Case studies - residential property bought for clients

Brief:

• Acquire a lettable, low-maintenance apartment for future occupation during retirement.

Acquisition:

• Two-bedroom home in North Oxford in 5-year-old new-build block

Our rationale & service:

• High quality apartment built by a developer we know and trust.
• £10,000 price reduction negotiated.
• We let several in the block and know that tenants like living there.
    Result:
   
• Happy clients and the property has been let ever since by our North Oxford office.
   

Brief:

• Acquire central Oxford property (ideally freehold) readily lettable with a view to longer term capital gain.

Acquisition:

• One-bedroom split level mews-style upgraded Jericho house.

Our rationale & service:

• Recently enhanced by adding two rooms from existing garage
• Purchase negotiated with existing client without putting the property on the open market

Result:

• Purchase made with tenant & furniture in-situ – hence immediate rent for new client.

Brief:

• Recently retired professional sold previous family home. Used some of the proceeds to buy smaller property as so little income available from bank savings due to low interest rate.

Acquisition:

• Modern two-bedroom apartment with all existing carpets, curtains and fittings purchased in village conservation area but within Oxford ring road.

Our rationale & service:

• High quality development where we already have another apartment and know tenants are happy.
• Decorum Interiors furnished as all upstairs apartments need to be.

Result:

• We negotiated a reduced price for a quick sale as our client had funds ready and was ready to proceed.

Brief:

• Reinvestment of residual funds from larger property sale. Flexible location.

Acquisition:

• New build first floor apartment in Woodstock with larger than average living space and very light East West orientation with lovely views .

Our rationale & service:

• Finding a brand new property costing 60% less than North Oxford, but with excellent facilities within walking distance.
• Not all good applicants need a central location and some even prefer a quiet view to city convenience.

Result:

• Our excellent ongoing relationship with high profile national estate agents means we have the opportunity to have first pick on new developments. This apartment was not openly marketed.

Brief:

• New overseas investment client asked us to pre-qualify a potential purchase: their first. They required us to advise them whether they should purchase the existing furniture and equipment.

  
  Acquisition:

• We confirmed its suitability and suggested a surveyor, who we then liaised with to reassure them that all was well. This was a ‘set–piece’ interior designed duplex apartment and with our help they purchased the most important pieces of furniture. We were then able to fill the gaps.
    Our rationale & service:
   
• This is the first investment property they have purchased as part of a portfolio which they are buying in the best parts of OX2, which FK will manage.
• We are now developing a joint strategy
    Result:
   
• Initial rent assessment increased by 10% and let on the first viewing.