This is the story of UOWN's first development: Village Street.
Property prices go up as well as down, so you might not get out what you put in. The same goes for how much rent we collect. Our forecasting tools help with the guesswork but they're not a reliable way to predict the future. Please also note that invested capital is illiquid and is not protected under the Financial Services Compensation Scheme.Ok, got it
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The Village Street project has been well underway for some time now and we think this is a great opportunity to tell you more about the works being undertaken. Doing a property development is something many people want to do but never get the chance.
This project was undertaken whilst the building was empty but many landlords looking to improve a house currently in their portfolio would choose to do work such as this whilst the house is vacant.
Having a list of trusted builders, managing their time on site and the order of work is key to the smooth running of a project such as this. Otherwise, it is very easy to have the project drag out and run over budget.
We have rented the property out for the next academic year at the upper end of our projected rents (£96pppw)
Below are some pictures of some of the completed rooms - we also have some videos and 360 Images to come.