Development Profit: £123,000
Islington has, for years, been home to a vibrant mix of creatives, thespians and politicos creating one of the most cosmopolitan and colourful locations in London. Thane Villas is located in the centre of the borough towards Highbury, close to the former Arsenal stadium of the same name – itself recently converted into residential accommodation following the completion of The Emirates Stadium.
It’s fair to say that this small project was an opportunistic purchase for us and the developer. In truth, the price at £499,000 was too good to pass up and it fell at a time when there was capacity in the system for a very quick turn around and flip. That said a £123,000 profit with minimal input from the management team is not to be turned down.
The house is now a splendid example of the many similar properties in the area with three double bedrooms, bi-fold doors from the kitchen to the cottage garden and the highest standard fittings throughout.
Raise Details for
The Spitalfield project was something close to my heart as I was brought up in the area. Having known Jamie for many years I knew my investment would be safe. So it proved and a healthy return of 15% was realised upon completion
As an investor, I’m all about the return. Did my DD on Store House and was satisfied they would complete on time and to the promised standard. Happy and now a regular investor having seen returns on average of 14.5%
Working with Store House London has been a great and profitable experience. The Margate project was presented by Jamie and it was a very easy decision to invest. I invested £125,000 and enjoyed a return of 15% per annum.
Very professional company. I admit to being sceptical at first but have now invested in two Store House projects. £85,000 invested with a 12.5% ROI