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Heaton Group | 2-4 Wigan Road, Hindley, Wigan, WN2 3BE
Call us on 01942 254999
Heaton Group Overview
Contents
Company Background ...................................................................................................................................................................................................................... 3
What can Heaton Group Provide? ................................................................................................................................................................................................... 4
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Heaton Group: More than a Conveyance Team .......................................................................................................................................................................... 5
Renovation Analysis ................................................................................................................................................................................................................. 5
Building Analysis ...................................................................................................................................................................................................................... 5
Managing the process Start to Finish ...................................................................................................................................................................................... 5
Introduction to Finance ........................................................................................................................................................................................................... 5
Heaton Group: Renovation Specialists ........................................................................................................................................................................................ 6
More than just a building team ............................................................................................................................................................................................... 6
Heaton Group – Specialist Lettings .............................................................................................................................................................................................. 7
Ongoing Management ............................................................................................................................................................................................................. 7
What is a HMO? ............................................................................................................................................................................................................................... 8
Location: 7-8 Bridgeman Terrace, Wigan, WN1 ........................................................................................................................................................................ 11
Renovation: 7-8 Bridgeman Terrace .......................................................................................................................................................................................... 10
Letting Demand: 7-8 Bridgeman Terrace................................................................................................................................................................................... 11
Heaton Group | 2-4 Wigan Road, Hindley, Wigan, WN2 3BE
Call us on 01942 254999
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Company Background
The Heaton Group is a family run business based in the North West that has been acquiring property, land and completing renovation projects
over the last forty years. Investment initially centred on Wigan and gradually spread in to Greater Manchester, Merseyside & surrounding
boroughs.
Over time, sustained expansion and diversity of our own portfolio has led to organic growth and the development of skills within Heaton
Group. More recently these skills have been marketed externally to investors and investment funds. What was once a small family team
offering terraced properties for rent is now a portfolio of accomplished profit making companies with 100’s of successfully completed
renovation projects ranging from Apartments to Off-plan developments. We offer serious investors a tool set that includes:
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Introduction to Private Lenders
Rapid Conveyance Team
Highly Skilled Experienced Renovation Team
Delivering HMOs to standard with all Certification and compliant with Regulations
Full Lettings Solution & in house Maintenance Team specialising in HMOs
Our dedicated hard working team has consistently shown excellent versatility in tackling changing market demand economic factors. Heaton
Group’s position is consolidated within the local housing market and has attracted investors both nationally and internationally.
We have a proven track record in identifying, delivering, financing, managing and servicing quality investments within tight regulatory and
developmental frameworks and financial time constraints. We offer the serious investor a unique opportunity to use our skills to realise their
own investment aspirations.
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Heaton Group | 2-4 Wigan Road, Hindley, Wigan, WN2 3BE
Call us on 01942 254999
What can Heaton Group Provide?
RIVERSTONE PROPERTIES DEVELOPMENTS LTD
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In House Maintenance & Renovation
team
Specialist HMO Lettings Team
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Experienced and established Letting Agent
maximising your investment yield
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Sourcing off Market Investment Property
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Heaton Group | 2-4 Wigan Road, Hindley, Wigan, WN2 3BE
Call us on 01942 254999
Heaton Group: More than a Conveyance Team
I talk with our own Lettings and Renovation experts to find the “Right Investment” – Adam Heaton, Conveyance Manager
Renovation Analysis
Our experienced lettings team work closely with the local housing market meaning they are aware of current trends
and demands and are able to provide:
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Estimated Market demand and Rent level
A list of tenants waiting
Integration with local corporate companies to source the right tenant
Viability analysis of HMO1
Building Analysis
Our Head Builder will assess all properties that are considered for purchase and report on:
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General layout and letting size of the property
Ascertain if there are any regulatory constraints and the associated costs
Assessment of renovation costs
Opportunities for Expansion and/or change of use
Managing the process Start to Finish
We understand how crucial it is to keep the conveyance process moving. Over time our team have established close
links within this field and are able to facilitate fast conveyancing solutions.
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Organising and providing access for the of valuation of properties
Working closely on a daily basis with solicitors to ensuring the smooth and rapid purchasing process
Introduction to Finance
- We have close connections with several private lenders who are able to offer our investors competitive rates
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Amy Winstanley – With Local Lettings since 2010. Our
Rental Expert and single point of contact for
Investors.
The location of a HMO is key to its success we perform our own analysis based on market demand, saturation, local services and investment in the area.
Heaton Group | 2-4 Wigan Road, Hindley, Wigan, WN2 3BE
Call us on 01942 254999
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We can provide an introduction to lenders who have a successful investment history with us and can provide bridging funds and/or mortgages.
