RE: PP5 Dec 2013 08:38
<< From recent interview with Chris Johnson CEO >> Can you please explain what Trafalgar New Homes has in terms of completed properties to sell on the open market?
Following on from the completion of the sales of the properties in Edenbridge, Kent, we currently have a twelve-unit site at Oakhurst Park Gardens for sale. This development has a gross development value of circa £7m, i.e. an average selling price of just under £600,000 per house, so it is a substantial scheme for the Group.
Construction at the development is complete and we are now in the final stages of connecting all services. Marketing of the properties has started and with the finishing touches completed we are confident these properties will be sold in the early part of 2014. - - -
Can you please explain the current building and development projects in progress that Trafalgar New Homes have?
We have four sites, with planning permission, on which we intend to start development in the New Year. Two of these sites (Sheerness, a six-house site and Chatham, a three-house site) have been held in our property portfolio through the recession (having been acquired in 2007) and the improvement in the market dictates that now is the time to start construction. We also have a site for six luxury apartments in Tunbridge Wells and a pair of substantial semi-detached properties in Ticehurst, East Sussex, both ready to start development.