East Bay Mill, Colchester
A neglected site on the banks of the River Colne was an ideal spot for redevelopment. Plans were submitted for the restoration of an existing Grade 2 listed Mill into a 3-bed house together with 19 new build homes.
Site with planning permission was sold to Chelmer Housing Partnership.
| Purchase cost: | £710,000 |
| Planning and legal costs: | £282,000 |
| Selling price: | £1,500,000 |
| PROFIT: | £508,000 |
