Property Development and Professional Management Services
We specialise in adding value to the properties we buy for our Clients.
Limited joint venture opportunities are available!
We specialise in Buy, Refurb, Refinance & Rent
***JV Opportunities***
In the world of real estate, timing is everything. The best time to invest might have been 10 years ago, but guess what? The next best time is NOW!
With the current property market dynamics, there's a MASSIVE opportunity waiting for you, and it would be a costly mistake to let it slip by.
JV deals
The above picture is not the exact house.
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JV Property Deal 2 (3/10/2023)
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We have another fantastic JV deal.
Briefly, the property is a large one bedroom first floor maisonette with private own door entrance and off road parking with the front driveway of this Semi detached property. The GIA is over 45m2 (484ft.sq). It has a new 125 year lease. No rear garden. Located near high street with local amenities, excellent transport links and excellent “outstanding” primary and secondary schools within 0.5 miles. There is potential for loft conversion STPP to make it into a two bedroom maisonette.
It is off market in NW London.
The vendors are looking for around £265K. We plan to purchase it for circa £200K.
Neighbouring one bed properties that are smaller and in poor condition are valued at £260K whilst similar size in good condition are valued over £300K. However, two bedroom properties are selling from £325K to 400K for poor/average condition to immaculate condition, respectively.
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2 Options are available:
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Option 1:
Full refurb with planning consent for loft conversion WITHOUT doing the loft conversion. One bedroom maisonette.
Purchase Price:
£200K
Project Costs:
£6K SDLT
£2K Solicitors fees (to buy and sell)
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£208K +
£62K for full back to brick renovation including rewiring, re-piping, new boiler, new kitchen, new bathroom, double glaze windows and front door etc.
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£270K
GDV £325K to £350K (conservative figs).
Rental £1500 pcm to £1600 pcm.
Duration: 3/4 months project but allow 6 months max for the selling option.
Option 2:
Loft Conversion into 2 Bedroom.
Purchase Price:
£200K
Project Costs:
£6K SDLT
£2K Solicitors fees (to buy and sell)
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£208K +
£92K for full back to brick renovation including loft conversion, full rewiring, re-piping new boiler, new kitchen, new bathroom, double glaze windows and front door etc.
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£300K
GDV £375K to £425K (conservative figs).
Rental £1900 pcm to £2100 pcm.
Duration: 6 months project but allow 9-12 months max for the selling option.
JV legal contract:
JV partner(s): Pays £270K or £300K (purchase and renovation costs) to create option 1 or option 2 in your name or in SPV name.
Ifty partner: Sources BMV property and uses his build team and project manages the day to day running of the project. The project management of the full renovation includes planning permissions, architectural work, new kitchen, new bathroom, new double glazing, back to brick/stud walls, sourcing wall/floor tiles, building regs, electrical/gas certs & all the necessary builders/traders to complete works with full sign off to rent or sell.
Profit split in selling and/or rental 50:50.
Naturally, the ROI will be much higher after taking into account 5-10yrs appreciation & rental income.
Alternatively, you can purchase this deal from me for a fixed fee of £4950. You will be responsible for all building works & planning consents etc.
Our company policy is to sign a Non-Disclosure Agreement before giving exact details of the property. This will protect you and me when entering into a JV agreement.
Pls let me know what’s your thought
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JV Property Deal 1 (19/09/2023)
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We have a fantastic JV deal. Please let us know if this interest you.
Our company policy is to sign a Non-Disclosure Agreement before giving exact details of the property. This will protect you and me when entering into a JV agreement.
Briefly, the property has 3 bedrooms with driveway at the front & rear garden. It is off market in London Borough of Harrow.
The vendors are looking for around £500K. We plan to purchase it for circa £420K or less.
Neighbouring 3 bed similar houses are selling from £475K to to £575K.
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2 Options are available:
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Option 1: House split into 2 maisonettes.
The exact house type with the same dimensions nearby have been split into 2 maisonettes.
The ground floor 1 bedroom maisonettes are selling for £300K-£325K.
The first floor 2 bedroom maisonettes (after the loft conversion being built) are selling for £375K-£385K.
Both maisonettes will sell between £675k-£710K
Project Costs:
£420K property
£21K SDLT
£4K Solicitors fees (buy & sell)
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£443K +
£147K for loft conversion & house split into 2 maisonettes includes legals for splitting titles, utilities renovation etc)
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£590K
GDV £375K (2B) + £325K (1B) = £700K
Duration: 6 months project but allow 9-12 months max for the selling option.
However, for rental for 2 bedroom maisonette £1600pcm & 1 bedroom maisonette £1400ocm. In total £3000pcm (CONSERVATIVE FIGS).
