Affordable family apartments in one of Liverpool's fastest up-and-coming areas

Wishing Well apartments is where IPG launched its first development. The decanted building in Liverpool was sourced through a housing association, who did not have the capabilities to bring the building up to fire and construction standards. IPG, under the Elavace brand where able to negotiate a deal to purchase the building, which is made up of 41 two-bedroom apartments, for £2,000,000 a couple of days before the UK went into lockdown in March 2020. With a construction budget of £1,200,000, along with an expected build schedule of 8 months, we were able to complete the build for under £1,000,000. We also delivered the project two months ahead of schedule, giving the company a profit of over £1,000,000.

GDV - £3,543,280
Target build - £1,200,000 / Achieved £1,000,000
6-month build completed on time
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About Bootle, Liverpool

Bootle is an economically crucial suburb of Liverpool that is very much on the rise. The town is experiencing a huge housing and regeneration boom which is fuelling an ever increasing interest and demand in the area from both a property rental and sales perspective.

Halifax has recently placed Bootle in it’s top UK buy-to-let hotspots, a prestigious accolade for the town. Estate agents have seen families and young professionals flock to the area thank to £600m of investment from the private and public sector.

The investment is part of a series of investment programmes designed to completely re-imagine the town and pave the way for continued future development and prosperity.

A £33m regeneration scheme is underway that will se huge improvements to central Bootle. The scheme, headed by social enterprise group SAFE Regeneration, comprises of 107 family homes, an 80-bed care facility, improved leisure facilities, a microbrewery and a business hub. The objective of the schema is to completely re-shape the neighbourhood thereby increasing the attractiveness, economic prospects and desirability of the area. The scheme is the full backing of Homes England and the Liverpool City Region Combined Authority.

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