Heaton Group: Renovation Specialists
“Our Renovations team was chosen for their quality and consistency of work” – Mick Cooper, Head Builder, Riverstone
Properties Developments
Our renovation team consists of over 100 qualified and experienced tradesmen to whom we provide a constant flow of high spec projects. We
have worked closely with them for many years establishing a reciprocal relationship of quality and sustained growth. Our renovation team
will:
 “Market Ready” Properties within to tight financial timescales
 Professional, quality and High Spec Renovations with quality materials and modern designs
More than just a building team
The renovation of properties is closely tied to local regulatory constraints and requirements. Due to our wealth of local experience in dealing with these
matters we are able to ensure compliance with requirements and regulations. For example:
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Planning Application submission and follow up until Passed
Renovations that conform fully to strict HMO Guidelines
HMO License Application and liaison of until License is obtained
Guaranteed conformity to strict Fire Safety Regulations
Experience in meeting strict planning constraints including Conservation Areas and Heritage requirements
Provision of all required certification including Electrical Installation Certificate and Periodic Gas Safety
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Heaton Group | 2-4 Wigan Road, Hindley, Wigan, WN2 3BE
Call us on 01942 254999
Heaton Group – Specialist Lettings
“We believe in maximising your rental yield” – Amy Winstanley, Lettings Team Manager,
Our lettings team is strongly established in the market, servicing a strong internal portfolio as well as the properties of private landlords and current/past
investors. We work with landlords to help unlock the profit in their properties.
Key Features:
 Well established Letting agency.
 Properties marketed through multiple media channels,
at street level and in local newspapers.
 Database of tenants waiting across North West.
 We get the right tenant 1st time by carrying out
extensive tenant checks.
 HMO/Apartment Specialists. (we deal specifically with
marketing High Yield properties)
 We take the headache out of Letting and let you relax
and enjoy your investment.
Our Custom Fitted Office in Hindley, Wigan
Ongoing Management
We will work closely with local business and organisations to source the best possible tenants.
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Arrangement of any extra services on your behalf.
A competitive and high quality in house maintenance team are on hand to provide a no obligation quote if any repairs are required.
We can arrange any ongoing services e.g. Periodic Gas Safety Inspection, Tenancy Renewals.
Whilst our Management Rate remains very competitive we pride ourselves on the quality of service our Lettings Department deliver.
Heaton Group | 2-4 Wigan Road, Hindley, Wigan, WN2 3BE
Call us on 01942 254999
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What is a HMO?2
A HMO “House in Multiple Occupancy” is a any property in which more than one householder shares amenities. Some HMO’s require a license
in accordance with the Housing Act 2004. However, all HMO’s must comply with building regulations.
Our experienced team is ready to guide you through the rules and regulations that apply to the planning, renovation and ongoing management
of your HMO property. All of our HMO properties come with:
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Completed Successful HMO License Application (where required)
Compliance with Building Regulations
Fire Safety Regulations
Periodic Gas Safety Certificate
Installation of Smoke Alarms
Specialist HMO Management Team:
 Renewal of Tenancies/Licenses
 Renewal of HMO Licences where required
 Provision of terms for the HMO for Tenants
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2
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/15652/HMO_Lic_landlords_guide.pdf
Heaton Group | 2-4 Wigan Road, Hindley, Wigan, WN2 3BE
Call us on 01942 254999
Renovation Project: 16 Self Contained Apartments
Renovation Overview
Location:
Renovation Description:
7-8 Bridgeman Terrace, Wigan, WN1
Change of use from commercial offices to 16
modern self-contained apartments.
Purchase Details
Purchase Price:
Contracted Rental Income:
£975,000
£108,411.66
Income & Expenditure
Number of Rooms:
Average Rent Per Room Per Week:
Rental Income Per Week:
Rental Income Per Month:
16 Self Contained Apartments
£130.31
£2,085.00
£9,034.31
Contracted Rental Income 2015 (PA):
Utilities @ £12 Per Person Per Week:
£108,411.66
£-9,983.23
Rental Profit Per Year:
Rental Profit Per Month:
£98,428.43
£8,202.37
Net Yield:
10.10%
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Heaton Group | 2-4 Wigan Road, Hindley, Wigan, WN2 3BE
Call us on 01942 254999
Renovation: 7-8 Bridgeman Terrace
What was the building:
Commercial Premises
Local Housing Demand:
City Centre, high demand for Studios
Renovation Overview:
Full rip out of original office building
and complete renovation to 16 high
spec self-contained studios
Constraints:
Sympathetic design and renovation in
keeping with the local heritage
requirements and original character of
the building.
Target Demographic:
Working Professionals who prefer a
city centre location
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Heaton Group | 2-4 Wigan Road, Hindley, Wigan, WN2 3BE
Call us on 01942 254999
Location: 7-8 Bridgeman Terrace, Wigan, WN1
Menses Park
Royal Albert Infirmary
7-8 Bridgeman Terrace
DW Stadium
City Centre
Wigan Main Train stations
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Heaton Group | 2-4 Wigan Road, Hindley, Wigan, WN2 3BE
Call us on 01942 254999