High Income Investment Property Case Study
High income producing investment property
Location: |
Essex |
Budget: |
£170,000 |
Criteria: |
Investor keen to have a high income producing property |
Purchase Price: |
£151,000 |
Discount off asking price: |
£14,725 |
Net Income Generated: |
£1,100 per month |
Refurbishment: |
£15,000 |
Revalue: |
£190,000 |
Background: |
This client had an existing property portfolio, but was keen to find properties that would give a high monthly cash flow. |
Solution: |
We were able to source this client a property in Essex on the market for £151,000, and by using tactical negotiation, obtained an excellent discount of £14,725.Following a cosmetic refurbishment costing just under £15,000, this property now brings in a net monthly income of £1,100 per month.
The property is now valued at £190,000 and we are in the process of refinancing to enable the client to purchase another property. |