The client told us they were extremely impressed with the speed and quality of construction and enjoyed the frequent and clear communication they received from Ashcroft throughout this development project.
They have now purchased further properties and have again engaged Ashcroft Homes to assist with these developments.
More Project Insights
Staged for Success: Risk-Smart Strategy for a Shifting Market
Our client purchased a 1,467m² property with an existing home back in 2016 and a clear goal from the outset – to fully develop the site for maximum value. With guidance from their Ashcroft Property Development Consultant (PDC) they mapped out the full development potential from the outset, ensuring every square metre was maximised.
When Two Becomes Eight – Quadrupling Rental Potential!
A client approached us seeking development options for a rental property of 1,012 sqm section that hosted two brick and tile units. After reviewing the site for its build feasibility, the Ashcroft team concluded that the two units could be replaced with eight new terraced homes!
Downsize Garden, Upsize Bank Account
Our client 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, and it was time to downsize and put that land to better use!