Tag: HMO

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Gwendoline St – Before

Here are some photos of the state in which we received the property before we started work on it. [s2If !is_user_logged_in()] Below here is some more info for people we know and trust.  Check out how to read it here. [/s2If] [s2If current_user_can(access_s2member_level1)] [/s2If]

Walter Road – Demolition days

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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Walter Road – Before we started work

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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Walter Road – Completion

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.

Walter Road – Finding funds

Walter Road was not within our original plan for Invest 1 in the first 6 months, but we decided to take it on because we had a keen investor who was interested in a bigger project, so we created Invest 2. [s2If !is_user_logged_in()] Below here is some more info for people we know and trust.…
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Gwendoline Street – Completion

We had word from the solicitor today –  we have completed* our first property purchase in the UK! *For non-UK readers, completion here means we have paid the full purchase price and the Title will now be registered in our name. 

Walter Road: Project update

Paperwork is underway and solicitors are figuring out what they require, doing searches etc. Exchange will probably happen within 4 weeks. We met with a local student let specialist who confirmed that the higher end student market would enjoy this location, along with the young professionals. If we can get planning approval for the rooms…
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Gwendoline Street: Project update

Just a quick project update today, the tenant is still in the property, however the contracts are ready to be finalised as soon as the tenant leaves. Funds are in place and ready to go for this purchase quickly.

Walter Road – Vision

This property came with planning permission for a 7 room HMO. After agreeing to take the deal, we could see that more value can be added STPA of course, with at least 1 extra room and possibly 2 depending on approval and budget. Original Plan The planning came with 7 rooms with ensuites. This however…
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Walter Road – Decision to invest

This property came from PSW, and receiving their email with the summary document started the process of deciding if it was a good investment, what the strategy would be, if the suggested strategy paid off or not etc. The basics: Purchase: £135,900 Other costs: £5,000 Refurb: £60,000 Total Spend: £200,900 Investor subscribers can see the…
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