Author: Shelley Hollis

Deal Now Live!  

We’re excited to announce that our Aldwick Road project is now ‘LIVE’ on the @leocrodfunding platform! With a projected ROI of 15%, we can’t wait until this HMO Conversion project of a commercial to mixed use scheme, potentially reaches its target raise!

Minimum investment £100

Minimum Target raise: £100k

Estimated Project Length: 12 months

More info here:https://www.leocrowdfunding.com/property/detail/aldwick-road-bognor-regis

Investment in property related assets puts your capital at risk and returns are not guaranteed.

Please read the full risk warning at www.LEOcrowdfunding.com/risk before deciding to invest.

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In conjunction with Whaleback Planning & Design (@whaleback.ltd) we contributed to the Brighton & Hove City Council (@brightonandhovecitycouncil), consultation on the proposed Article 4 Direction to remove Class E permitted development rights in the city, which would come into force in February 2023. We have raised concerns about the proposed Article 4 as we feel it goes well beyond the Government’s new NPPF policy and guidance on Article 4 Directions, which has raised the bar for justifying the adoption of such Directions. We hope that the council will take on board our concerns and we look forward to the publishing of the response to the consultation.

We will keep you updated with our progress

To read the full consultation, please click on the below link

TARGET 5 RESPONSE TO BHCC ARTICLE 4 CONSULTATION

The figures are in for our recently completed development, Montefiore Road in Hove.  This mixed use property was sourced, designed and developed by Target Five for our longstanding investor. Planning was granted to convert the premises into a residential C3 dwelling.

We have recently converted the building into 3 separate apartments:⠀⠀⠀
– 2 bed apartment on the ground floor with a garden⠀⠀⠀⠀
– 1 bed apartment, first floor to the rear⠀⠀⠀⠀
– 3 bed HMO occupying part of the first and second floors

The recent valuation came in and surpassed our £900,000 prediction 

Purchase Price £520,000

Purchase Costs £15,500

Approx Refurb £220,000

Revaluation Figure £1,050,000

ROI 38.9%

Rental Return £55,800

Yield Return 7.4%

We have a very happy investor and even happier residents, who move in this week!

After some lengthy delays (which were out of our control), we have another property over the line! and we are ready to get going on this great mixed use development for our returning investor.⠀⠀
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Brighton Road, Worthing; currently consists of a ground floor commercial unit, which will be retained. The first and second floors are a 2 bed maisonette.
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We plan to convert this property to a 5 bed property with 2 en-suites and a further 2 shower rooms with a large communal area, ideal for professional sharers. The property is situated within walking distance of Steyne Gardens, the
seafront and Worthing Town Centre.
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If you would like to find out more about Target Five and our investment opportunities leave us a comment, DM or send us an email to information@targetfive.co.uk

It was great to see so many faces at Target Five’s client lunch today!
The company was great, not forgetting the amazing food and hosting from the staff at Chamuyo in Brighton.

Thanks to all who joined us, we are now in a meat coma

Starting the week off with some positive news! Target Five are delighted to announce that we have been shortlisted as finalists for this years Property Reporter Awards #PRA22 under the category of ‘Best Property Developer’, this is a fab category and we have some stiff competition!

We wish all the very best of luck to our category finalists and to all finalists for this years event. To find out more about the awards and to see all finalists, please check out this link https://www.propertyreporterawards.co.uk/2022-finalistshttps://lnkd.in/dE8wciRV