First Time Property Investor Case Study
Location:
East London
Budget:
Up to £250,000
Criteria:
A good level of monthly income. Capital growth not a priority
Asking Price:
£285,000
Discount:
25% below market value
Equity Gained:
£70,000
Monthly Income:
£765 net monthly income
Background:
This client wanted to build a property portfolio but wasn’t sure how to get started. Using our extensive contacts and researching techniques, we were able to source a two bedroom apartment within the East London area.
Solution:
The value of this property was £285,000, however using our negotiation skills and knowledge of the market we were able to achieve a purchase price some 25% below market value. This gave our client instant equity of over £70,000. A light refurbishment was carried out.
The property is now rented bringing an NET income of over £700 per month.
The property is now rented bringing an NET income of over £700 per month.