Walter Rd is now refinanced and set to passive income for the investors. Final report.
[featured-img]We are so happy to announce that construction at Walter Rd has finished! All we need now is the occupancy certificate to be issued by the council building regulations so we can house our first tenant, who is waiting to move in. It is exciting times for this project, our “diploma” in UK property, project…
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Firsts tenants are in, and finally we switch from building project to income producing asset. Now for the refinance – sharing lessons learnt in the process
[featured-img]We’ve received a mid-construction report from the Project Manager on this one, which is great! As you can see from the photos below, there’s been some real progress with frames built, and the walls and floors are really looking different from the state we left it in. Work completed so far: Rip out Frame works…
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We had the pleasure of meeting a letting agent who is achieving rents beyond our expectations for HMOs in Swansea and Port Talbot and we decided to make them a part of our team. Hearing about the agent being an investor himself, how he disagrees with many letting agents on their methods and bedside manners with…
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One of the reasons we started work on Walter Rd was to get the renovation started in order to change the use of this property from office to a HMO, and therefore remove the higher commercial council tax rate. To do this you submit a form of course, a VO7012. Craig calls the Valuations Office…
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Our project manager Geraint Jones is confident that the builder he found has the right level of professionalism and team to do this larger project. A little more expensive to deliver, however the job should be done faster, when time is money, this is super important. The numbers: [s2If !is_user_logged_in()] Below here are some more…
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We decided to take on some demolition work to “get our hands dirty and feet wet”, as Jeffrey Lee would say. This will also reduce the build cost a little as we can dispose of large bulky waste for free at the local recycling centre, as Ma & Pa’s can but commercial operations cannot. 😀 We…
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Here are some photos of the state in which we received the property before we started work on it. There are some interesting items that we might be able to sell, some other items that will go to the tip. A lot of rubbish though. [s2If !is_user_logged_in()] Below here is some more info for people…
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We got the email from our solicitor today that we’ve completed*on Walter Road, which is great news! *For non-UK readers, completion here means we have paid the full purchase price and the Title will now be registered in our name.
