Lewis Pownall is a development company working to bring life to property by renovating abandoned and lifeless properties, ripening them into desirable self contained homes. Experience has helped us perfect how to maximise returns by spotting the marginal gains which other property developers in Swansea often miss.
How we create beautiful homes is simple. The process is clean, clear and concise and concentrated on buyers who appreciate style and trend.
Whilst we are a young growing company, our aim is to establish ourselves solidly within the property developers market.
The process below explains our approach to how we purchase property and renovate/development to offer modern homes to the market.
Investing in property is fun and fulfilling. It's a long term activity and requires a big element of experience and professionalism.
Based in South Wales, we look out for properties in locations that have city centre plans to regenerate and expand, seeking out both urban and semi rural areas. With a lack of smart properties for families and retiree's and a demand for modern, open-space multi-functional homes with smart techonology for those who can afford luxury, we can see exactly how we can create the right homes to bring to the market. These choosen locations have evidence of a stable market, good employment levels for high paid roles in or on the commuter belt and good highway access.
Our chosen locations of investment include Swansea, Neath Port Talbot, Llanelli and Carmarthen.
Experience has helped to maximise returns by spotting marginal gains. Gains which other developers will miss. We seek higher yields and bigger margins. Risk is minimised by working quickly to strip the property back (where necessary), create modern openplan spaces, utilise smart technologies (where apropriate) and move quickly to sell or to let. We're creative in the ways we secure property allowing flexibility to the vendor, offering them a number of selling options.
Our refurbishment generally consist of:
Strip out - clearing the property and going back to brick
Install sound proofing, damp treatment and up to date installation specificatiin and fit new structural features
New electrics, fire safety means, central heating and plumbing installations
Finish off with plaster, paint and any dressings necessary for sale/let.
The buildingy design will have the right layout and necessary amount of rooms or space to ensure its high demand and profitability. The properties are designed with smart layouts and some of the latest technologies making these properties ideal for the new generation culture thats fit for both the postgraduates and retiree's.
The property purchases will be structured in a way which is tax efficent. A decision on whether the property is bought to sell or bought to let is decided prior to purchase. In cases where plan A may not manifest , plan B or C will be explored and carried out. All outcomes are planned to have a financial gain.
Funds obtained from Investors on a fixed rate return are used to purchase, renovate and dress these properties as many times as we can until funds are returned within the agreed time frame of 1, 2 or 3+ years.
The right location is paramount. People want to live in affluent areas with good transportation links and a nice community feel. Designing the right home for the perfect family takes research, method and intense eye for detail. Space is created and re-design ideas are crafted increasing the price per square foot.
We achieve a high standard and employ discounted and flexible pricing structures. We understand that markets change and therefore review pricing constantly to ensure we are up to date, allowing us to aim for optimum occupancy and price. Properties are both sold and let via external agencies whom are well established in the market.
With fixed loan arrangements, funds are returned within the agreed time scales. The monitary interest accumulated over time is paid alongside the original capital on the anniversary of the loan.
Joint ventures receive monetary rewards when the project is complete and sold on to new buyers or when the property has been refinanced after letting. Joint venture profit shares are usually formed as a 50/50 split after all costs.
Joint ventures can expect to gain their financial investment returns back plus share of profit within 9-12 months however may be able to be returned sooner if the property is sold quickly and the new buyers mortgage doesn't fall through.
Investments of any nature cannot be guaranteed but we can state transparently that we will deliver returns to our investors and are able to provide gurantees to add security to your investment.
The financial outlay needed for each property joint venture differs and is looked at on a deal by deal basis. Love property? Then you can join us on a specific deal and share the profit 50/50. This rewarding way is known as equity partneship.
We love to hear from people interested in the service but understand not all time zones are the same. Email is 24 hours so if you cant call or text then email.
Monday - Friday
09.00 to 17.00
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