My current purchases are:

4 x 2 bed flats in West Scotland

These were introduced by one of our property sourcers. The purchase price was 30,000 GBP and rental possibility of 350 GBP to 400 GBP which has the potential to be a 16% yield! Now they are in a bad area. That is kind of obvious by the price, but they will let to single mums or an older couple of the DSS. I put in for a survey and asked them to value it up at 40,000 GBP. They came back with a value of 35,000 GBP. So in effect 14.2% BMV which is nice as this contributes to my deposit of 15% with Mortgage Express. So it is a virtually a no money down deal with a yield of 16%.

Now I did not know what the value was going to be. I just asked (quite cheekily) for it to be valued at 40,000 GBP and they compromised at 35,000 GBP. This helps any investor massively.

3 x 1 bed flats on an island off Scotland mainland
These are from one of my sourcers again. Purchase price 33,300 GBP. Have told the valuers they are worth £40,000 so I will see what they come back with. They will rent at 325 GBP per month. So nearly a yield of 12%.

My Total Anticipated Monthly Profit From These Purchases
The total profit per month from these 7 flats is in excess of 1,000 GBP per month and I have had to put very little in.

If you want to get similar properties please contact enquiries@ahuja.co.uk

Ajay

P.S. Just got an offer accepted for a 4 bed 2 reception HMO for 75,000 GBP. I will convert one of the reception rooms in to a 5th bedroom and I will get a potential profit of 800 GBP per month. Nice.

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