Social Housing Development Restoration Project in Exeter
Background:
A 38-bedroom social housing property split between 11 flats and 4 houses in a dilapidated condition in the heart of Exeter. The property, with a rich history and architectural significance, was in dire need of restoration to bring it back to its former glory. AMPM saw an opportunity not only to revitalise the property but also to contribute to the local community by converting it into a care facility, addressing the critical need for affordable housing and care services in the area.
Challenges:
- Dilapidated Condition: The property was in a state of disrepair, requiring extensive renovation work to restore it to a habitable and aesthetically pleasing condition.
- Environmental Concerns: AMPM were committed to ensuring that the renovation project was conducted in an environmentally friendly manner, minimising waste and utilising sustainable building practices.
- Regulatory Compliance: The project needed to adhere to local building codes, planning permissions, and health and safety standards.
Strategy:
- Restoration and Renovation: AMPM embarked on a comprehensive restoration project, focusing on preserving the property while modernising its infrastructure to meet the needs of a care facility.
- Sustainable Practices: The company implemented sustainable building practices such as energy-efficient systems, water conservation measures, and the use of eco-friendly materials to reduce the project’s environmental impact.
- Community Engagement: AMPM collaborated with local authorities, community organisations and care service providers to ensure that the renovated property would meet the needs of the local community.
Results:
- Property Revitalisation: The restoration project successfully brought the property back to its former glory, preserving its significance while creating a modern and comfortable care facility.
- Environmental Impact: By incorporating sustainable practices into the renovation, AMPM minimised the projects environmental footprint and contributed to the company's commitment to environmental sustainability.
- Community Benefit: The converted care facility now serves as a valuable resource for the local community, offering much-needed affordable housing and care services to residents in Exeter.
- Financial Returns: The project added significant value to the property assets, attracting investors who recognised the social and financial benefits of the development, leading to a good rate of return.
Conclusion:
AMPM's successful restoration and conversion of the social housing property in Exeter exemplify the company's commitment to social responsibility, environmental sustainability, and community engagement. By leveraging the property's significance and transforming it into a care facility, AMPM not only added value to its assets but also made a positive impact on the local community, demonstrating the potential for real estate development to drive social change and create lasting benefits for owners.
