Buy to Let - Case Studies
| Date | October 2002 |
|---|---|
| Result | Negotiated £20,000 discount on 3 bed, 2 bath in-fill town development of only 6 houses behind Main Street in Bicester (asking price £195,000, purchase price £175,000). |
| Long Term | Let furnished in November 2002 and constantly occupied at £795 pcm. Capital appreciation instant plus already increased further. |
| Date | September 2001 |
|---|---|
| Result | For off-shore trust. Complicated purchase of 10 properties (mixture of 1,2 & 3 bed penthouses) on new inner-town regeneration in Swindon – former NCR car park. Lots of negotiations with developer, solicitors and client. £1.6 million purchase price – with a good discount (we furnished all the properties too). The highest amount paid for a penthouse in Swindon. |
| Long Term | Deal struck to let on a Corporate serviced let as well as AST’s, all occupied since purchase. Excellent portfolio mix for client and office. Capital gains unexpectantly high. |
| Date | July 2001 |
|---|---|
| Result | Purchase of 4 bed, 2 bath town house off the Botley Road. £295,000 discounted to £250,000 (restricted not to sell for first 12 months though). Adapted top landing with sky light to let light in and Decorum furnished. |
| Long Term | Constantly let furnished and just re-let for 2nd time. Rent has gone down due to competition - £1500 down to £1300 but still showing reasonable return. Capital gain instant and gained further since minimal maintenance. |