OUR PORTFOLIO
EYNSWOOD DRIVE, SIDCUP, KENT
3 BED END OF TERRACE PROPERTY, WITH PLANNING PERMISSION TO BUILD A SECOND 3 BED PROPERTY ON THE SIDE, ACQUIRED BMV, LIGHT REFURB TO BE COMPLETED ON EXISTING PROPERTY. BOTH PROPERTIES TO BE FLIPPED
PURCHASE PRICE (MAY 2023): £562K
BUDGETED REFURB & BUILD COST: £210K
ESTIMATED GDV: £1.05M
PROFIT: £130k
BEFORE REFURB:
RUSS STREET, BISHOP AUCKLAND, COUNTY DURHAM
2 BED TERRACED PROPERTY, ACQUIRED BMV, LIGHT REFURB COMPLETED. WE HAD A TENANT WAITING TO MOVE IN.
PURCHASE PRICE (SEP 2022): £67K
REFURB COST: £5K
VALUE AFTER REFURB: £83K
REFINANCED AT 75%: £62K
MONEY LEFT IN: £10K
GROSS RENTAL VALUE PCM: £720
BEFORE REFURB:
MEOPHAM, KENT
JOINT VENTURE BUILD PROJECT: 1 BUNGALOW ON A LARGE PLOT PURCHASED TO DEMOLISH AND BUILD 3 LUXURY ARCHITECT-DESIGNED DETACHED FAMILY HOMES. DUE TO COVID, PLANNING PERMISSION WAS MUCH DELAYED AND THE PROJECT IS STILL IN PROGRESS. IT IS DUE TO COMPLETE BY EASTER 2023.
PURCHASE PRICE (2018): £500K
ESTIMATED BUILD COST: £920K
ESTIMATED GDV: £2.2M
BEFORE COMPLETION:
CLEMENT STREET, KENT
3 BED EOT FAMILY HOME RENOVATION. ORIGINALLY BUILT IN 1928, THIS PROPERTY WAS A TRADITIONAL COTTAGE WITH A TINY BATHROOM LOCATED THROUGH THE KITCHEN AND UPSTAIRS THE THIRD BEDROOM WAS ONLY ACCESSED THROUGH BEDROOM 2. THE COTTAGE REQUIRED A COMPLETE BACK TO BRICKWORK OVERHAUL AND SOME STRENGTHENING AND UNDERPINNING. THIS PROPERTY HAD NEVER HAD GAS OR ANY FORM OF CENTRAL HEATING AND REQUIRED A COMPLETE ELECTRICAL REWIRE. THE STAIRCASE WAS COLLAPSING AND A NEW ONE WAS HAND-BUILT TO SUIT ITS NEW LOCATION AS THE INTERNAL LAYOUT WAS COMPLETELY ALTERED.
TODAY THE PROPERTY IS A MODERN, WARM AND INVITING HOME WITH 3 LARGE BEDROOMS AND 3 BATHROOMS.
PURCHASE PRICE (MAY 2018): £310K
REFURB COST: £80K
VALUE AFTER REFURB: £595K
GROSS RENTAL VALUE PCM: £1,750
BEFORE REFURB:
AFTER REFURB:
CORMINSTER AVENUE, AYLESHAM VILLAGE, KENT
3 BED FAMILY HOME, ACQUIRED BMV, LIGHT REFURB DONE.
PURCHASE PRICE (NOV 2019): £228K
VALUE AFTER REFURB: £245K
GROSS RENTAL VALUE PCM: £1,100
GARDINER STREET, GILLINGHAM, KENT
4 BED STUDENT HMO. THIS WAS AN UNINHABITABLE PROPERTY THAT WAS COMPLETELY TAKEN BACK TO BRICKWORK. TOTAL COST FOR RENOVATIONS WAS £30K, WHICH INCLUDED NEW PLASTER, WINDOWS, ELECTRICS, BOILER, NEW HEATING THROUGHOUT, FULLY FITTED KITCHEN, 2 BATHROOMS AND PLUMBING THROUGHOUT.
PURCHASE PRICE (JUN 2017): £175K
REFURB COST: £30K
VALUE AFTER REFURB: £255K
REFINANCED AT 75%: £192K
MONEY LEFT IN: £13K
CURRENT GROSS RENTAL VALUE PCM: £2,000
AFTER REFURB:
GARFIELD ROAD, GILLINGHAM, KENT
3 BED HOUSE, PURCHASED AND CONVERTED TO 4 BED HMO. ORIGINALLY, WE LET THIS PROPERTY TO STUDENTS BUT IT WAS RECENTLY CONVERTED TO A 5 BED SERVICED ACCOMMODATION UNIT FOR CONTRACTORS, WITH NEW FITTED KITCHEN.
PURCHASE PRICE (2016): £190K
REFURB COST: £5K
VALUE AFTER REFURB: £230K
REFINANCED AT 75%: £172K
MONEY LEFT IN: £23K
GROSS RENTAL VALUE PCM: £1,600 AS HMO.
AVG. NIGHTLY RATE AS SERVICED ACCOMMODATION: £95 (UP TO 4 PEOPLE)
AVG. OCCUPANCY PCM: 85%
GROSS REVENUE PCM: £2,356
BEFORE REFURB:
AFTER REFURB:
KING WILLIAM ROAD, GILLINGHAM, KENT
3 BED HOUSE, PURCHASED AND CONVERTED TO 4 BED STUDENT HMO. WE DIVIDED THE THROUGH LOUNGE WITH A PARTITION WALL TO CREATE AN EXTRA ROOM. A NEW KITCHEN WAS INSTALLED AND BATHROOM WAS REFRESHED. THE REST OF THE HOUSE ONLY NEEDED A LIGHT REFURB.
PURCHASE PRICE (2016): £170K
REFURB COST: £11K
PROPERTY SOLD (SEP 21): £240K
GROSS RENTAL VALUE PCM: £1,600
KING WILLIAM ROAD, GILLINGHAM, KENT
THIS WAS PURCHASED AS A 4 BED HOUSE AND CONVERTED TO A 6 BED STUDENT HMO. IT REQUIRED A FULL REFURB THROUGHOUT, A NEW KITCHEN AND RELEVANT H&S COMPLIANT FIRE ALARMS AND FIRE DOORS AS REQUIRED FOR HMO LICENCE.
PURCHASE PRICE (MAY 2015): £224K
REFURB COST: £15K
VALUE AFTER REFURB: £290K
REFINANCED AT 75%: £218K
MONEY LEFT IN: £21K
CURRENT GROSS RENTAL VALUE PCM: £2,200
OTFORD CLOSE, BEXLEY, KENT
3 BED FAMILY LET IN GREATER LONDON, PERFECTLY LOCATED FOR COMMUTERS. A SHORT WALK TO THE STATION AND VERY CLOSE TO THE A2/ M25. THIS PROPERTY REQUIRED FULL REDECORATION THROUGHOUT.
PURCHASE PRICE (OCT 2007): £240K
VALUE AFTER REFURB: £260K
CURRENT GROSS RENTAL VALUE PCM: £1,600
