| How to Make Money from Offplan Property Abroad |
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| Purchase price |
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£125,000 |
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| Purchasing costs |
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£6,250 |
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| Total Purchase price |
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£131,250 |
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| Deposit |
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25% |
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£37,500 |
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| Property due for completion in 18th months |
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| Capital Growth of |
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40% |
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£50,000 |
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| Property Now Worth |
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£175,000 |
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Option 1 |
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| Use Gauranteed Mortgage and Rent for 2 years then sell. |
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| rental income |
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4% |
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£5,000 |
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| Mortgage repayments |
3% |
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£2,813 |
* |
| Excess of |
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£2,187 |
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| After 2 further years |
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| based on only 5% per annum capital growth |
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| Property value now |
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£192,938 |
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| Sale costs |
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5% |
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£9,647 |
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| Proceeds |
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£183,291 |
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| Outstanding payment to builder |
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£93,750 |
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| Excess of |
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£89,541 |
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| Profit of |
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£52,041 |
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| Equating to |
138.78% total return on your initial investment |
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Option 2 |
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| Flip and sell at completion |
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| sell property for |
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£175,000 |
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| Sale costs |
5% |
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£8,750 |
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| Proceeds |
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£166,250 |
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| Outstanding payment to builder |
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£93,750 |
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| Excess of |
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£72,500 |
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| Profit of |
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£35,000 |
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Equating to 93.33% return on initial capital invested |
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| * Please note figures provided are for illustrative purposes only, |
| Final figures will vary and are not gauranteed |
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With over 25 years
experience in the Estate Agency and Financial Services sectors in the United
Kingdom we are ideally placed to help you locate your property in the sun.
During that time we have developed working relationships with carefully
chosen local real estate agents and builders in all popular areas of
Portugal, Spain, The Canaries, Cape Verde Islands, France, Cyprus, Hungary,
Bulgaria, Turkey, Crete and Florida.
Contact:
Stephen Selby or Heather
Wilkinson
Telephone: 0151 356 5096
Mobile 0797 943 5406
email:
info@cheshiremortgages.com
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