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Nicholas Wallwork - Property Developer
United Kingdom
เข้าร่วมเมื่อ 7 ก.ค. 2016
International For Dummies author, angel investor on SKY TV show Property Elevator, multi-millionaire property developer and investor, CEO of property development company Redbrick, property market commentator and event speaker.
Nicholas is also an experienced Property Mentor and accredited Property Educator (through pibuk.org), offering tailored mentorship packages for Investors, Developers and Landlords, looking to build a passive income through property.
Nicholas shares hours of free behind-the-scenes content from his office to residential conversions, care home conversions, HMOs and serviced accommodation development projects across the UK. His videos contain incredible value, tips and expertise on everything from planning, finance, and construction, to strategy, sustainability and project sourcing.
Nicholas is also an experienced Property Mentor and accredited Property Educator (through pibuk.org), offering tailored mentorship packages for Investors, Developers and Landlords, looking to build a passive income through property.
Nicholas shares hours of free behind-the-scenes content from his office to residential conversions, care home conversions, HMOs and serviced accommodation development projects across the UK. His videos contain incredible value, tips and expertise on everything from planning, finance, and construction, to strategy, sustainability and project sourcing.
Bartek’s £19M Property Elevator Pitch
Buy my new book "The Extraordinary Millionaire," here - amzn.eu/d/bpycPlB
Bartek, a builder with refurbishment experience, pitched a £19.7M residential development deal involving 31 houses on a former school site in Camberley, Surrey. The project required £3M for the land, with a total cost of £14.5M and projected profits of £5.16M.
Despite his ambition, the Angels expressed concerns about his lack of large-scale development experience, high risks, and long project timelines. They suggested focusing on smaller deals to build credibility. Bartek left without funding but remained determined to pursue his vision.
#permitteddevelopment #propertyelevator #propertyinvesting #investinginproperty #propertyinvestinguk #propertyexperts #propertyspecialists #planningpermission #coaching #dragonsden #ukpropertyinvesting #propertyinvestor #propertyinvestment #landlord #landlordadvice #landlordlife #entrepreneurlife #finance #money #viral #findingmoney #angelinvestors #angelinvesting #nicholaswallwork #propertydevelopment #propertydeveloper #propertyconsultant #developmentconsultant
Bartek, a builder with refurbishment experience, pitched a £19.7M residential development deal involving 31 houses on a former school site in Camberley, Surrey. The project required £3M for the land, with a total cost of £14.5M and projected profits of £5.16M.
Despite his ambition, the Angels expressed concerns about his lack of large-scale development experience, high risks, and long project timelines. They suggested focusing on smaller deals to build credibility. Bartek left without funding but remained determined to pursue his vision.
#permitteddevelopment #propertyelevator #propertyinvesting #investinginproperty #propertyinvestinguk #propertyexperts #propertyspecialists #planningpermission #coaching #dragonsden #ukpropertyinvesting #propertyinvestor #propertyinvestment #landlord #landlordadvice #landlordlife #entrepreneurlife #finance #money #viral #findingmoney #angelinvestors #angelinvesting #nicholaswallwork #propertydevelopment #propertydeveloper #propertyconsultant #developmentconsultant
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thank you
You’re welcome 🙏🏻
Development costs seemed way out, surprised no one queried this.
Looks 4 angels were not using their braines on that pitch. Why takes a risk when you can create time and finalise any planning details before committing. If the planners don't give you want you want, pull out and no one looses. Such an abvious decision.
👍🏻👍🏻
Hey great video thanks, it would be good to catch up with you for an exploratory chat if you have interest in doing similar I have a property that has just come up for sale which I think would be perfect given your experience. 25/26 bed care home for £900k. Let me know if you would like to chat about a potential JV.
Great always keen to take a look… please contact through my website www.nicholaswallwork.com and we can have a chat 👍🏻🙌🏻
Master degree in yapology
Aha, great, fabulous
Damn, 750k all in plus 100k doesn't give you a whole load. Pity this one couldn't be more like 650k. That would have made this project a whole load easier.
Couldn’t agree more 👍🏻
Drill bit you say, tell me more construction professional
A simple slip of the tongue yes… also I’m a developer not a builder… 👍🏻
That’s the homes under the 🔨 bloke!!
