#TBT - Another whopping deal!

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As you all know I keep a lookout for deals that I believe make an interesting investment opportunity. Part of my whole research process is looking at past sales and performances.

Back end of 2014 I posted the below property on my blog as a good potential for investment.

 http://bexleyproperty.blogspot.co.uk/2014/10/belvedere-3-bed-with-potential-yield-of.html

What happened back then?

August 2015 the property was snapped up for £140,000, amazing value for a 3 bedroom split level maisonette. On the market with Apex Estates, at that time you would have been looking at £950 pcm in rent - netting the Landlord a very respectable yield of 8.1%.

What about in today's market?

Well let's start with the rental income. Presently a 3 bedroom flat in the area achieves £1,000 pcm quite comfortably. This improves the yield slightly to 8.6%.

But what's impressive is the actual value.

Mann & Co have recently received an offer of £316,000 on a 3 bedroom townhouse on the same road and, unfortunately, there aren't many 3 bedroom maisonettes to compare to but 2 bedroom apartments are selling for well over £200,000.

Looking at the above figures, I would be confident in saying that the 3 bedroom maisonette would be worth around £250,000; giving the new owners an incredible increase in capital of 78.6% - a whopping £110,000 in 20 months!

Now that is impressive!

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