Projects
Below are a few examples of how we build high yielding hands off property investments. Upon completion of each development, one of our specialist housing partners will lease the property on a full repairing and insuring lease for a duration between 5 years and 25 years, Each of our housing partners have UK government backed funding meaning: guaranteed rents, no void periods and no ongoing maintenance costs.
Church Street
2x HMO's:
- 6 Double Bedrooms, 3 Baths plus office space for onsite support workers
- 10 Single Bedrooms, 3 Baths
Location: Wigan
Conversion of B1 office space to a C4 (Sui Generis) 6 double-bedroom HMO and C4 (Sui Generis) 10 single bedroom HMO for vulnerable women and their children seeking asylum in the UK.
- 13% rental yield at post completion on full capital invested (purchase price plus refurb costs)
- Full investor capital returned within 12 months
- Purchase Price: £300,000
- Refurb Costs: £265,000
- Revaluation: £1,025,000
Longmoor Lane
Mixed Use Scheme - 6x 1 Bedroom Apartment, 1x 3 Bedroom Duplex and Ground Floor Commercial Space
Location: Merseyside
Mixed use conversion to 6x 1 bedroom private rented apartments, 1x 3 bedroom private rented duplex and ground floor commercial space.
- 12.8% rental yield at post completion on full capital invested (purchase price plus refurb costs)
- Full investor capital returned within 12 months
- Purchase Price: £400,000
- Refurb Costs: £100,000
- Revaluation: £650,000
Bag Lane
HMO - 5 Single Bedrooms, 2 Baths plus basement conversion
Location: Manchester
Residential conversion from C3 use to C4 use under the local councils permitted development scheme to a 5 bedroom HMO for homeless men.
- 11.4% rental yield at post completion on full capital invested (purchase price plus refurb costs)
- Full investor capital returned within 5 months
- Purchase Price: £121,000
- Refurb Costs: £61,000
- Revaluation: £260,000
31 New Build Properties
31 New Build Properties
Location: Manchester
Site sourced off-market and secured on a 2 year option agreement subject to obtaining planning permission. Subject to planning, the site will be built out with the development being pre-sold and partially forward funded by a housing association. This means guaranteed sales on post completion as well as a contribution to towards development costs reducing our development finance costs.
Baker Street
Private Rented: 3 Beds, 1 Bath
Location: Sunderland
Bought as 2 bed terrace, we then converted this into a 3 bedroom terrace and rented as a private rental to low income families. Since post completion of the refurb works this property has rehomed: women who were victims of domestic violence, single parents and vulnerable young adults.
- 14.7% rental yield at post completion on full capital invested (purchase price plus refurb costs)
- Full investor capital returned within 6 months
- Purchase Price: £31,000
- Refurb Costs: £10,000
- Revaluation: £55,000