Floor saw and cut concrete first cunt ant got a clue
Next time get a bigger floor saw cut the whole way through the slab and save all that time wirh rebar and the risks of exposed cut rebar. If you floor saw it deep enough the rebar cuts are smooth and the job looks Super clean. Light cut and hitting it with the pecker ends up looking like that
You can’t get a floor saw this deep… we needed about 900mm from memory… so much material to remove 😵💫
It’s a carbon blade . He has no place on a site
Thankfully I’m not a builder but a developer and yes a slight slip of the tongue sorry for that 😂
Drills?
I meant blade, slip of the tongue 👅
@@nicholaswallwork yeah right 🤣
not a diamond drill lol not even a diamond BLADE cheap metal cutting grinder blade..... come on....
Yes a slip of the tongue! 🤣
Yeash.
It's a shame nobody told you that wasn't a drill before rolling!
Haha yes a slip of the tongue! 🤣
i have an idea for a far far better deal --- in fact 2 1/2 times that income for something slightly smaller
Sounds like a good deal! This was also about the philanthropy side of things which made it attractive.
The greenscreen quality doesn't fill me with confidence!
It’s an extract from an online Zoom webinar 👍🏻
Pair of insufferable idiots. literally not even listening to each other, just waiting for their turn to speak.
But if you look around now it’s all the same box you could be anywhere and it’s the same
It’s a production line of properties that make money 👍🏻
Tonbridge Kent, Waitrose right next door to Iceland.
You must know it 😃👍🏻
Keep challenging yourself your doing well. Keep going
Thanks Andrew! Continually learning and growing 😊
You channel needs to be updated ❤🎉
Best of luck
Just ordered the book and look forward to reading it soon.
Brilliant thank you! Let me know what you think 🤔
Will it be on audible?
Watch this space! Hoping to get it on Audible by the end of the year… 💪🏻
Congrats Nick. Must be a very satisfying. 👍🏻
Thank you so much!
How do we get in touch with you? There is not number to contact you.
Hey there! You can book a cool with one of my expert team here - bit.ly/4cSld7K
Thank you very much for the video 🙌🏽. Keep it up 💯
Thank you for the feedback!
Interesting ideas.
Thanks David 🙌🏻
You've given me a lot to think about.
I hope it’s helped 👍🏻
Superb video, thank you.
I’m glad you liked it ✌🏻
Really what did you share that gained me any learning for my 7.38 of time?
Would love to hear about how we can improve our videos!
Show me a problem that was solved, show me a calculation that would improve my end valuation. These are items where you 'show the money' experience. To say you need good SE or solicitor, is of no value. Be specific, say this is a good solicitor for this. Too many gurus are vague blaggers which is such a waste of time.
Thank you for the great advice. I appreciate it. Maybe check out some of my other videos. they have a lot of technical detail on property development.
I'm glad to find your channel. Subscribed. A question: what are your thoughts on taking on a project which failed and is now up for sale? Details are as follows: it started as a approximately 40 unit housing development a few years ago and only 3 houses were built and sold. These houses are now owner occupied. The remaining lots could be built on pretty easily. Roads are in place but remain unpaved (dirt). Utilities are available with some electric underground throughout the project. All lots are level ground. Currently all homes would need to be on wells and septic systems. However, there is a problem with water. A nearby airport has a PFAS contamination in the local groundwater supply and a plume of the contamination is very near the subdivision. The govt is working on the problem and will currently supply filters for the water. Houses in the area are on wells, not city water at the time and the city would need to extend the water lines about 2.5 miles to reach this subdivision. The remaining lots are available for about $3000-$4000 each and each lot is about 1/3 to 1/2 acre. . Basic houses in the area are selling for $150000 - $170,000 for single story basic homes. There is also the possibility of putting modular homes on these lots. In the area there is also a massive need for "affordable housing". So I'd appreciate and be thankful for your thoughts. Would you pass due to the water situation or give it a try and hope the filters are enough or that the city runs municipal water to the subdivision.. Thank you very much for looking at this.
Hypothetically, taking over failed sites is a great opportunity! This one however needs specialist advice from a contamination or water quality consultant. It’s a huge risk and there could be better deals out there. Just because you can fix it doesn’t mean you should… by that I mean if it takes 2 years to solve the problem that’s fine but the finances will often make the deal much less viable for that reason. Being a developer is a lot about lost opportunity cost - get in and get out as time is a lot of money!
