ABSTRACT
This study illustrates the process of buying a run-down terraced house, improving and extending it, and finally selling it in a falling market. The venture only broke even financially so could not be considered a success for the developer but it left a series of pointers for a more profitable scheme which followed. In addition, the project provided employment for people at a time when the building industry was depressed, raised various taxes for the government and resulted in a more attractive and comfortable family house.
