{"id":224,"date":"2022-09-24T15:36:38","date_gmt":"2022-09-24T15:36:38","guid":{"rendered":"https:\/\/oakandland.co.uk\/?page_id=224"},"modified":"2022-09-26T21:01:31","modified_gmt":"2022-09-26T21:01:31","slug":"project-brancepeth","status":"publish","type":"page","link":"https:\/\/oakandland.co.uk\/index.php\/project-brancepeth\/","title":{"rendered":"Project Brancepeth"},"content":{"rendered":"\n

Property was secured at 20% discount as seller was seeking a quick transaction. The property is located in the west of Newcastle Upon Tyne where government heavily invests to improve employment, businesses and city development. When purchased, the property was already converted as two flats. One of the flats was in a very bad conditions, it was not liveable so a back-to-back refurb was carried out in order to transform to the highest standard. The other flat was in much better shape, only light refurb was necessary. Our main exit strategy was to rent out to local families and to refinance. Our second strategy was to let to people on government support, the last strategy was to sell the flats through open market since demand for family accommodation still outstrips supply<\/p>\n\n\n\n

HIGHLIGHTS<\/strong><\/p>\n\n\n\n

Purchase 20% Below Market Value<\/p>\n\n\n\n

Gross rental yield of 12% (two flats)<\/p>\n\n\n\n

12 – 18% ROI expected, subject to valuation<\/p>\n\n\n\n

Finance through bridging & private investor<\/p>\n\n\n\n

IMPRESSIONS<\/strong><\/p>\n\n\n\n

BEFORE<\/p>\n\n\n\n

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AFTER<\/p>\n\n\n\n

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Property was secured at 20% discount as seller was seeking a quick transaction. The property is located in the west of Newcastle Upon Tyne where government heavily invests to improve employment, businesses and city development. When purchased, the property was already converted as two flats. One of the flats was in a very bad conditions, … <\/p>\n

Read more “Project Brancepeth”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":302,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"inspiro_hide_title":false,"inspiro_hide_featured_image":false,"footnotes":""},"class_list":["post-224","page","type-page","status-publish","has-post-thumbnail","hentry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t