The Telegraph has a feature on how to buy, develop, and sell high-end residential properties.
Summary
Emma Morby’s Property Venture: Emma Morby has found success in restoring and converting historic properties in the UK. She’s not interested in demolishing them for new builds; instead, she aims to preserve their historic value. Since 2017, she has worked on projects like a 16th-century castle in North Wales, a Grade II-listed naval house in Plymouth, and more, netting significant profits.
A Passion for Legacy: Morby’s passion is in leaving a legacy by saving historical buildings and turning them into homes. She believes in the importance of preserving history rather than building new houses.
Career and Training: Emma started her career as a lettings and sales agent. In 2017, she focused on historic properties and later founded Female Property Expert in 2022 to mentor other developers.
Challenges and Bureaucracy: The conversion of listed buildings is a complex process. It involves unique challenges such as wildlife surveys, archaeological investigations, and obtaining consents related to ancient monuments and heritage impact. Experts recommend working with a team that specializes in conservation and heritage work.
Serious Consequences for Mistakes: Failure in handling listed properties correctly can result in hefty fines and prison sentences.
Strategy for Success: Emma has a “power team” of professionals that help her with the developments. She aims for a 30% profit margin and works closely with local planning officers and heritage organizations to ensure proper preservation.
Impact of the Pandemic: Emma faced challenges during the COVID-19 lockdown, including delays and rising costs. Despite a decrease in profit margin and the need to sell some projects, she continues to pursue her passion for historic properties.
Finding and Buying Listed Buildings: Those interested in buying listed buildings can find them through property portals, auctions, or the Heritage at Risk register. Emma has connections with major receivers that notify her about repossession opportunities.
Options for History Enthusiasts: Not all historic buildings are listed, and some that aren’t listed are also available for sale. These can be appealing to those who want to own a piece of history without the red tape of dealing with a listed property.
Conclusion
Emma Morby’s career showcases the unique opportunities and challenges of working with historic buildings in the property development field. Her focus on preserving rather than demolishing creates a unique niche within the industry. The path is filled with bureaucratic challenges and requires specialized knowledge and collaboration with professionals who understand conservation and heritage work. However, for those passionate about history, it can be a rewarding and profitable venture. Her story also highlights options for those interested in historic properties without the complications of dealing with listed buildings.