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Developers in Risca
Risca stock that is not earning.
If Risca stock is finished but not selling, it can earn while it waits. One company let, one monthly payment, and vacant possession back when you have a buyer.
Three Ways We Work
What we would take from a developer.
Unsold & Slow-Moving Units
A finished unit that has not sold earns a fixed monthly sum instead of a council tax bill, and comes back to you when a buyer appears. How this works →
Site Team Accommodation
Beds for the people building it: your team together, near site, on one account that invoices once a month. How this works →
Whole Block or Phase
Whole-block lettings under a single company let, with a phased start if that suits both sides better. How this works →
Risca
How the figure is reached
We price the scheme in front of us rather than the postcode. Two developments a mile apart can support very different figures once access, parking, service charge and layout are taken into account.
Risca
How it runs day to day
Once the property is handed over, rent is paid on the same date each month for the term, whether or not anyone is staying in it. That is the arrangement itself, not a concession.
Risca
Where this fits, and where it doesn't
It works for owners who are some distance away, because nothing about it requires them to be nearby.
Risca
Compliance, plainly
Fire safety equipment is specified by use, not by preference. Getting it wrong is the kind of mistake that only surfaces at the worst moment.
Risca
What we won't do
We do not quote a figure before somebody has looked at the property. A number produced from a postcode is a marketing device, not an appraisal.
Risca
The first step
The quickest starts are the ones where compliance paperwork is already to hand. It is worth gathering it before getting in touch.
Coverage
Other places we work near Risca
Straight Answers
The part that does not flatter us.
Our size is the first thing you should test. Two properties, no scheme history, and a covenant you are entitled to examine before any of this becomes a plan. Company No. 16187542, and we will hand over what you need to check it properly. For a block or a phase, assume we will be asked for security of some kind, and assume we will agree that it is reasonable.
Nothing on this page is a valuation, a financial promotion or investment advice. Terms are specific to the scheme in front of us and are agreed in writing before either side commits.
Your Questions
What developers want to know about Risca.
Still not sure? Ask us about your property and we'll answer for your specific situation.
What do you need from us to price a Risca scheme?
Location, plot numbers, tenure and the service charge position, the completion date, and your expected sales window. Certificates where they exist. The more of that we have, the less hedged the answer.
How long does it take to get an answer?
The review itself is quick. What usually sets the timeline is compliance paperwork - the EPC, the electrical certificate or the gas safety record arriving - rather than anything on our side.
What condition do the Risca units come back in?
The standard is agreed before we take them, off a schedule of condition with photographs at handover. Fair wear and tear is expected on a property that has been lived in; anything beyond that is ours to put right.
Do you buy unsold stock?
No. We take property on a lease and pay rent - we are not a cash buyer and we do not make offers on completed units. If something needs work rather than being finished, send it to us and we will see whether it fits an investor on our list.
Are you VAT registered?
Maine Property Solutions Ltd is not VAT registered, so our invoices carry no VAT. VAT on property leases depends on tenure and on whether an option to tax is in place, so take your own advice on your recovery position.