At Biss & Partners, we vary from delivering our own developments, sourcing projects for other investors that they go on to deliver solo, or we can provide a sourcing and project management service.
68 South Street, Ventnor
Sourced only, we secured this property 34% Below Market Value.
Purchase Price - £112,500
Refurb - £6,800
Acquisition Costs (Fees) - £14,225
Total Project Costs - £133,525
Gross Development Value - £180,000
Gross AirBnB Income PCM - £1,825
117 Pallance Road, Cowes
Sourced only, we secured this property 33.4% Below Market Value.
Purchase Price - £155,000
Refurb - £38,000
Acquisition Costs (Fees) - £10,000
Total Project Costs - £203,000
Gross Development Value - £275,000
Gross Rental Income PCM - £1,300
5 Long Lane, Newport
Project Management - Project Managed on Behalf of a London Based Client
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Purchase Price + Acquisition Costs- £235,000
Refurb - £90,000
Total Project Costs - £315,000
Gross Development Value - £400,000 +
Profit - £85,000 +
Net Profit % - 21.25% +
5 Long Lane is a residential property on the Isle of Wight currently undergoing a full renovation. The property has been stripped back to brick in places, and a structural repair programme covering crack stitching, wall reconnection, and concrete repair following historic subsidence has been completed to engineer specification.
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The project now moves into full fit-out, including replastering, new kitchen and bathrooms, flooring, electrics and decoration. Works are being carefully coordinated trade by trade to ensure quality at every stage.