54 West Green Drive, Crawley

In 2018, we embarked on our first development project in West Sussex.

The purpose of the project was to take this unmodernised three-bedroom, semi-detached house, and transform it into a House in Multiple Occupation, creating value that could be recognised commercially.

Given huge demand in the immediate area for accommodation catering to air industry workers based out of Gatwick Airport, we created seven luxurious rooms with three bathrooms, in part with a generous loft conversion, and complemented the development with excellent shared reception rooms.

* Warning: Capital at risk. The value of your investments can go down as well as up, so you could get back less than you invested. Suitable for sophisticated investors.*

Former condition

Finished result

The investment…

Purchase price £350,000

Cost of refurbishment and fees £70,050

Total investment £420,050

GDV/DUV £550,000 ( 75% remortgage at £412,500 gives us almost our entire investment back )

The income going forward…

Residential income £4,250 PCM ( £48,450 PA incl. 5% void rate )

less: Running costs and mortgage £2,050 PCM ( £24,600 PA )

Total net income £1,988 PCM / c. £23,850 PA

Return on investment…

With £7,550 of our investment left in the property after refinancing, this net annual income represents a return on investment of 250% in the first year. In a nutshell, the small remaining amount is repaid in the first few months, and we’re left with an income-producing asset for life.

Over a ten year period the property will produce over £260,000 in income which can be reinvested into future purchases.

If you’re interested in becoming involved with similar opportunities, with the ability to earn excellent fixed returns, please contact us.