STARS REI’s Post

Property Showcase - Swindon 10-bed of superb quality I first visited this HMO in 2022. The owners are great! They really care about their HMOs, their tenants and their business. It shows with the quality of the properties, in the occupancy and house harmony. This particular property was a labour of love. £300,000 was spent on the back-to-brick refurbishment in 2019… We all know that running costs have increased with HMOs and that’s why is brilliant when we see a property that has mitigated this increase with a substantial rental increase on all rooms since 2022. That’s what really matters. The current rent roll sits at an impressive £82,000 per annum, up 10% from a couple of years ago. That’s what having the right product, in the right location, operated in a successful manner gives you. The current owners self-manage - they’re a power duo of a friendly and efficient tenant-facing host and problem fixer and an experienced maintenance specialist with an eye for detail. Don’t worry, if you’re after management or hand-holding, these guys can help you with a transition or sustained period of support. That’s priceless. This can be a truly hands-off, long-term investment. I’m proud to be selling this HMO. Get in touch if you’d like further info. https://lnkd.in/efPfMUEp

Despite challenging marking conditions build to rent is a vital asset class with over £8bn of capital set to be deployed in 2024. Great to see Lockton leading the debate on how key BTR stakeholders can unlock development to meet exceptional demand. Lockton #RiskManagent #Insurance #BTR #LivingSectors

𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 𝐋𝐚𝐮𝐧𝐜𝐡: 𝐌𝐚𝐥𝐚𝐠𝐨 𝐘𝐚𝐫𝐝, 𝐁𝐫𝐢𝐬𝐭𝐨𝐥   Savills 𝐏𝐁𝐒𝐀 𝐭𝐞𝐚𝐦, alongside Cushman & Wakefield, are delighted to have launched to market 𝐌𝐚𝐥𝐚𝐠𝐨 𝐘𝐚𝐫𝐝, a prime PBSA forward funding opportunity in Bedminster, Bristol.   𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: ● Market facing scheme in the exciting 𝐁𝐞𝐝𝐦𝐢𝐧𝐬𝐭𝐞𝐫 𝐫𝐞𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 area. ● A consented scheme for 484 ensuite/non-ensuite clusters (78%) and studios (22%), the development will comprise three blocks arranged around a high-quality public realm, a pocket park and the River Malago. ● The scheme will be 75% 𝐃𝐢𝐫𝐞𝐜𝐭 𝐋𝐞𝐭 (based upon anticipated income) with 𝐓𝐡𝐞 𝐔𝐧𝐢𝐯𝐞𝐫𝐬𝐢𝐭𝐲 𝐨𝐟 𝐁𝐫𝐢𝐬𝐭𝐨𝐥 leasing (188 cluster beds) and balance direct let (190 clusters and 106 studios). ● Located in one of the most 𝐮𝐧𝐝𝐞𝐫𝐬𝐮𝐩𝐩𝐥𝐢𝐞𝐝 𝐏𝐁𝐒𝐀 𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐊, Bristol’s student population has increased by 14,960 during the past 5 years whilst only 1,932 PBSA beds were completed during the same period. ● 𝐁𝐫𝐢𝐬𝐭𝐨𝐥’𝐬 𝐬𝐭𝐮𝐝𝐞𝐧𝐭-𝐭𝐨-𝐛𝐞𝐝 𝐫𝐚𝐭𝐢𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐡𝐢𝐠𝐡𝐞𝐬𝐭 𝐚𝐦𝐨𝐧𝐠𝐬𝐭 𝐑𝐮𝐬𝐬𝐞𝐥𝐥 𝐆𝐫𝐨𝐮𝐩 𝐜𝐢𝐭𝐢𝐞𝐬 and the third highest in the UK, at 2.9:1, underscoring the depth of local demand. ● The development will have a 𝐡𝐢𝐠𝐡 𝐫𝐞𝐠𝐚𝐫𝐝 𝐟𝐨𝐫 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 #ESG credentials, including targeting 𝐁𝐑𝐄𝐄𝐀𝐌 𝐄𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐭, EPC B and Wired Score Silver ratings. ● Malago Yard’s 𝐭𝐡𝐫𝐞𝐞 𝐛𝐥𝐨𝐜𝐤𝐬 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐝𝐞𝐥𝐢𝐯𝐞𝐫𝐞𝐝 𝐟𝐨𝐫 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 2028 and will offer some of the most #affordable #PBSA in the city. ● The development will be delivered by Watkin Jones Group, one of the UK’s leading residential-for-rent developers.   Further details on this 𝐮𝐧𝐢𝐪𝐮𝐞 𝐏𝐁𝐒𝐀 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 can be found via the data room: www.malagoyardbristol.com   𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧, 𝐨𝐫 𝐭𝐨 𝐚𝐫𝐫𝐚𝐧𝐠𝐞 𝐚 𝐯𝐢𝐞𝐰𝐢𝐧𝐠, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐭𝐡𝐞 𝐭𝐞𝐚𝐦: Lizzie Beagley: Head of UK PBSA Transactions, OCM, Lizzie.beagley@savills.com Jamie Radcliffe MRICS: Associate Director, OCM, Jamie.radcliffe@savills.com   Nick Allan #marketlaunch #PBSA #Bristol #prime #development #opportunity #ocm

