Showing posts with label High Returns. Show all posts
Showing posts with label High Returns. Show all posts

Friday, 5 May 2017

Another council demands every HMO in its patch be licensed

By Graham Norwood



Greenwich council in London is the latest to announce an extension to its HMO licensing policy.

The council is already legally obliged to license the largest HMOs that provide accommodation over three storeys or more to at least five residents. Now a new policy created by the council means every HMO will be required to have a license from October 1.


The council claims this has come about because of concern "about poor standards in the private rented sector".

Since 2013 a team of officers has visited over 1,750 properties in total in the borough and carried out over 1,330 formal investigations into unsatisfactory conditions. More than 2,200 hazards to tenants' health or safety have been identified.

The council says an extensive public consultation was carried out and approximately 80 per cent of residents and tenants who responded were in favour of the changes to HMO licensing.

https://www.lettingagenttoday.co.uk/breaking-news/2017/5/another-council-demands-every-hmo-in-its-patch-be-licensed

Friday, 1 July 2016

Property Deal from Midland Property Investments

'We been asked by a number of people what the different kind of property deals we are in involved in. Here is one of our recent ones. If you would like to get involved or learn more just contact us via email on dav.dhallu@gmail.com.

First property venture out of the Midlands. This is a joint venture between the builder and other investors. An office to residential conversion in St Margarets, Twickenham. See the numbers below.




The offices were bought for £410,000. There are two options for this project.
Option 1: one 1 bed room and one 2 bed flat
The build costs will be approx £200,000
Selling price will be approx £800,000
Profit will be approx £190,00 - £200,00

Option 2: three 1 bed room flats
The build costs will be approx £220,000
Selling price will be approx £950,000
Profit will be approx £330,000


Please like and share this video.