Investor Highlight: Park House’s luxury features, such as secure parking, helped Investors secure a rental yield of 6.95%.
Investor Highlight: Chorley is one of the few UK towns and cities to see increasing footfall and low vacancy rates.
At The Heaton Group, our passion is identifying unused buildings and transforming them into luxury spaces the entire community can be proud of. So, when we came across this vacant, grade 2 listed building, we knew we had to save it.
Planning permission was obtained in late 2017, and the building took its first step to becoming 9 new apartments.
The Development was completed within 9 months, during which time all the apartments sold off plan to a mixture of buy to let investors and owner occupiers.
Following completion, investors took advantage of our expert property management team, who quickly identified and qualified suitable tenants.
This meant it wasn't long before our investors began seeing a return from the property, which yielded an impressive 6.95% net return.
Park House provided great returns for our investors, all while supporting the town of Chorley and providing property they can be proud of. The project was completed on time and budget
If you want to learn more about Park House or any of our current investment opportunities, book a call to speak to a member of our team.