03/04/2026
Refinance completed | Chapel Place
Last minute completion on the Thursday before the bank holiday weekend!
This conversion is exactly the type of development we enjoy most.
By the time we found Chapel Place, it had already been through auction and remained unsold. Most people had looked at the condition (and the fact it’s listed) and moved on.
We decided to go direct to the vendor because we felt there was still real value in the building if approached the right way.
It was certainly in a bad way; vacant for years, stripped out, severe dry rot through the timber structure, roof issues, and parts that were structurally unsafe.
But the fundamentals were there — a beautiful Grade II listed former chapel in a strong location with the chance to create something special.
We improved the planning consent, strengthened the unit mix, redesigned the layouts to our standards, and delivered a full back-to-brick restoration with extensions over just 10 months.
Today it’s:
• 7 fully let new homes
• successfully refinanced
• £1.5m of bank and investor capital repaid
• retained as a long-term Arcvelop asset
These projects are a reminder that the best opportunities are rarely the easiest ones. Often the value is hidden in buildings the market has stopped believing in.
We often find that’s usually where the most interesting work begins.
Swipe through to see the full journey from acquisition through to the finished scheme.
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