In this episode, we dive into the world of property development with Sara Poskitt, a successful developer with over 15 years of experience. Sara shares the fascinating journey of her latest project - a strategic renovation of a block of four apartments in the highly sought-after area of Harrogate. Discover how she identified hidden potential and transformed the outdated layout into modern, desirable living spaces that capitalise on market demand and maximise investment returns.
Sara discusses key strategies for maximising profit margins when flipping properties, emphasising the importance of innovative design and optimising floor space. Learn how she strategically chooses investment properties by analysing local market trends and employing effective methods like title splitting. Sara also highlights the significance of due diligence in selecting property locations, sharing her approach of engaging with local communities—what she calls "boots on the ground" - to gather valuable insights.
Join us for a compelling discussion filled with practical tips for both new and seasoned property investors, as well as the mindset needed to navigate challenges in property development. If you find this episode inspiring, don't forget to subscribe for more valuable insights from industry experts!
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Chapters:
00:00 Coming up
01:50 Who is Sara?
02:50 Building a Property Portfolio While Working Full-Time
04:45 Financing Your First Property Investments
07:25 The Harrogate Project
16:46 Designing High-End Spaces: Maximising Layouts and Floor Plans
22:01 Choosing the Right Strategy for Each Property
23:50 Deciding Where to Invest: Location and Market Insight
28:40 Title Splitting and Investment Methodology
35:04 Advice for New Investors: What Sara Would Tell Her Younger Self
37:48 The Reality of Property Investment
43:24 Connect with Sara
Contact Sara:
Email: sara.poskitt@lomot.co.uk
Linkedin: https://www.linkedin.com/in/sara-poskitt-33348013/
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