Masters Property Group

Quick update on the latest project - an assisted sale of a bungalow a mile from my home, as well as a new build bungalow (all part of the same project).
For those unaware of what assisted sales are, essentially it's flipping a property without buying it - I agree an initial price with the vendor, I carry out the refurb (and in this case the new build as well) all at my expense, then once the properties are sold I'll get my costs back and anything remaining above the agreed pr...ice is then split 50/50 between myself and the vendor.
This particular deal should see us earn between £50k and £80k profit, and more importantly should get the vendor a price more than it was on the market for in the first instance (it was on the market for nearly a year and could not sell, so achieving a price that couldn't be achieved through a normal sale is creating a great win win situation for the vendor as well as us).
Contract has been signed and work on discharging the pre-commencement planning conditions has begun, with the view of aiming to start construction in late January 2019.
Updates will be provided during the project....
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Very quick tour of the 14-bed HMO we've been invested in for the past 18 months in West Hampstead in London - it's nothing like you would've seen before!

Our new website is finally up and running!! Check it out! https://www.mastersproperty.uk

Are you a property developer who takes a long time putting a set of comparable sold properties together? We can help you!
If you provide us an area (can be a postcode with an area of a radius of your choosing, or a specific drawn area to only include certain streets) then we can send back to you a list of all sold properties within that area, broken down by property type, purchase price, estimated current market value, date sold, and crucially the internal floor area. This ...allows us to put a handy table together showing the pounds-per-square-foot (or metre) price of every property recently sold, allowing YOU to accurately calculate the GDV of your project.
We aim to have the information back to you on the same day you request it.
If you're interested in this service then please feel free to get in touch to discuss your requirements.
e-mail: sourcing@mastersproperty.uk tel: 01635 904504
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LOOKING FOR LAND FOR DEVELOPMENT? - We can help.
We can find small plots for single houses, large plots for multiple homes / flats, as well as those hidden areas for backland developments. We can take the hassle out of finding potential plots for development to save you the time carrying out this activity.
These pictures show an example of a report for plot of land that has since been ruled out as it is already earmarked for development.
... If you have an area anywhere in the UK that you are looking to build on, we will be able to provide you with a handful of potential plots to investigate which will save you a significant amount of time doing it yourself. We include a maps of the area, accurate plot sizes, ownership details, local sold comparables, nearby planning applications and constraints.
Please get in touch if this is a service that you would like us to provide to you.
e-mail: sourcing@mastersproperty.uk tel: 01635 904504
** please note we do not contact the owner as this generally may require a site visit, and a personal touch always helps so letter from us usually wouldn't have the same impact as visiting the site and speaking to the owner face to face. The information packs provided are effectively unqualified leads with a lot of background information to allow you to progress to the next phase of contacting the owner to potentially strike a deal.
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Some updates to the 14-bed HMO in London. The show room is pretty much complete with en-suite and hidden kitchenette.
Rear wall has been removed on ground floor to allow for a 4m extension into the garden to provide 2 more rooms.
This project should be finished by December 17 and ready for tenants to move in in January 18. Single rooms (such as the show room) should rent for a minimum of £1400 per month with the double rooms in the region of £1600 per month.
... Depending on the cash flow once tenanted and the consensus of shareholders, the exit strategy is currently being kept variable - either refinance to withdraw all investor funds and hold for 3-5 years to allow for capital growth and a decent cash flow, or to simply sell the property as a going concern.
GDV on this is going to range from a minimum of £4.6m to £5.2m + depending on the total rental incomes achieved.
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Well, it's taken a full 12 months, but today we have FINALLY exchanged on this little beauty, a 3-bed semi in Berkhamsted, Hertfordshire. The reason for the delay was that this was a particularly difficult probate with several large and completely unpredictable events that introduced big chunks of delays (however as we hadn't exchanged yet we incurred no costs during this delay).
The original plan was to develop this into a luxury 4-bed house, however thanks to the price we ...agreed 12 months ago (£425k) and the current value (£600k), our primary strategy is to sell on to another developer within a month as it currently is and take the profit (while deferring the stamp duty onto the new buyer). The backup strategy is to develop as planned which should then sell between £800k and £850k and require approximately £130k of development finance.
After fees with our current plan to sell on, this project should produce £137k of profit if we can sell on at the valuations given to us by local agents. If we develop the profit will be greater, but will take another 9 months to realise.
If you have available funds and want to get involved in projects such as this, even if you have no property investing experience, then please get in touch and we can discuss your requirements and how we can utilise your investment to grow your wealth.
Onto the next deal.... 👍
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OFF MARKET 6-BED LICENSED HMO IN READING (RG30)
****Due to a few time wasters and the vendor going overseas for a while, this property is available again. I have been informed today that the vendor is about to put it on the open market unless someone acts fast. ****
I have secured a 6 bedroom fully licensed HMO in Reading (with potential to add a 7th room) for £465,000 direct to vendor. MUST ACT QUICK TO SECURE THE DEAL!!
... Current gross monthly rental is £3440 with potential to increase to £4090 by adding a 7th very large bedroom / self contained studio (STP) in what is currently a fully enclosed lean-to / storage area with separate access (as well as access direct to the house).
Potential cashflow and ROI range from £1200 p/m and 9.7% ROI, to £2064 p/m and 15.5% ROI depending on being self managed or not, and adding a 7th bedroom by converting the 15.5 sq m lean-to.
Sourcing fee applies.
Please PM or e-mail sourcing@mastersproperty.uk for further details and I'll get the pack e-mailed out to you.
Regards
Steve
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OFF MARKET 6-BED LICENSED HMO IN READING (RG30)
****Due to a few time wasters and the vendor going overseas for a while, this property is available again. I have been informed today that the vendor is about to put it on the open market unless someone acts fast. ****
I have secured a 6 bedroom fully licensed HMO in Reading (with potential to add a 7th room) for £465,000 direct to vendor. MUST ACT QUICK TO SECURE THE DEAL!!
... Current gross monthly rental is £3440 with potential to increase to £4090 by adding a 7th very large bedroom / self contained studio (STP) in what is currently a fully enclosed lean-to / storage area with separate access (as well as access direct to the house).
Potential cashflow and ROI range from £1200 p/m and 9.7% ROI, to £2064 p/m and 15.5% ROI depending on being self managed or not, and adding a 7th bedroom by converting the 15.5 sq m lean-to.
Sourcing fee applies.
Please PM or e-mail sourcing@mastersproperty.uk for further details and I'll get the pack e-mailed out to you.
Regards
Steve
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We are currently sourcing in all areas of Berkshire, please contact sourcing@mastersproperty.uk with your requirements and contact details to be added to our investor database.

This is currently a 3-bed property and we will be adding a 4th bedroom and extending under permitted development. Likely completion of March 2018.