

Haddon Properties, was formed in October 2007 to invest in distressed properties that require refurbishing or complete re-development for sale or rental. The investment in distressed properties will primarily be in Kingston-Upon-Thames, Wimbledon, Merton and surrounding suburbs. However, it has Associates all over UK to deal with properties outside its primary area. It will either pass the deal to one of the associate or form joint ventures in buying distressed properties. It will also invest in off-plan properties in India and Dubai.
Looking4aquicksale is one of the division of Haddon Properties, which focus on purchasing properties from people who would like to sell very quick. For more information on all services pls visit www.looking4aquicksale.com.
In UK, we target properties that can be acquired at 80% or below of the current fair market value after repairs. These properties generally need moderate to major renovations to go into the resale or rental market. The resale value of the properties after repair ranges from £120,000 to £350,000. While our main objective is to make a minimum of 15% profit based on the After Repair Fair Market Value on each deal, we are also aware of our responsibility to the communities we do business in, and our role in the betterment of these communities. Therefore, we always make every effort to provide products that are of good quality and will blend in well with the neighbourhood.
Best Brit Homes focus on developing new homes and LetFast division focus on managing properties owned by Haddon Properties as well as by other Landlords in Kingston, Wimbledon and Merton areas.
As we develop our business we have put in place a solid group of people with defined roles that will ensure our success such as Estate Agents, Solicitor, Building Contractors, and Lenders. As with any business we will continually evaluate each member’s role and contribution and make necessary changes.
We find properties through a variety of sources including but not limited to local Estate Agents. The condition of the properties at the time of acquisition will range from badly in need of repair to ones only needing minor cosmetic repairs. The repair cost will range from £5,000 to £75,000 depending on the type of work required. The properties usually are all in need of paint, carpet, new kitchen and bathroom. Since most of these properties have been neglected for some time they almost always need landscaping as well as major system checks. We pass up on properties with major foundation problems, extensive roof damage, odd floor plans and those that require lead paint, asbestos, or radon abatement that could result in significant cost overrun.
The most critical factor to our success is buying the property at the right price. We determine the Fair Market value after renovation by reviewing recent comparable sales for the area.
It is our goal to establish a good name as soon as possible so that deals will come to us through other investors, individuals, finders and estate agents. Our expansion plans are realistic and achievable. We are confident that we have the right people on our team and right process in place to achieve our goals