Tag: #buytolet

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OUR TOP INVESTMENT AREAS – BRIGHTON & HOVE

Post author By Shelley Hollis
Post date May 18, 2021

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

Tags #brightonproperty, #brightonpropertyblog, #buytolet, #coliving, #investmentstrategies, #propertyblog, #propertydeveloper, #propertyinvestmentuk, #propertyinvestor, propertyinvestmentsuk

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DESIGN LED PROFESSIONAL ACCOMMODATION

Post author By Shelley Hollis
Post date April 7, 2021

Here are our top 3 favourite bedrooms we have created at our most recent developments, which have been let to coliving professional sharers. All of our interior designs are done in house by the T5 team.⠀
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When we put together our initial design ideas, we have key pointers to work from:⠀⠀
➕ Our residents, who are they, what type of professional?⠀
➕ Location… urban/city centre/residential⠀⠀
➕ What type of building are we working with… period building/modern?⠀⠀
➕ Hard wearing and practicality of well thought out spaces⠀⠀
➕ Wellbeing… we want our residents to feel at home, to enjoy living in their home and be proud, make sure there is space to work from home⠀⠀
➕ Budget and our investors opinions, likes and dislikes… the big one! rarely but it does happen, our investor may have their own interior design theme, which we in turn look at the above points to make sure these will work, we sometimes do need to tweak these!⠀
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What we try to achieve:⠀
? Making the most of all the space, sometimes rooms can be awkward in shape when renovating, especially eaves bedrooms, so if we can we will design and build in desk areas, wardrobes and we have also created the option for raised beds.⠀
?‍? Unique designs and colour combinations that work and are not too over ambitious!⠀
? Features, we always try to retain original features within our properties, whether this be original exposed brick walls, chimney breasts etc, or feature wallpapers to make sure the rooms are unique from property to property.⠀
? Using modern methods in our finish, whether this be WIFI controlled heating (which can be tricky if a resident decides to have an airfryer in their room under a sensor – true story ?), USB socket points, key locations for all sockets, dimmer lights⠀
?️ Bedroom furniture that compliments the interior design but is also hardwearing and functional⠀
?️ Fully dressed rooms, finishing touches such as artwork/prints

Tags #brightonpropertyblog, #buytolet, #coliving, #landlord, #landlords, #professionallet, #propertydeveloper, #propertyinvestmentuk, #propertyinvestor, #propertyrenovation

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BEFORE & AFTER – WEST BUILDINGS, WORTHING

Post author By Shelley Hollis
Post date March 16, 2021

Who doesn’t love before and after renovation pics!? Here are a few of our most recent development, West Buildings in Worthing.

Works started in late October 2020 with completion in mid Feb 2021.

??????? ?????: Mixed use development. The upper part of the building has been developed to a 6 bed HMO, all with en-suite shower rooms, designed and finished to suit co-living requirements and HMO licencing standards. The ground floor commercial unit has also been completely renovated and is now ready to let.

Tags #buytolet, #coliving, #investnow, #landlords, #professionallet, #propertydeveloper, #propertyinvestmentuk, #propertyinvestor, #propertyrenovation, #ukpropertyinvestment

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DRESSING DAY – WEST BUILDINGS, WORTHING

Post author By Shelley Hollis
Post date March 3, 2021

Our favourite day, dressing day! at our West Buildings, Worthing project.

T5 Director Tina was joined by our colleagues; Megan & Winnie from our partner company; Sussex Property Partnership at our completed renovation today, adding the final touches ready for professional photography.⠀

We thought we would share a few of our candid pics with you before the final completed portfolio shots.

Tags #buytolet, #coliving, #landlord, #landlords, #professionallet, #propertyblog, #propertydeveloper, #propertyinvestmentuk, #propertyinvestor, #propertyrenovation

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INTRODUCING ALDWICK ROAD, BOGNOR REGIS

Post author By Shelley Hollis
Post date February 22, 2021

???? ?? ?? ??? ??? ?? ???? ??? ??????️ – our latest project, Aldwick Road, Bognor

We completed on this large mixed use property last Thursday, Tina picked up the keys on Friday to give us a guided tour of our new project!

Planning is already in for our conversion strategy, we are hoping to convert this large property into a 16 bed HMO (x2 kitchens) for sharers, retaining part of the commercial unit and developing the remainder to additional residential use, with a new rear extension.

Bognor is a new location for Target Five but we are excited to get going once we have the all clear from planning. We will keep you updated as we progress.

Tags #buytolet, #coliving, #investmentplan, #landlord, #landlords, #professionallet, #propertyblog, #propertydeveloper, #propertyinvestmentuk, #propertyinvestor, #propertyrenovation, #ukpropertyinvestment

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CREATING HOMES FOR RESIDENTS

Post author By Shelley Hollis
Post date February 16, 2021

When planning our property renovations, we must consider how the space will work, will it be appropriate & spacious enough, not only to meet the regulations but provide a ‘home’ for our residents.

We have replaced the word ‘tenant’ within our business with the word ‘resident’. ‘Tenant’ has a negative connotation that we feel is archaic. Just like the association with greedy, uncaring landlords. It is far from our experience, attitude or intent.

We believe in creating ‘homes for residents’ not ‘houses for tenants’. We aim to create a harmonious relationship between owner & resident & try to apply the following rules;

➕Provide stylish, well thought out spaces that will last, be low maintenance but hard wearing.

➕Consider how the resident will live there, including space for relaxing, space for eating & working as well as space saving ideas, built in furniture.

