TENNYSON VILLAS - DERBY
This three bedroom Victorian townhouse in Derby's Strutt's Park Conservation Area was sourced and purchased by us for a former yacht crew deckhand. After extensive renovation, £60,000 was added to the value. Anchor Property helped the client negotiate a purchase price well below market value.
Money invested: £75,000
Rent after costs: £300 pcm
Return on investment (ROI): 4.46%
RIVERSIDE APARTMENTS - DERBY
This two bedroom apartment in Derby City center was purchased with our support by a deckhand on M/Y Lady S. The property provides luxury accommodation and was bought with a tenant already in place. Anchor Property helped the client negotiate a £3,500 reduction of the purchase price and have arranged the management of the property too.
Money invested: £33,000
Rent after costs: £200 pcm
Return on investment (ROI): 7.2%
HERITAGE COURT - DERBY
This flat in Derby is being purchased on behalf of a client who has recently retired. The development is still under construction but through close connections with the local agent, we were able to visit the site pre-completion. As such we have secured one of the best flats in the block before it was publicly viewable. This developer has also offered £1000 towards legal fees and is covering the stamp duty tax, which on this property would have been £2,820.
Money invested: £23,500
Rent after costs: £140
Return on investment (ROI): 7.1%
DRAGON ROAD - HARROGATE
A year on and this one bedroom apartment, purchased on behalf of a second stewardess, has proven to be a big investment success. After some minor improvements, the property was let very quickly and still remains tenanted. It was recently valued at £115,000 which is a £9,000 annual increase in value.
Money invested: £29,000
Rent after costs: £190
Return on investment (ROI): 7.8%
EDWARD STREET - DERBY
This converted Georgian townhouse contains four self-contained flats. The property was purchased on behalf of a Rolls Royce contract engineer, who, working internationally, needed our guidance and support.
Money invested: £71,395
Rent after costs: £750
Return on investment (ROI): 12.6%
MILL LANE - RIPLEY
Purchased over a year ago at auction this property after some minor improvements was let to the current tenant, who has just renewed for another year. This property was purchased outright with cash, which as shown below, can drastically improve the return.
Money invested: £55,000
Rent after costs: £400
Return on investment (ROI): 8.7%
BRIDGE STREET - ILKESTON
These two properties were purchased at the same time securing a good price well below market value. After some re-decoration and damp proofing the properties where let very quickly.
Money invested: £70,000
Rent after costs: £450
Return on investment (ROI): 7.7%