🏠 Property Investment Insight 🏠 Located just 3 miles from Manchester City Centre, this property in the North East of the city presents an intriguing opportunity. Currently divided into 2 flats, it generates £950 pcm, with the potential to reach £1500 pcm. However, a word of caution - despite its potential, the property has been neglected, requiring substantial investment to bring it up to standard. While it may seem appealing at first glance, a closer look reveals the true costs involved. Our external viewing confirmed our initial assessment Our experience highlights the importance of thorough due diligence, especially for properties like this. Internal viewings are crucial as we anticipate significant renovation needs, including improving the EPC rating from an E to a C. Analyzing around 100 similar deals weekly, we understand the difference between a good opportunity and a challenging one. Remember, if it seems too good to be true, it often is. Careful assessment is key for success in property investment. #PropertyInvestment #RealEstateInsights #DueDiligence #ManchesterProperty #Invest Wisely 🏡

When you think of the top investment cities in the UK, the first ones that spring to mind are the big hitters: London, Manchester, Leeds, Birmingham… you get the picture. However, while these cities have a lot of benefits and appeal to property investors and renters alike, there are plenty of fantastic opportunities up and down the country in a lot of places you would least expect. So, why is Brighton and Hove such a magnet for investment activity? Here’s why ➡️ https://bit.ly/4df9mkG #Property #PropertyInvestment #PropertyNews #BuytoLet #BrightonandHove

💥 SOLD - OFF MARKET INDUSTRIAL SALE - PARK ROYAL 💥   📍 1 PETER JAMES ENTERPRISE CENTRE 📍   Pleased to announce the completion of an off market sale of a modern industrial building in the Heart of Park Royal of circa 3,000 sq ft to a local family office. The sale was tricky due to the looming expiry of the current tenants lease who had been in occupation for over 20 years on a historic rent. However, with some clever negotiation a new lease was agreed within a record time between exchange and completion at a new record rent for the estate.   Please feel free to get in touch with me or Dutch & Dutch if you are looking to acquire or sell commercial property in London. We deal with a wide range of investments and asset classes. 📧 peter@dutchanddutch.com Dutchanddutch   #london #industrial #property #investments #realestate #addvalue #commercialinvestment #londonproperties #investment #opportunities #development #parkroyal #assetmanagement

Speaking to Property Week, Lavanda CEO Frederik Lerche-Lerchenborg discussed how the #PBSA sector may respond to the financial crises currently facing some UK universities. “I’m confident we’ll see more and more operators diversify their product offering to better meet the needs of a more segmented audience,” said Fred. He added: “We’re likely to see a shift towards more targeted accommodations. We will also see more mixed-use schemes that combine student accommodation with other forms of rental living, such as BTR and serviced apartments. Thanks again to Tim Clark, Property Week's Legal and Professional Editor, for the insightful article. Read more in Property Week, including thoughts from Nido Living's Darren Gardner, BCLP's Giles Pink, Alternative Real Estate Advisors' Matthew Neal, Greenberg Traurig, LLP's John Houghton, Southern Grove's Andrew George Southern. See the full article here: https://lnkd.in/eQ9ciMDx #PBSA, #StudentAccommodation, #BuildToRent, #HigherEducation