@@nicholaswallwork Thanks so much for the reply. I agree with your ideas. The problem here with the PFAS is that it has gotten into the groundwater and they are saying it is likely extremely difficult to get rid of it. Currently the government is giving out water filters they say deals with it but I think the public does not trust the government, so that's why the lots remain unsold. Thanks again.
Thanks Nicholas this was a great video and insight into a commercial conversion
Glad it was helpful!
Yes, safety costs money. What you seem to be saying is that you dont agree with what the professional AOV technichian is stating, or the extra cost. Pressure differential systems are finicky things. Take that risk at your own peril. I hear yhis a lot from business owners and developers like yourself and thatx why Grenfel happened to begin with. Lax attitudes like this.
Firstly I take offence at you suggesting I have a lax attitude! Far from it! I pride myself on our extremely high build specifications and safety standards and if you watched the channel you’d see that. What I have an issue with is a random building control officer coming in when the site is 90% finished and deciding he wants another AOV when there are already two on the same floor and we have conducted a fire strategy report which concludes two were fine. The intrusive work, last minute and the way inspectors and sometimes consultants layer on extra protection for themselves at the direct cost of the developer right at the last minute (when they’ve already visited site multiple times) is what I have issue with… needs to be agreed upfront and then it’s perfectly fine and all part of the process and something we can cost out. But requesting one last minute where we had to rip apart a finished flat to install it is totally unacceptable… that’s my issue.
Wa wa wa, that's all I'm hearing. Lower profit margins and more work. Whomp whom. Go drive some more property prices up.
Boring.
What kind of videos would you like to see?
To be fair pretty standard details.
Stop. Just stop.
What don't you like about the video?
Very interesting Nick. Which PM firm do you prefer to use?
We use different firms depending on the site and scope of the site. But we also offer most services through our own development management consultancy www.redbrickdm.com if you’d like any help with your sites please reach out and book a taster call using this link - bit.ly/3K12kDm
@@nicholaswallwork Noted. Thanks Nicholas.
Hmo developer in the northwest/midlands here. Does this strategy work here or do construction costs per sq ft outweigh bricks and mortar end values? Or is a investment grade, commercial or hybrid valuation used for refinancing? 50% gross profit on gdv is amazing well done
Yes this relies on an investment / commercial valuation to get the uplift… it’s asset managing the site to maximise revenue and thus a higher than average profit margin… build costs for conversion is relatively low too especially when compared to other commercial conversions
Interesting to know why self contained units would not have given this scheme better figures overall - in any scheme I have carried out, apts with exit on individual leaseholds always work out better. If you’re able to give a breakdown that would be great! Amazing work
We’ve maximised the asset for rental income, which gives a higher investment valuation than individual leasehold self contained flats. Combined with the layout of the building and the minimum space standards restricting the number of flats we could get along with the Sedtion 106 payment to the council required for over 9 self contained flats this layout was the optimum for overall profit. Oh, and build costs are a fraction of the cost for this design, keeping all the M&E as it is and central as well as less separation required than for self contained units… hope that helps 👍🏻
I definitely would buy this! Trying to find one as we speak, let’s see…
Hey there, if you are serious I can help you find one! Book some time with me and lets get things going - bit.ly/3K12kDm
Fantastic work guys
I love the purple vis have one myself, was told to take it off when I worked on Canterbury cathedral
NICE TO SEE YOU BACK ! missed your little videos - do some more please . paul in wales.
Thank you! There's so much more to come 👍🏻👌🏻👌🏻
He looking for an "angel" to put the money in and take the blame when it all goes wrong
Cracking numbers! I’m currently sourcing a derelict care home for a client… maybe for your next video who knows :-)
Thank you! It really is a superb project. If you need a hand with your deal then feel free to connect with me via the link in the description. Always keen to add value.
Property investment I is low hanging fruit. Unproductive
I'm not sure property is particularly low hanging fruit... especially the multi million pound developments!
Timber-framed houses are deemed unmortgageable because they are difficult to insure and are seen as susceptible to dampness and fire risk, leading mortgage lenders to refuse them as security. Therefore, they are viewed as a higher insurance risk.
This is partly true (especially historically) but the market has changed and many lenders now lend on timber framed houses actually…