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VIEW DEAL WITH LEO CROWD FUNDING – ALDWICK ROAD, BOGNOR

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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Class E to Class C3 Article 4 Direction Consultation

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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

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MONTEFIORE ROAD – SUCCESSFUL ROI

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!

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EXCHANGED – NEW PROJECT ALERT, BRIGHTON ROAD, WORTHING

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.

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

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TARGET FIVE’S CLIENT INVESTOR LUNCH

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

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PROPERTY INVESTOR NEWS MAGAZINE – FEATURING TARGET FIVE

Featuring in February’s Property Investor News magazine

Target Five Director; Tina Wenham and our JV Partner Rachelle of @cseeinvestments feature in this month’s Property Investor News magazine. The article focuses on our current commercial development to a Holiday Let, in central Brighton.

To read the full article, head over to the PIN website now https://property-investor-news.com/ hard copies out now! ?

With thanks to @property.investor.news for a fantastic interview and allowing us to share our experience with you and your readers

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PROPERTY REPORTER AWARDS FINALISTS

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

 

PROPERTY REPORTER AWARDS FINALISTS LIST FOR BEST PROPERTY DEVELOPER

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A Q&A WITH THE PROPERT INVESTOR AWARD WINNERS – YPN MAGAZINE

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Featuring an interview with Target Five Director; Andy Babbayan

Following the recent Property Investor Awards, where Target Five/Andy Babbayan were recent winners of the award for Commercial Property Conversion Of The Year.

@ypnmagazine have published a fab article, winners of the awards answer questions asked by the YPN team to give you insights into their property investment achievements.

Go check it out now

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HEAR DIRECT FROM OUR PROPERTY INVESTOR – WATCH THE FULL INTERVIEW HERE

Watch now as Target Five’s long standing property investor; Joel Walker, tells us all about his latest property investment with T5, Montefiore Road in Hove.

Joel currently works in the financial information industry but has his own property portfolio (2 large student HMO’s and x2 apartments in London), which he continues to expand to create passive income for his retirement.

T5 acquired Montefiore Road in Hove and presented it to Joel, it was a quick yes as the property was bought pre-auction and had to exchange within 6 days! This project is different to his current portfolio as Joel wanted to attract the young professional sharers market, which is a speciality of T5. The property has been designed throughout with this end user in mind, taking onboard Joel’s initial thoughts on the how the interior should look and feel.

Watch the video to find out how the figures for this project exceeded expectations!

If you would like to find out more about this property or about our investment opportunities leave us a comment, DM or send us an email on information@targetfive.co.uk⠀

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CENTRAL BRIGHTON PROJECT – FEATURE WALL

Our murals are up and we absolutely love them – the design we went for is called ‘DA CAPO MAGENTA’ they really have made this living space look something extra special!

Huge Thank you to @photowall_sweden for gifting us this beautiful mural paper – our decorator commented on how high quality the paper is and it looks great close up too!

What do you think?