A new acquisition in Reigate

Boutique developer Life Less Ordinary continues to grow its development portfolio with the acquisition of two new sites in London and Surrey. The developer, a specialist in high quality office to residential conversions, plans to deliver 69 new homes which will utilise permitted development rights and the further development of the airspace above one of the sites. All properties plan to be available with Help to Buy.

Vale House in Reigate, Surrey, which suffers from a lack of new housing for first time buyers, will aim to deliver up to 46 one- and two-bedroom homes by reconfiguring the existing building, alongside the development of the airspace above. The site, which has been acquired for £5.25m, w ill be spread across four floors and bring much needed new homes to the area that will be available on the government’s Help to Buy scheme.

Located in central Reigate just moments from the High Street and station, the medieval market town is home to an abundance of independent businesses including a range of fashion boutiques, restaurants and independent cafés, as well as popular high-end chains such as Whistles and Jigsaw. Reigate is also surrounded by beautiful green space, with the town centre nestled between Priory Park and the Castle Grounds. National Trust site Reigate Hill is also just a short walk away, offering beautiful views across Surrey.

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The acquisition is further testament to our business model of undertaking successful office to residential conversions to deliver functional, high-quality new homes for first time buyers.

Hinesh Chawda, Director

Alexander House in Ruislip has also been acquired for £3.125m, with the help of ADS Real Estate Advisors. The
site, which has prior approval for 23 one- and two-bedroom apartments, will shortly undergo a minor material
amendment in planning and thereafter begin construction, also retaining 2000 sq ft of commercial space on the
ground floor. This is the fifth site in the wider Ruislip area th at the developer has acquired in the last 3 years,
with over 170 units already delivered or in construction across the other four sites.

Located just a two-minute walk from Ruislip Manor Tube station in zone 5 of London, the Piccadilly and
Metropolitan lines provide journeys to Heathrow and Baker Street in just 25 and 28 minutes. The wider Ruislip
area is home to a wide-ranging mix of cafes, restaurants and ch arming pubs, and further benefits from an
abundance of open green space including Ruislip Lido, a 60-acre lake with its own sandy beach, and Colne
Valley Regional Park, which has an abundance of rivers and natu ral lakes.

Both schemes will be designed and generously specified to a high contemporary new homes standard,
synonymous with all Life Less Ordinary developments. Construction will commence over the next few weeks
with completion expected in the summer of 2021 for both developments.

The views from Reigate Hill are exceptional and stretch across Greater London.