308 Kilburn High Road & Ventra House, 50 Palmerston Road, Kilburn, London NW6
Date of investment: 9/7/2013
Two blocks containing 23 self-contained flats.
The property is located in the popular area of Kilburn in North West London within the London Borough of Camden and is situated in a prominent corner position on the east side of Kilburn High Road and on the north side of Palmerston Road.
We purchased this property for £2.675m on 9th July 2013 and agreed with the council to lease 18 flats in 308 Kilburn High Road to them for 10 years.
They took the 18 flats on lease for 10 years at £175k per annum rising with RPI and in return they gave us £550k for the works in the property.
The five flats in Ventra House are let on assured shorthold tenancies generating around £72k per annum rental.
We are currently refinancing this property and Savills has valued this property at £4.765m. The investors will get most of their invested money back and still get a good rental income.
The value of this property will still be rising and we can keep remortgaging it.
We plan to add another £1m to the value of the property by adding six studio flats to 308 Kilburn High Road.
We are also planning to purchase the freehold of the property which will give us another £80k per annum income.
Flat 4, 1 Kidderpore Gardens, Hampstead, NW3 7SS
Date of investment: 25/3/2014
Date of return: 20/5/2014
An elegantly presented two double bedroom apartment situated on the second floor of a semi-detached period conversion in the ever popular Kidderpore Gardens.
This property is located on a quite tree lined road ideally located for the many transport connections of Finchley Road, as well as access to Hampstead Heath and Hampstead Village with its numerous boutiques and coffee shops.
This property was bought on 25th March 2014 for £702k and we sold the property before completion on 20th May 2014 for £910k making a profit of £183,807 after costs in 56 days. The cash used in this deal was £70,500.
The ROI in this deal was 261%.
57 Sedgeford Road, London, W12 0NA
Date of investment: 20/3/2013
Date of return: 18/7/2013
A large three bedroom freehold Edwardian terraced house with a garden.
This property is situated on a quiet residential street, and is conveniently located for shops and amenities nearby and Westfield is within walking distance.
This property was purchased on 20th March 2013 for £710k and was sold shortly after completion on 18th July 2013 for £875k without doing any works; making a profit of £87,667 after costs in 104 days. The cash used in this deal was £420,851.
The ROI was 21%.
8 Charles Lane, St John’s Wood NW8
Date of investment: 3/9/2013
Date of return: 4/11/2013
An unmodernised freehold house in a quiet lane off St John’s Wood High Street.
This property had two bedrooms, two reception rooms, two bathrooms and an internal garage.
We bought this property on 3rd Sep 2013 for £1.81m and sold it before completion on 4th Nov 2013 for £1.925m making a profit of £71,856 after costs in 62 days. The cash used in this project was £198,794.
The ROI in this deal was 36%.
Ealing 21/27 New Broadway W5 5AW
Date of investment: 3/9/2013
Date of return: 22/11/2013
Prime freehold retail parade and residential development opportunity consisting of four shops on the ground floor with a basement ancillary accommodation and three floors of residential accommodation above. The property is situated in a busy retailing location on New Broadway, opposite the new Dickens Yard residential development, and close to the main entrance of the Ealing Broadway Centre.
We bought this property on 3rd Sep 2013 for £4.2m and sold it before completion on 22nd Nov 2013 for £4.8m making a profit of £453,200 after costs from an investment of £485,200 in 80 days.
The ROI here was 93%.