Option 2: 5/6 Bedroom HMO conversion.
The exact house type with similar dimensions nearby have been converted into a 6 bedroom HMO & are selling from £675K-£725K.
Project Costs:
£420K property
£21K SDLT
£4K Solicitors fees (buy & sell)
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£443K +
£147K for REAR EXTENSION + LOFT CONVERSION & all building works including minimum 2 en-suites (plan for 4 en suites subject to architectural calculations) separate main bathroom, lounge & kitchen & legals etc)
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£590K
GDV £675K to £725K (conservative figs)
Rental per room with en- suite: £1000pcm
Rental per room without en-suite: £800pcm
Total rent from £5600pcm for 6 bedroom HMO with 4 en-suites.
Total rent from £4400pcm for 5 bedroom HMO with 2 en-suites.
Duration: 6 months project but allow 9-12 months max for the selling option.
JV legal contract:
JV partner(s): pays £590K to purchase the property & all costs to create 2 maisonettes or 5/6 bedroom HMO in your name or in SPV name.
Ifty partner: sources BMV property & involved in day to day project management of full renovation including planning permissions, architectural work, building regs, electrical/gas certs & all the necessary builders/traders to complete works with full sign off to rent or sell.
Profit split in selling and/or rental 50:50.
Naturally, the ROI will be much higher after taking into account 5-10yrs appreciation & rental income.
Alternatively, you can purchase this deal from me for a fixed fee of £4950. You will be responsible for all building works & planning consents etc.
Pls let me know what’s your thoughts.
Our Expertise
REFURBISHING AND RENOVATING PROPERTIES
REFURBISHING AND RENOVATING PROPERTIES
REFURBISHING AND RENOVATING PROPERTIES
One for our aims is to improve your property to maximise your asset. We have a clear vision of how to make it happen. The end goal is to add value to the property we are acquiring. Would it benefit from a loft conversion? Has it got any land to build on for a side or rear extension? Might it be better to knock it down and start again? Can this house be converted into flats?
LOCATION, LOCATION AND LOCATION!
REFURBISHING AND RENOVATING PROPERTIES
REFURBISHING AND RENOVATING PROPERTIES
Location plays an important role in the success of a property development project. Some of the factors to consider are:
- Resale values
- Rental demand
- Social demographics
HOW TO MAXIMISE THE VALUE OF YOUR PROPERTY
Another of our aims is to help reduce homelessness by getting people on low incomes into private rented accommodation.
Another of our aims is to help reduce homelessness by getting people on low incomes into private rented accommodation.
- Better interior or exterior design like new double glazing windows/doors, new interior styled doors, on trend porcelain/ceramic wall and floor tiling
- New contemporary kitchen or bathroom
- New roof or loft conversion with bedroom and en-suite
- New garden or outbuilding housing the gym
- Adding a home cinema
- Increasing parking space
- New plumbing and electrics with certification
Another of our aims is to help reduce homelessness by getting people on low incomes into private rented accommodation.
Another of our aims is to help reduce homelessness by getting people on low incomes into private rented accommodation.
Another of our aims is to help reduce homelessness by getting people on low incomes into private rented accommodation.
We are looking at social housing with independent living at affordable rents for:
1. The homeless,
2. Unsuitable conditions,
3. Over crowded conditions,
4. Welfare/medical issues,
5. Victims of domestic violence,
6. Victims of racial abuse,
7. Victims of sexual abuse,
8. Referrals from Social Services like X offenders from prisons and
9. Refugees.
We are looking at collaboration with Councils and local housing associations.
Our final aim is to acquire empty run down properties. We bring old properties back into use and make houses into homes.
“Action on Empty Homes 2022” state, there are nearly 100,000 homeless families in temporary accommodation and 238,000 long-term empty homes in England. Empty properties are a nuisance to neighbours, increases vandalism and creates damp/mould in neighbouring properties. I have personally spoken to neighbours to empty derelict homes. These issues can have a negative impact on the area.
Refurbished properties would contribute to meeting housing needs, improve energy efficiency and reduce fuel poverty, help to reduce crime and anti-social behaviour through new residents living in these properties and generally improve the outlook of the street.
Once we acquire empty run down properties we can either convert a typical two bedroom terraced house into two single occupancy flats, each with their own private entrance. These maisonettes are then available as affordable housing. Alternatively, we can refurbish three bedroom properties to a high standard and let them out, providing much needed social housing provision in the area.
Please browse our website (admirableproperties.co.uk) to see some of our latest renovations like https://youtu.be/Jrs7PPlucLo.