The bargains are out there

I was in one of the locations where a sourcer had got me a 2 bed terrace for £25k.  It was in a section of this town where you could see there used to be wars but it had all quietened down! 

 

A few boarded up houses and very little cars parked outside and a number of To Let and For Sale signs were lining the streets.  I rang up one of the agents selling a property in the street I am buying to find out the selling prices of properties in this street.  I expected them to say £30k or so but to my surprise they said £60k!

 

I met the neighbours of the property I was buying who are renting and on the DSS and she said her landlord is selling.  I looked round her house, rang her landlord and he offered me his house with tenant for £48k.  No thanks, I am getting one for £25k.

 

I love properties under £25k and under.  The yields are ALWAYS in excess of 12% (my favourite threshold) and they always perform way above any other price ranged property on capital growth apart from prime central London properties.  This is because it is easier for a property to increase by 100% if it is starting from a lower price.

 

A £25k property will rise quicker to £50k that a £250k property to £500k.  So I would rather own 10 properties priced at £25k each than one property priced £250k, wouldn’t you?

 

So where are these £25k properties?  Well my team have found one.  We have decided on methodically uploading any properties that do not sell to our clients to our deals page within 3 days.  So watch this page.  Bookmark it.  You can view without being a member of the Ahuja Group and if you want to go for it then simply call.

 

View Deals Page

 

Ajay

 

PS If you want to get access to the real juicy deals that do not find themselves on the page above (Which is about 95% of them) then consider becoming a member.


Posted on: 19th Jul 2009






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