➕Make it something to be proud of. The design phase of our projects is key to this. We want to be proud of what we are producing but more importantly we want our residents to be proud to call it home. Being innovative & bold with colour/textures means we can stand out from the crowd & so can they.

➕Be clear from the beginning what is expected of both parties. We work closely with our lettings team to ensure we know where our responsibility starts & ends for maintenance/general upkeep.

➕Deal with queries & maintenance issues as they arise in a timely fashion with realistic timeframes, communication is key to any issue.

➕Be sympathetic, it’s easy to forget that this is a person’s home & that feeling should be actively encouraged, it is no less a home because it’s rented & any threat of losing your home is stressful. Handle difficult discussion around late rent or the need to gain possession back with care & consideration.

We believe that the days of slum landlords & problem tenants are a thing of the past & should be treated as such.

Tags #brightonpropertyblog, #buytolet, #coliving, #investmentstrategies, #landlord, #landlords, #professionallet, #propertyblog, #propertydeveloper, #propertyinvestmentuk, #propertyinvestor, #propertyrenovation

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BUILDING A PPOPERTY PORTFOLIO

Post author By Shelley Hollis
Post date February 15, 2021

As a company we have guided many clients in the process of building successful property portfolios. A portfolio is just a name for a bag of properties that you own, right? WRONG.

MY DEFINITION: A portfolio is a group of properties under the same ownership linked by a common goal or objective.

From this definition there are a few ‘so whats’:

Deliberate Vs Accidental

Many people accidentally end up with a random group of properties that they own & call it a portfolio. There is no common goal or objective & it is therefore unified by nothing – which makes it counterproductive & a headache. Having a portfolio is a decision & therefore is a deliberate process.

Random vs Calculated
You must have defined criteria for your portfolio that goes beyond just cheap! Buying stuff randomly based on individual analysis will result in very little unity & cohesion. Deliberate, even if slower, development of a portfolio truly unified will be far far more valuable in the longer term.

Portfolios within Portfolios
As portfolio growth continues & life ebbs and flows, the aims & objectives may change. You may need, as I have, to have portfolios within portfolios. I.e. shorter term high yield properties in less desirable locations to assist with covering school fees – duration 10 years, then sell.

End State
I bang on about end state based decisions, but it is vital to start something with an end in mind – why do it & for what? Make sure it will deliver the aims & be realistic & goals modest if it means guaranteeing success!

Agree or disagree?

Tags #buytolet, #investmentplan, #investmentstrategies, #investnow, #landlord, #landlords, #propertyblog, #propertydeveloper, #propertyinvestmentuk, #propertyinvestor, #propertyinvestors, #rentalyield, #ukpropertyinvestment

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WHY INVEST?

Post author By Shelley Hollis
Post date February 12, 2021

Why do you invest? Because you have excess money earning nothing in the bank? Because it’s what successful people do? Do you need to?

I really believe everything has a reason. For years I denied myself and my family things because I felt I had to invest and reinvest everything. Whilst I am glad I did in many ways and it did not feel like we denied ourselves, as I near middle age (and have acceptance around that) I realise that I never thought about the why?.

So I ask you to challenge your perception and reasons around investing.

A little thought process list:

1. Why invest at all – why not spend the money on experiences and having a good life!

2. What to invest in – start close, as in with you! Educate and grow yourself, then think about sending money out.

3. Invest to grow 1 and 2. If you need the money back for 1 and 2 down the line then invest accordingly. A 20 year investment may not do that.

4.Invest for the future. This is building assets and long term income.

Many won’t agree with this and even I don’t agree with this every day.

What do you think?

– Andy Babbayan

Tags #buytolet, #investmentplan, #investmentstrategies, #investnow, #landlord, #landlords, #propertyblog, #propertydeveloper, #propertyinvestmentuk, #propertyinvestors, #ukpropertyinvestment

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NEW DEVELOPMENT – DUKE STREET, BRIGHTON

Post author By Shelley Hollis
Post date February 10, 2021

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.⠀
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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.⠀
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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.⠀

Tags #brightonproperty, #brightonpropertyblog, #buytolet, #coliving, #landlord, #landlords, #professionallet, #propertydeveloper, #propertyinvestmentuk, #propertyinvestor, #propertyinvestors, #propertyrenovation, #ukpropertyinvestment

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TARGET FIVE’S FUND FACTORY

Post author By Shelley Hollis
Post date February 3, 2021

We are actively seeking and sourcing new profitable property/land opportunities at all times, once assessed and ensured profitable for us or our clients, we want to make sure we are able to progress and buy them. ⠀
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This means leveraging our cash and working capital to work hard for us. By making sure we only put in the minimum amount of cash to each project, we are able to do more of them. ⠀
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Therefore we need to use alternative funding for the balance of the project costs. (See previous posts about different funding types)⠀
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We often move our cash around our pre purchased projects to make sure it’s working in the most efficient way for us. ⠀
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We call this our ‘ Fund Factory’ ⠀
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Key to this is constantly having a handle on where money is deployed and how much extra funding we need, having a number of different options on each project and also that we are fully aware of all the costs involved on each project’s profit margin. ⠀
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It’s not always easy, and requires tenacious documentation and bookkeeping. If it was easy everyone would be doing it!⠀

Tags #brightonpropertyblog, #buytolet, #landlords, #propertydeveloper, #propertyinvestmentuk, #propertyinvestor, #propertyinvestors, #propertyrenovation, #propertysourcing, #wealthmindset