An owner of 82, rents untouched for 14 years, and a building priced below its area average. An off-market letter campaign surfaced all three in one opportunity.
The opportunity
Through our off-market letter campaigns, we identified a unique situation: an 82-year-old owner who hadn't increased rents in 14 years, creating an exceptional yield opportunity.
Property details
- Configuration: first-floor flat (AST), ground-floor hairdresser and coffee shop
- Purchase price: £250,000
- Area context: £290,000 area average
- Yield achieved: 7.3% (favourable compared to area average)
Results
- Favourable purchase terms: competitive pricing structure
- Transaction fee: £35,000 + VAT
- Future opportunity: rent reviews could enhance yield further
- Strategic value: strong cash-flowing investment secured