Today we received great news from our investor that the property Target Five sourced, redesigned and renovated for them in Brighton, has come back with a fantastic revaluation figure – of course we knew it would 😉 but as many of you may have also experienced re-vals since lockdown have been very tricky and not always so positive!⠀
This property was originally a two bedroom first floor, large maisonette, and was designed and renovated to a six bed/2 bath HMO with a loft conversion, which now offers a great rental yield return for our investor. The project started at the end of October last year, completing in January 2020.⠀
Preparing for the valuation survey itself is paramount, as part of Target Five’s service to our VIP Investors, we put together a comprehensive valuation report for the surveyor on the day, documenting the details around the project, the current rental income, detailed explanation of current comparable properties for both the rental and sales market, the renovation specification, planning documents and certificates/licences acquired. Meeting the surveyor in person is vital, especially if the property is tenanted, you need to be on hand to answer all questions. ⠀
All to show and prove what a success this project has been and what we believe the value to be from when we set out on this journey for our VIP Investor to make a profit on .⠀
👍 ℙ𝕦𝕣𝕔𝕙𝕒𝕤𝕖 ℙ𝕣𝕚𝕔𝕖 £300,000 ⠀
🏚️ ℝ𝕖𝕟𝕠𝕧𝕒𝕥𝕚𝕠𝕟 ℂ𝕠𝕤𝕥𝕤 £58,000⠀
👏 ℝ𝕖𝕧𝕒𝕝𝕦𝕒𝕥𝕚𝕠𝕟 £575,000 ⠀
Interested in working with T5, please call 01273 525656 or email⠀

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