394 - Deals Deals Deals with Mark Barrett & Tom Appleton

Unable to add items

Sorry, we're unable to add the item because your cart is already full.

Add to basket failed.

Please try again later

Add to wishlist failed.

Please try again later

Failed to remove from Wish List.

Please try again later

Adding to library failed

Please try again

Unable to follow podcast

Unable to unfollow podcast

394 - Deals Deals Deals with Mark Barrett & Tom Appleton

Listen for free

View show details

Season's Savings | 0.99 €/month for 3 months

5.99 €/month thereafter - terms apply. Cancel monthly.

# £715k Equity and £43k Projected Annual Cashflow: Tom Appleton's Deal of the Year Tom Appleton returns for his third appearance to share the Wakefield HMO project voted "Deal of the Year by his peers on the Property Entrepreneur board in September", his second consecutive win. After agreeing the purchase in 2023, Tom waited two years for vacant possession before transforming a tired property into 12 spacious, high-spec studio-style HMO rooms. With total project costs of approximately £725,000 and an achieved valuation of £1.44 million, it's a deal that demonstrates the value of persistence, local relationships and a strong team. Tom explains how he found the opportunity, funded the purchase and refurbishment, and created accommodation attracting professional tenants, including doctors and nurses. The deal in numbers - Purchase price: £340,000 - Purchase and associated costs: approximately £30,000 - Refurbishment: £325,000 - Total project costs, including finance approximately £725,000 - Achieved valuation: £1.44 million - Value created: approximately £715,000 - Gross rental income: £11,040 per month - Room rents: £895–£995 per month - Planned refinance: approximately £725,000, intended to recover all invested capital - Projected cashflow after refinancing: approximately £3,600 per month, or £43,000 a year. The property remains an HMO, with 12 studio-style rooms and a licence for 15 occupants, rather than 12 separate flats. Facilities include three shared kitchens, a cinema room and a utility room. Figures are approximate and discussed in the recording. The valuation had been received; refinancing and the resulting cashflow were projected at the time. What we cover - Tom's journey from football and coaching in Los Angeles to investing in property in Yorkshire. - How a mentor inspired his longer-term ambition to build an investment business. - The role Property Entrepreneur played in his development, network and business partnerships. - How buying the property next door led to this opportunity. - Keeping a purchase alive through a two-year wait for vacant possession. - Documenting the property's existing use and securing a certificate of lawfulness. - Delivering a substantial refurbishment with a main contractor. - Using investor funding for the purchase and joint venture capital for the renovation. - Achieving premium rents through spacious rooms, quality finishes and a strong location. - Managing the properties in-house through Cali Living. - Tom's plans for larger residential and commercial investments through Ten Equity. Tom's three lessons from this deal 1. Be persistent. Good opportunities can take years to come together. Regular communication and a strong relationship with the seller helped keep this purchase on track. 2. Build a strong team. A reliable main contractor freed Tom to focus on finding opportunities, developing the business and building investor relationships. 3. Tell people what you do. Conversations with neighbours and local contacts can lead to valuable relationships—and your next deal. Advice for investors starting out - Invest in your education. Learn from other people's experience before making expensive mistakes yourself. - Build your network. Seek out experienced investors, mentors and people with similar ambitions. - Play to your strengths. Understand where you add value and bring in people whose skills complement your own. Listen to Tom's previous appearances - Episode 188 — December 2023: £100k PA Profit from One Deal. - Episode 292 — May 2025: Asset Building: Three Deals, £500k+ Equity and £100k+ Annual Cashflow. Connect with Tom Appleton Tom welcomes conversations with potential investment partners interested in longer-term property projects, and anyone with opportunities in Leeds, Wakefield or London. - Instagram: [@tomappleton10](https://www.instagram.com/tomappleton10/) - Email: [tom@tenequity.com](mailto\:tom@tenequity.com) Work With Mark Barrett & The HMO Agent Whether you're a landlord, investor, developer or business owner with capital to invest, Mark would love to hear from you. Get in touch if you're looking to: - Sell an HMO, block of flats or property portfolio and discuss your options for an exit. - Explore long-term leases or supported living partnerships to improve cashflow and reduce day-to-day management. - Buy investment property, including off-market HMO and portfolio opportunities. - Explore capital partnerships or joint ventures, bringing together investment capital and property experience. - Get support with an HMO or block, including consultancy, deal structuring and identifying your next steps. Whether you want to sell, invest, lease a property or partner on a project, contact Mark for a confidential conversation. - Personal website and capital partnerships: [marksbarrett.uk](https://marksbarrett.uk) - HMO, block and portfolio sales and long-term leases: [...

No reviews yet