Mr Stevens came to Choices in September 2016 with £70,000 to invest.
In October 2016, we worked with Mr Stevens to purchase a detached three bed house. The
property was the show home of one of our preferred developer contacts and they wanted to rent
the property back for a period of 12 months whilst they finished out their site. Mr Stevens was to
receive £800pcm without any need to instruct a local lettings agent. He also had the option to
purchase the furniture within the house at a discounted rate when the 12 months tenancy was
due to end. He had wanted to invest in the South East but due to his budget we were able to
show that this property fitted his financial goals.
Purchase Price – £184,950
Current Value – £214,950
Instant Equity – £30,000
Rental – £800pcm
Yield – 5.2%
We have discussed releasing some equity from the property after 12 months in order to help
fund the next purchase and build the portfolio.