For higher net worth investors and for those looking at serious returns for bigger money in property, buying potential run-down or part-built developments to turn into housing on a multiple-income scale can often be very rewarding indeed.
There’s a couple of ways we can target potential property, taking on part-built projects where the developer has either got into debt, or is at a sticking point with continuing the build of the property. These are few and far between and are difficult to find (mostly through auctions and banks) with the odd gem coming along the way every so often.
We can also target shops and offices or land for sale (on or off-market) with planning permission granted and purchase with the view to following guidelines to build appropriately on that plot. This idea is most popular with more property available but you may pay a premium for these on sale – although in both cases above once owned by you, these are very easy with the right team in place to get stuck in and build your development out to completion. Then you can either keep it (all or part) for your own buy-to-let portfolio or even flip on completely. Selling or keeping the leasehold in the process and out-or-in sourcing the management too.
Another way which works with a little due-diligence is to find an old property or land without any planning permission. You can look to design a feasible scheme that would suit the property and of course the area in which it’s situated, submit the planning application to the local council, cross your fingers that they’ll buy into your vision and wait the 8-12 weeks to see if you get the planning granted!
Whilst this is more risky and takes more time to put together, you won’t have to purchase the property until planning is granted, which could potentially allow you to get in at a lower price via the seller and maximise the return on investment even further. You also get to build and design just how you want!
Finally another way of taking on developments yourself is to find fully completed projects which either already house tenants or need part-refurbishment or re-decoration to maximise profit potential. These properties often come along to us when distressed sellers need an exit-strategy so keep a look out on our website and you’ll be amongst the first to know. This kind of deal is often sold off-market as savvy investors soon snap them up.
Now if you would like to know more about how to purchase any of these types of property developments for yourself, contact us at Property Secrets and we’ll talk you through a few of our own examples and what would work best for you depending on your personal situation and funds.
We have a small number of larger and smaller scale developments with and without planning permission as well as frequent land for sale on offer that is primed for developing on. For more information and to see our latest opportunities, including office, mill and factory conversions, large shop conversions into HMO property and brand new projects from 3 units to 300, fill out your details below and we’ll send you specific development opportunity.
Key Investment Facts
- Ready sourced development opportunities
- Planning permission granted – or submitted for approval
- Land for sale with and without planning
- Completed property developments for sale
- Self build property investment opportunities
- Chance to earn x10+ more than your initial investment
- Properties from below £100,000 up to £1 million
- Flip on completion or let out and keep
Simply fill out your details below and we will send you our latest opportunity as well as all our future development property deals across the UK.