Many people have a view on the property market, and some may well have had their fingers burnt recently. The fact remains however that judicious purchase of the right property in the right area can lead to substantial returns both in the short and long term.
We at Audentia Property Strategies provide a service where we source properties at below market value, project manage any refurbishment required, then organise rental (including full management) or sale depending on what the client requires.
We mostly source properties we can add value to – we aim for at least £10,000 immediate equity after any refurbishment work required is completed. To put this in context, this is around a 15% immediate return (if the property was to be sold).
A mistake a lot of people make is they spend too much on buying the property initially so the rental returns are relatively low. It is not uncommon for someone to spend £120,000 on a property providing rental of £450 or £495 per month – a return before any costs of 4.5% to 4.95%.
If however around £60,000 - £65,000 was spent on a property sourced by Audentia, then the value of the property for resale should be over £75,000, and rental of £375 to £395 per month achieved. This is a return before costs of 6.9% to 7.9%.
Also, for a similar outlay, the client could own two houses rather than one hence spreading the risk.
If you are interested in finding out more about what services we can offer, please contact us on 077755 60010, or via our website at www.audentiastrategies.co.uk.
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