Goldrose Sharpe Developments reveals record sales since lockdown

London-based property developer Goldrose Sharpe Developments has registered record sales over the last two quarters, despite Covid-19.

The company has seen year-on-year property sales double during 2020, with 90% of available homes sold primarily to first-time buyers using Help to Buy since March.

The business is predicting an approximate £15m turnover for the next financial year.

The SME has also trebled the number of employees to 10, and secured a new central London office.

Goldrose Sharpe Developments has been supported for the last two years by Close Brothers Property Finance, which enabled it to deliver three multi-unit, new build schemes, and work on two other upcoming ventures.

The latest two projects are located in Hackney, and will provide 18 high-end residential apartments, with a combined GDV of £12m.

Both developments are expected to be completed in the autumn and winter of 2021. 

The company also has a strong secured pipeline, including a 22-apartment scheme in Croydon, and they are in ongoing talks concerning several other sites across the capital.

Daniel Goldsmith, director and co-founder of Goldrose Sharpe Developments (pictured above, left), said: “We have been amazed at the resilience of the London market and how quickly buyers have rebounded — the Brexit vote had a greater impact on our business thus far.

“First-time buyers shot out of the lockdown gates, keen to get a foot on the ladder, and secure their own space. 

“The government’s Help to Buy initiative has certainly helped in terms of affordability, and we’re encouraged to see talks continuing to find additional mortgage support for the next generation buy.”

Paresh Chandegra, director and co-founder of Goldrose Sharpe Developments (right), added: “We have a strong pipeline, and are well capitalised for our search to secure additional sites across London and beyond into the commuter belt. 

“We are on track to expand our delivery, with ambitions to achieve 500 homes per annum within the next six years, and are fortunate to have a strong relationship with Close Brothers, who we trust to support and help us realise our ambitions.”

Daniel Joyce, director at Close Brothers Property Finance, commented: “To hit the government’s ambitious housing targets, we need to encourage more housebuilders into the market.

“The team at Goldrose Sharpe, and their success in spite of the pandemic, should act to inspire the next generation of housebuilders, who will be vital if we are to finally address the housing shortage and kickstart our economy.”

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