Lichfield, Staffordshire
Administration disposalThe contractor went into administration in 2021 and the shell stood part-built and weathering until it sold at auction for £450,000 in February 2026. The report verified three live consents for 22 flats at source, put the consented residual at £341k and the developer ceiling at £513k, and showed the hammer price returns 16.9% profit on cost only if the standing structure can be relied on - naming the structural survey as the check that decides the whole deal.