1 year and 5 months later and we have finished!! This property has been a real labour of love for our investor and the Target Five team. Originally purchased in June 2019, We have hit every obstruction possible on this property to date, you name it we have had it, here’s a small and not exhausitive list: –
– missing freeholders
– managing agent issues
– structural issues
– roof issues
– lease extension issues
– planning issues
– listed buildings consent issues
– dealing with other leaseholders
– access to site issues
– Oh & a global pandemic
We have finally got there and are excited to show you the final finish. The property is located in the fabulous Kemp Town area of Brighton, moments from the seafront. Our original plan for the property had a major edit due to the above issues, the renovation works undertaken were changing the property from a 2 to a 3 bed with a separate kitchen and living room finished to a high end specification. Being a listed building we wanted to keep the interior design sympathetic to its origin but still maintain a modern feel for our residents, we are really proud of the completed property.
An added bonus was that the property let with our sister company Sussex Property Partnership within a few days! achieving £1836pcm.
Purchase Price: £210,000
Build Costs: £50,000
Property Now Valued at: £375,000