Maximising investment
and market growth
In February 2009 our clients were unhappy with the interest return on their capital invested in their bank. They spotted a “project”, an un-modernised terraced property near to the city’s university that had recently become vacant due to the death of the owner.
Cash buyers they secured the property at a low price on the basis they would exchange and complete the transaction within a month. Clearly our clients were keen to proceed quickly and with the assistance of the seller’s solicitors, the transaction was exchanged and completed within a speedy two weeks.
The refurbishments needed were completed by our clients in a further two weeks, so that within a month of negotiation tenants were installed. The rental return is in the order of 6%, a significant increase on the bank return, and with the opportunity of capital growth as the housing market improves our clients are delighted.