< img src="https://www.propertywire.com/wp-content/uploads/2026/05/property-news-1777633242466.webp"alt =""> A residential or commercial property designer has actually secured ₤ 900,000 in development finance to convert a 1970s bungalow in Northwich, Cheshire into a five-bedroom home valued at around ₤ 2 million.
Charles Street Financing provided the funding to James Weston of Spencer Weston Investments, who acquired the Linnard’s Lane home in Wincham for ₤ 550,000 in 2024. The total building expense for the ten-month build stage reached ₤ 630,000.
Job scope and specs
The development included a double-storey extension with additions to the side and back of the initial structure. The finished residential or commercial property includes a kitchen area, living and dining room, separated garage, and a fitness center and games room with floor-to-ceiling windows neglecting landscaped gardens with a pond.
The works were completed under permitted advancement rights on the green belt website. Davenport Architecture and Urban Imprint Planning Professional provided style and preparing assistance for the task.
Portfolio retention method
Weston verified the residential or commercial property will be maintained within his financial investment portfolio instead of offered, showing a technique concentrated on long-term capital appreciation. This technique contrasts with the current volatility in UK home deals, which have actually been impacted by stamp duty changes in other market sectors.
“The Linnard’s Lane website offered a chance to add worth and produce a considerable executive home through upgrading an existing structure,” Weston stated. “I wanted to work with a financing partner that could support my vision, deliver a lending decision at rate, together with guarantee of funds to finish the advancement within planned timeframes.”
Tom Garthwright, advancement finance property manager at Charles Street, kept in mind that Weston’s portfolio demonstrated experience in delivering domestic developments. The case shows continued activity in the advancement finance sector despite blended signals across the broader UK real estate market.
The task represents a gross development worth boost of around 264% on the initial purchase price, though this does not represent financing expenses, expert fees, or the ten-month building and construction period.