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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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Blog

BEST PROPERTY INVESTMENT & DEVELOPMENT COMPANY BRIGHTON & HOVE 2021 – BUILD MAGAZINE

We are delighted to announce that Target Five have won Build Magazines Real Estate & Property Award 2021 for  ‘BEST PROPERTY INVESTMENT & DEVELOPMENT COMPANY BRIGHTON & HOVE’⠀

We are very proud of the hard work that team T5 put in everyday. Here’s to the future and fingers crossed for more to come!⠀

This award goes to show hard work and tenacity pays off, We couldn’t have done it without the effort and support from @brightonrenovations @ccrdryliningltd @focus_brighton

@bpmarchitecturalservices and of course @whaleback.ltd  ⠀

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OUR TOP INVESTMENT AREAS – BRIGHTON & HOVE

Target Five’s property journey began back in 2013 in our home town of Brighton & Hove. Knowing your area, the streets, the cost of property & how rentable the area was invaluable.

If you’re considering investing in property then understanding what makes an area attractive to your potential residents is worth knowing! we look at the following;

– Property layout, size & position, development opportunity whether immediately or future (especially for commercial development).
– Good transport links. This is one key factor that draws renters of any age. Did you know that 76% of tenants wouldn’t buy their own property if it meant giving up their short commute times!
– Large infrastructure projects, look out for areas with big renovations & regeneration projects, signifying growth & demand for housing is likely to spike as workers seek employment.
– Local amenities, who doesn’t want to be next to a fab Waitrose but this is quite key, especially for areas such as Brighton where a number of people don’t own their own transport, especially students.
– Employment opportunities, if a large company is looking to move to the area or looking to expand, this will drive up the demand for properties as well as prices.

Wherever you decide to invest do your research, make sure you get in early before an area becomes saturated. We have a pipeline of genuine investment opportunities you may wish to consider. Get in touch to find out more by emailing information@targetfive.co.uk

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Blog

NEW DEVELOPMENT – DUKE STREET, BRIGHTON

We have finally exchanged on this fantastic property. We were first introduced to this mixed use building back in the Summer of 2020, since then we have had plenty of up’s and downs, especially this last week to keep this sale together and was quite the race to the finish line!⠀
What’s even more exciting is that we have a new JV partner on this property/development.⠀

We can’t wait to get started on this project, not only because of it’s fantastic location in the centre of Brighton, next to the famous South Lanes and moments from the seafront, but also because of it’s scale being over 5 floors, including a commercial unit.⠀

Our Brief;⠀
– 1 x commercial unit on the ground floor, works to include alteration to WC⠀
– To create a 7 bed HMO (maisonette), over 4 floors all with en-suite bathrooms and an open plan kitchen/ living/ dining area.⠀

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Blog

CENTURION ROAD – SUCCESSFUL ROI

Centurion Road, Brighton- Target Five sourced, designed and redeveloped this property for our returning investor.⠀

The property was originally a 3 bed family home and is now a stunning 6 bed with 3 shower rooms. The property has been finished to a high specification and the interior design was undertaken by the T5 team, to create a top end coliving rental property.⠀

Purchase Price: £450,000⠀
Build Costs: £70,000⠀
Furniture: £6,000⠀
Refinance: £625,000⠀
Rental Income: £36,396⠀
ROI PA: £6.9%⠀
or combined YR 1 26%⠀

We really loved this project as the interior finish was our bold first step away from the grey!

To find out more and how we can find the right property investment for you, please contact us through the contact button or email information@targetfive.co.uk

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Blog

OUR 2020 HIGHLIGHTS

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It’s been a trying year for all but we are thankful that we were able to achieve so much and cross off a lot from our to do list for the year. Lockdown 1 put us under a bit of strain trying to continue as best we could on skeleton staff and on our renovation project sites, obtaining supplies/orders being the biggest aggravation but we persevered! ⠀

The Lockdown allowed us to ‘ramp up’ our plans that we had for 2020 and bring forward some of our ideas/initiatives, which we were planning to do over the course of the year but we decided to seize the day and get these done. Here’s a short list of what we have managed to implement:⠀

➕ Systemise our practices and procedures, creating and developing our own in house CRM software system⠀
➕ Development and exposure of Target Five on Social Media⠀
➕ Staff undertaking The Property Entrepreneur year long training course⠀
➕ D2V implementation on a large scale⠀
➕ Developed and gone live with our new website⠀
➕ Increased the T5 team ⠀
➕ Forged new partnerships with specialist professionals incl; solicitors, planning officers, architects, building control and construction/development finance brokers⠀
➕ Onboarding with new investors/JV investors ⠀
➕ Completed 11 renovation projects, seeing great returns for our investors⠀
➕ Successfully funded our first crowdfund project ⠀
➕ Won the Best Investment and Development Company – East Sussex award ⠀

We are excited for 2021 and the opportunities we are securing, remaining focused, committed and motivated.

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Blog

BEST PROPERTY INVESTMENT & DEVELOPMENT COMPANY IN EAST SUSSEX

BUILD Magazine’s Real Estate Property Awards have chosen Target Five Property Consultants as winner of The Best Investment & Development Company – East Sussex.⠀

After the year 2020 has been for all and our team it’s great to receive recognition and an award (which is still being produced ?).⠀

This award goes to show hard work and tenacity pays off even during a pandemic!. We couldn’t have done it without the T5 team effort and support from @ccrdryliningltd @focus_brighton @brightonrenovations @bpmarchitecturalservices and of course @whaleback.ltd ?⠀

You can find out more about BUILD magazine and the other award winners here https://buff.ly/3gc7sog⠀

We’re Target Five, experienced property consultants in Brighton & Hove. ⁣⁣⠀⠀
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Our services include:⁣⁣⠀⠀
? Property investment, sourcing and development⁣⁣⠀⠀
? High yield buy to let portfolio building⁣⁣⠀⠀
? Land development and planning gain⁣⁣⠀⠀
? Property consultancy, income improvement and HMO advice⁣⁣⠀⠀
? Fixed return investment⁣⁣⠀⠀

Want to find out more about property investment and working with T5, get in touch: information@targetfive.co.uk

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Projects Completed

BLOOMSBURY PLACE, BRIGHTON

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

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Blog

Permitted Development

We have always looked to avoid planning where possible. Why?…⠀

Planning is slow, cumbersome and not always predictable – especially in Brighton and Hove, a council known nationwide for its restrictive approach to planning. So we have used Permitted Development (PD) opportunities. For many years this has taken the shape of C3-C4 out of A4 areas, box-dormers, 3m rear extensions etc. Adding square footage to create yield. With A4 for HMO moving city wide, and the over saturation of investors moving in to this market, we have looked to utilise other PD opportunities. ⠀

It is likely that more PD will come in addition to what has been announced in the past few weeks. This will no doubt include conversion of the new E Class of properties in non protected areas to C3.⠀

What are we looking at? Mostly Light Industrial to resi and 2 flats above commercial, in areas where we believe further PD will come. We were focussing on other things during the office to residential rush a few years ago, but this will come again with reduced reliance on office space – so we are looking at this too, where the conversion costs work and where it will make good quality and appropriate accommodation.⠀

Years ago it was all about commercial for yield and that group of landlords are now selling up or in some cases dying off! There are opportunities to be had and this could be a great few years for PD – if we do it right. Relaxed planning laws is no excuse for exploitation and profiteering!⠀