Masters Property Group

18/08/2021

Currently in the process of buying a small 15-bed hotel / guesthouse, and the bricks and mortar valuation has just come back as £105k more than I’m paying, which is nice. Doesn’t really make any difference though as the lender won’t lend on the higher figure (meaning less deposit, which would’ve been handy), and the property will be based on a commercial valuation in 18 months time anyway (which will be waaaaay higher) so all it is is a little comfort blanket that I’m paying 13% below market value, which is not easy in the south east. 👍

Hopefully will complete the purchase in the next 4 weeks and then the work properly begins. 😊

21/03/2021

Should be making a bit more progress this week with legals for the latest purchase, a mixed use unit with shop on the ground floor and a soon-to-be 5-bed HMO upstairs, and a further storage building to the rear.

Not sexy and glamorous but a nice little deal. 👍

09/02/2021

Here are some build and final pictures of the new build that we did next to the refurb in Thatcham.

28/01/2021

Just some before and after photos from one of our refurbs, which are long overdue.

11/11/2018

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 price 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....

11/11/2018

22/01/2018

Our new website is finally up and running!! Check it out!

Increasing wealth and freedom for clients by investing in property within Berkshire and surrounding areas.

09/01/2018

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: [email protected]
tel: 01635 904504

09/01/2018

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: [email protected]
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.