£950K Profit or a Flooded Money Pit? Mentoring a First-Time Developer | Property Mentors Ep4

Martin Roberts and I are back in Essex — and this time we're mentoring Abby, a rural chartered surveyor ready to take the leap into her FIRST ever property development. We show her two very different deals… and one of them hides a £950,000 profit. 🏠 Deal 1: A stunning Grade II listed watermill (built 1730!) on the market for £1M — with a river running through it, serious flood defences, and a public footpath we only discovered mid-viewing. Family home, serviced offices or flats? Finance expert Scott runs the numbers on a potential £2M end value. 🚜 Deal 2: A plot near Brentwood with planning permission for three barn conversions — £850K in, £3.3M GDV out. We break down exactly how a first-timer could fund it with just 15% down. Oh — and Poodle, our trusty Fiat 500, breaks down on a country lane. Yes, I pushed. No, Martin won't let me live it down. ⏱️ CHAPTERS 0:00 Meet the mentors (and Poodle) 0:58 Deal 1: The £1M listed watermill 3:37 The footpath nobody spotted 6:10 Inside the 300-year-old mill 8:33 Flood risk: what you MUST check 13:59 Scott runs the numbers: £2M end value? 20:37 Poodle breaks down (send help) 23:38 Deal 2: 3 barns, £950K profit 27:05 The finance: how to fund it with 15% down 30:37 Abby's verdict 32:58 Which deal would YOU do? Want to take part in Property Mentors? Get in touch at propertymentors.tv Access my Property Development Ai Avatar for FREE - https://www.nicholaswallwork.com/ NEW SERIES OF PROPERTY ELEVATOR! Watch now: https://www.amazon.co.uk/gp/video/det... 🏠 Want to learn more about the world of property development? Visit my property education website: https://www.nicholaswallwork.com/prop... 📱FOLLOW ME ON SOCIAL MEDIA: Instagram:   / nicholas_wallwork   Facebook Page:   / thenicholaswallwork   LinkedIn:   / nicholaswallwork   📚I WRITE BOOKS: Buy my new book "The Extraordinary Millionaire," here - https://amzn.eu/d/bpycPlB My other books - https://amzn.to/4g5CWvv For any speaking or collaboration enquires, please email [email protected] #permitteddevelopment #propertyelevator #propertyinvesting #investinginproperty #propertyinvestinguk #propertyexperts #propertyspecialists #planningpermission #coaching #dragonsden #ukpropertyinvesting #propertyinvestor #propertyinvestment #landlord #landlordadvice #landlordlife #entrepreneurlife #finance #money #viral #findingmoney #angelinvestors #angelinvesting #nicholaswallwork #propertydevelopment #propertydeveloper #propertyconsultant #developmentconsultant #propertymentors #propertymentor #ai #openai #artificialintelligence