St Andrew's Street
- In a site-assembly deal, MRP acquired two neighbouring sites on St Andrew's Street, Northampton, a surface car park for a builder's merchants and two adjacent Victorian terraced houses. The total acquisition price was £330,000.
- Following extensive consultation with the planning authority, planning permission was obtained for a six-storey block comprising 28 one and two bed apartments with 50% parking provision in a full undercroft.
- The site was acquired by East Midlands Housing Association for a mixed private and affordable housing scheme and development was completed in 2008.
- The EMHA land acquisition price of £938,000 was 2.8x acquisition value and the time between acquisition and sale was less than 15 months, generating a project IRR of over 200% after costs.
Images
A CGI image of the proposed scheme for planning purposes
A planning drawing of a typical floor
A balcony detail
The completed scheme.
Recent Projects
Hinckley Hub
A major new development for Hinckley comprising affordable housing and a new public sector hub with Hinckley Borough Council as anchor tenant.
The Last Drop
A refurbished public house providing retail and residential accommodation with new build housing to the rear.
St Andrew's Street
An edge of town car park becomes a six-storey block of affordable housing for EMHA.
Cole Street Studios
The refurbishment and conversion of a long-leasehold period warehouse to multi-let offices.
