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We catch up with Karen Curtin, interim managing director of the Graven Hill self and custom build development in Oxfordshire
Karen Curtin
This scheme offers an array of self build opportunities, from bespoke golden brick plots to tailored turnkey projects delivered by the Graven Hill Development Company
What different kinds of self build opportunities are available at Graven Hill (GH)?
We have planning consent for up to 1,900 homes on the site, near Bicester, of which 30% have been allocated as affordable housing. There’ll be a mix of apartments, terraces, mews houses, detached and semi-detached dwellings, ranging from one- to six-bed opportunities. Our plan is that 44% of sales will be golden brick sites – where you buy the land and foundations from the GH company so you don’t have to pay VAT on the land sale. If we just sold you the plot, we’d have to charge 20% VAT. If we sell it along with what’s called the first interest in the property – the slab and foundations – it is exempt from that tax. Tailored turnkey projects will make up 14% of the plots and we’ll be providing a shell-build service for another 14%.