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A Platinum Property Academy network deal
Commercial to Residential · Commercial Unit · 11 units
Listed 9 Oct
Figures provided by the sourcer
EXCITING DEVELOPMENT OPPORTUNITY – STANLEY, COUNTY DURHAM Potential £250,000 - £320,000 Gross Profit ROI: 39.7% - 50.8% An exciting opportunity for developers and investors to acquire a substantial former care home with significant residential conversion potential. The property extends to approximately - 715m², currently classified as C2 use, with initial architectural drawings prepared by Pyramid Architecture for a proposed conversion into 11 self-contained apartments. THE NUMBERS - Purchase Price: £180,000 - Estimated Development Costs: £450,000 - Total Investment: £630,000 - Estimated GDV: £880,000-£950,000 - Potential Gross Profit: £250,000-£320,000 - Gross ROI: 39.7%-50.8% TWO POTENTIAL EXIT STRATEGIES Develop & Sell: Convert into 11 apartments and sell individually, targeting the projected £880k GDV. Develop & Hold: Potential rental income of £66,000–£72,600 annually, based on £500–£550 pcm per apartment, representing a 10.5%–11.5% gross yield on the stated budget. KEY HIGHLIGHTS ✔ Substantial existing building ✔ Attractive purchase price ✔ Architectural drawings prepared ✔ Significant capital uplift potential ✔ Multiple investment exit strategies Full details and drawings available on request. Register interest to discuss! Subject to planning, valuations and due diligence. Returns exclude additional fees, finance, contingency and tax.
What you would need in the bank to complete, depending on how you buy.
An estimate from typical costs, not a quote, an offer of finance or financial advice. Purchase tax is at the rates for an additional property where the postcode area is, as at October 2026; a lender may lend less than shown. Check the figures with your broker and solicitor before you commit.
The evidence behind these figures. Lewis Dawson shares the full pack once you reserve the deal.
Founder of Platinum Property Academy. 600+ property deals completed, 200+ investors supported and £57M+ of client assets created, alongside a £5.2M personal portfolio.
“From the outset, Lewis was clear about the potential of the project, including the expected development costs, rental potential and target end valuation. I’m pleased to say that, following completion of the development and refinance, we achieved the GDV that was projected at the start of the project.”
“Communication was seamless throughout the entire journey. The staff was always prompt, responsive, and transparent, making sure I was well-informed and comfortable at every stage.”
Public register checks relate to the registrations shown. The sourcer keeps responsibility for their regulatory duties and investor checks.
Investors should carry out their own due diligence before proceeding with any investment.