Mr Sami came to Choices in August 2013 with £100,000 to invest.
In September and October 2013, we worked with Mr Sami to reserve three units. One was a tenanted flat in Carshalton, close to Croydon and two were off plan apartments in Ashford, Kent with an initial investment of £80,000 for the properties.
Purchase Price – £148,750
Current Value – £235,000
Capital Growth – £86,250
Rental – £850pcm
Income since completion (Dec 13) – £32,300
Ashford: 2 units
Purchase Price – £132,500 each
Current Value – £170,000 each
Capital Growth – £75,000 for both units
Rental – £1,520pcm
Income since completion (Apr 2016) – £15,200
We worked with Mr Sami to release equity from these original properties which he has since reinvested in properties in Birmingham, Bradford and Walsall.
From an initial investment of £80,000, Mr Sami’s portfolio is now worth in excess of £800,000 and has a gross annual rental income of £46,000 before costs.