How Do You Choose What Type of Property to Buy for HMO Investment in UK? I find it hard at the beginning, as there are so many listings on Rightmove and in different locations. Choosing the right property is essential for HMO investment success. Investors often discuss criteria such as location (proximity to universities, transport links, amenities), property size and layout, potential rental yield, and the feasibility of conversion or refurbishment.   Here are the top 3 tips:   1.    Location: Choose a property in areas with high demand from your target tenant demographic, such as students or young professionals. Proximity to universities, public transport, amenities, and employment hubs can increase attractiveness. Chester and Warrington are very good towns for HMOs and they are close to me. 2.    Layout and Size: Opt for properties with layouts conducive to HMO conversion, such as properties with multiple bedrooms and sufficient communal space. Consider the potential for adding en-suite bathrooms to increase rental value and appeal. I rather pay a little bit more to buy larger houses, rather than buy cheap small houses with limited room for development. This will also impact on the GDV and ability to recycle deposit and pull-out equity later. 3.    Regulations and Licensing: Ensure the property meets all HMO regulations and licensing requirements. Research local regulations regarding property standards, safety, and licensing to avoid legal issues and fines. I prefer to buy an existing multi-let or expired HMO properties, rather than family homes, as it is easier to get a new HMO License. Try to avoid long planning application process is the main point.      What do you think the top 3 tips are for your property investment? #propertyinvestment #hmoinvestment #invest #cheshire #warrington

Good morning. Here’s your daily round-up of the latest news and views from EG, all perfectly curated to set you up for the week ahead. The steady flurry of assets coming to market continues to pick up as vendors test the market for that fabled wall of capital waiting to invest in best-in-class assets. Wenlock Works, an almost fully let, warehouse-style office block in the heart of London’s tech belt is one of those assets. It is being sold through Savills with a £104m asking price, a 7.5% yield. With high sustainability credentials, a solid postcode and strong lettings to two major tech firms, the sale will be a test of the bifurcation in the market. Savills has also got the gig to secure a record-breaking deal for Guinness World Records. GWR is seeking as much as 30,000 sq ft of space in central London to break into the lucrative competitive socialising sector. Landsec is taking its dedication to social impact seriously with the appointment of the author of the Casey Review into the Metropolitan Police to its board. The REIT has appointed Baroness Louise Casey of Blackstock as a non-executive director. Chair Sir Ian Cheshire said: “There are few people more expert than Louise in understanding how corporate decision making impacts people’s lives. We look forward to benefiting from her perspective as we shape the future of places around the country.” Elsewhere, the continued push to build more beds continues as planning consents for student, BTR and traditional homes are expected. In Glasgow, plans to transform a vacant plot, once home to a 1970s built job centre, into 113 build-to-rent flats looks set to get the go ahead, despite a flurry of objections, while in Derry, LCC Properties and Investments has filed proposals for two six-storey buildings that will provide 307 new beds in the city. Demand for student accommodation in Derry outweighs supply, with an Ulster University Magee Taskforce recently saying that some £700m of investment was needed for it to reach its ambition of housing and educating 10,000 students. And in Cambridge, planning officers have recommended that the council give the go-ahead for the third and final phase of residential development at Newbury Farm. The proposals, brought forward by Cambridge Investment Partnership in joint venture with Hill Investment Partnerships, aim to tackle Cambridge’s affordable housing shortage. The outline planning application for the wider masterplan, comprising 230 homes across three phases, was approved in 2021. And don’t forget, if you need to stay one step ahead of the competition this week, EG has you covered with a look ahead of what to expect in UK real estate with the EG news agenda. All that and so much more in your EG MORNING NEWS ⬇️ ⬇️ ⬇️ https://lnkd.in/evS7i8M5

Our #Residential #CapitalMarkets team advised Watkin Jones Group on its joint venture with Housing Growth Partnership, which will deliver an almost 400-bed student accommodation scheme in Stratford, London. The scheme will provide much-needed #PBSA to an undersupplied market, as well as new outdoor spaces and amenities that will enhance the public realm. Oli Buckland, Executive Director, CBRE: “The strong total returns and favourable supply-demand imbalance in purpose built student accommodation (PBSA) are attracting significant capital investment from across the globe in both development and income-producing opportunities with high ESG credentials. In markets like London, where growing student demand outpaces bed supply and development costs pose challenges, there are clear opportunities to deliver enhanced returns.” “We’re proud to have advised Watkins Jones on its joint venture with Housing Growth Partnership. This scheme will help address the high demand for student housing across all of London, as well as the 14,000 students studying in east London alone.” Read more: https://lnkd.in/e-UDFTbD