"FUNDING CIRCLE"
DEVELOPMENT HEANOR
Carlton, Heanor, NG16
Currently we have acquired a plot of land with planning permission for 5 new residential homes, x2 Semi Detached and x3 Detached properties.
This site will be undergoing construction in July 2019 and we're keen to help investors obtain new build properties for a long term strategy. Since the new year investors are still making strides to obtain land developments, heavy refurbishments and fixed interest returns. This is a great chance to develop a new estate.
What are my options?
Option 1: Full Ownership with land registry of plot: from £153,000 Investment for A guaranteed fixed return (15%).
Option 2: Project investment: from £30,000 for a fixed return (10%)
Option 3: Full Ownership of entire development: from £800k

Earl Howe Pub Conversion into 6 Flats

Apartment 5 - Bedroom

Apartment 1 - Kitchen / Living

Apartment 1 - Bedroom Leading to cellar

Apartment 6 - Stud walls & door frames

Apartment 1 - Kitchen - 1st fix plumbing

Apartment 5 - Bedroom

Apartment 3 - Bathroom - 1st fix plumbing & shower shelf boxing

Apartment 4 - Bedroom 1
Investment Summary
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Purchase price: £150,000
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House type: Commercial - Apartments
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Bedrooms: 1 Bedroom x4, 2 Bedrooms x2
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Refurbishment cost including fees: £233,795
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Total cost: £383,795
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Revaluation: £540,000
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Rental: £6,450 PCM
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ROI: 40.07%
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Yield: 20.17%
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Equity creation: £156,205
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Time: 64 Weeks
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Refurbishment work involved: New structural support to existing brickwork, new lintels installed internally and externally, new windows to meet planning sound regulations, new joist throughout, new plumbing, stud walls, loft insulation 300mm, 100mm sound insulation new plaster boarding throughout, new kitchen and bathroom, new electric heating system, electrical re-wire.
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Objective: To create a modern finished apartments ideal for the rental market or serviced apartments for short term lets. Positioned for working professionals wanting to be within walking distance of the city centre.
Exit Strategy: Rental - Serviced Apartments
Time on Market: TBC
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Ram Sharma - Leicester

