Cash available: £1,000,000
Properties purchased: £870,000 and £465,000
Our Client
- A private equity professional based in Europe
- Parental family home in London still owned
Assets
- Share portfolio only
- Current property with no mortgage but not lettable
Reason for Enquiry
- Our Client wanted to take the first step on the ladder with regard to property investment portfolio
- The aim was to create an alternative income from a property portfolio but with one property available for the family in future
- Looking for a straightforward investment opportunity
Temples London Role
- Evaluate needs and aspirations agreeing a target type of property
- Independently sourced property for immediate investment and future family home
- Introduced to IFA/Mortgage adviser to enable some debt to be arranged
Outcome
- Suitable family flat / Investment found where work required
- Retained to refurbish the property for letting
- A second investment flat sourced with a higher income at 6%. Yield Plus 4-bed property sourced with tenants
Benefits
- Client was able to purchase two properties with just two visits to the UK
- Immediate capital appreciation achieved
- Future family flat secured and let until required and investment purchase completed all within a few months.
- Property portfolio set up and now income producing