We are offering a unique, tailored design and build schemes for our clients which provides three ways of acquiring a below market value, high yield HMO. Our schemes produce you the same property and returns as our up and running investments but for a reduced outlay.
Design and Build Scheme
With this first scheme we can carry out the initial purchase and renovation in your name and act on your behalf as your contractor. This will involve using your own funds whether that is on a cash basis or through nominated finance packagers. The commercial packagers have lenders available that will fund the full purchase price and renovations subject to suitable security being available. Under this scheme, with the right finance, it is possible to fund the total project and also recoup the deposit via the uplift in valuation created on completion of the project.
In this case our full service includes the following;
* Sourcing the property
* Agreeing the purchase in your name
* Redesign to multi let including professionally drawn plans and referring the plans to a qualified building company
* Agree a suitable quotation for the project
* Produce schedule of works
* Ongoing site management
* Furnishing & tenanting the property and any ongoing management if required.
Your total outlay including a figure for possible finance requirements based on this scheme will be around £130,000 producing the following yield.
** 4 bed = gross yield of 21% per annum **
Prices start from £130,000
Up and Running Investment Scheme
The second option relies upon a certain amount of inventory that has been pre-purchased and reconstructed by our existing investors with a view to selling the completed article fully furnished and rented, each property is sold on a going concern basis and their availability is on a first come first served basis. we will only market these if they are from an existing client and if the property has been constructed to our specification.
We also insist that the profit our client is looking for does not detract from the sale to the purchaser, in other words your purchase within the scheme will still allow for a minimum £10,000 to £15,000 instant equity against the current market value.
We look for investors that aren't greedy and will take a reasonable profit whilst passing on equally reasonable profit to the new investor. These are a complete turnkey instant rent/profit producing unit.
Prices start from £150,000
Each deal has various funding options available through our packager and sales will be subject to an independent RICS valuation.
Joint Venture Scheme
The third scheme, we will fund the initial purchase price on a cash sale basis this can produce real reductions in the purchase price due to the speed of completion. We will source a suitable house that with renovation will have an increased valuation. Once we have agreed a property with both the estate agent and our clients we can schedule the amount of renovations with our client. We will then fund and carry out the total restructuring of the property to the relevant specification. Prior to the works being started we will of course put in to place a contract between ourselves and the purchaser based on a pre agreed ultimate price and valuation. As we do not take finance for any section of the project we only offer this system on a very limited basis and first come first served basis.
Properties can be sold as a turnkey investment in the region of £160,000. The purchase will be contracted with the client in advance with an agreed timescale and includes a high standard of renovation. The unit will be handed over on completion to the purchaser fully refurbished and include furniture and will also be fully tenanted. The greatest advantage of this scheme over other property investment schemes is that there is no expensive development finance required. It is also risk free as you do not take over the ownership of the property until the works are completed.
Based on a worst ways rent of £75 per room this option offer the following yield.
** 4 bed = gross yield of 19.5% **
Prices start from £145.000