Cash available: £200,000
Property purchased: £475,000
Our Client
- A mature City professional planning for retirement
- Recently received annual bonus
- Living in South West London
Assets
- Existing five properties (all acquired with advice from Ben Temple)
- Equity portfolio
- ISAs and cash savings
Reason for Enquiry
- General interest in property but found sourcing the right investment problematic
- Substantial funds available for investment and wanted to diversify from equities
- Seeking an alternative source of income
Temples London Role
- Evaluate needs and aspirations, agreeing a target type of property
- Independently sourced properties for investment
- Advised on purchase of Yield Plus properties due to proven better income returns and good capital appreciation
Outcome
- Over 20 properties pre-viewed over several weeks
- Offer was placed on one property which was subsequently purchased
- Ben Temple organised the refurbishment and furniture to a high standard
- The property let very quickly for the asking price
Benefits
- Agreed a purchase 5% below market level
- Gross yields of 7% projected
- Immediate capital appreciation achieved
- Client expectations exceeded such that another property already being discussed