Virginia Water,
Surrey
Overview
Sector
Residential
Purchase Date
June 2021
Purchase Price
£5.0m
Achieved IRR
22.7%
Strategy
Fiera Real Estate
Opportunity Strategy V
Opportunity Strategy V
Alongside Danescroft, we are delighted to have completed on the sale of this site which will be providing much needed housing to the local area and has been designed to meet the local Councils housing needs. The sale has generated excellent returns for the Fund and our investors. We are launching a new residential land strategy in Q4 and we have significant funds available to invest in similar sites in the UK with the potential for future residential use, so please get in touch.
Property Company
Features
- 4.5 acre site located adjacent to the prestigious Wentworth Estate and it’s famed golf courses
- The site was allocated for residential development in the adopted Runnymede Local Plan, with a capacity of c.65 new homes
- Outline planning consent obtained for 67 units (23 affordable) and sold to Bellway Homes for £13.0m in August 2023
Purchase Rationale
- Site is located just 1 mile south of Virginia Water town where railway links to London take only 45 mins
- Virginia Water offers a wide range of amenities including excellent local independent schools
- There was a distinct lack of comparable new build schemes of this scale in the local vicinity, highlighting the uniqueness of the site
ESG
- Located in Flood risk zone 1
Location
- Trumps Green Road, Knowle Hill, Virginia Water, Surrey, GU25 4HZ
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