|
| Mr. & Mrs. S - 3 bedroom villa with
communal pool |
Mr. and Mrs. S bought a 3 bedroom detached villa with a communal pool shared between 5 villas in 2002, with an ‘off plan’ purchase being best suited to the couple for them to spread the payments out over the 12 month build time. The purchase was intended purely as a personal holiday home with occasional holiday rental, but after 2 years the couple decided to move up the ladder and make a permanent move over to Northern Cyprus and upgrade to a larger villa. Their holiday home provided a superb unintentional investment. |
| Purchased: |
July 2002 |
 |
| Purchase price: |
£63,000 |
| Type: |
off plan |
| Property sale price: |
£100,000 |
| Sold: |
May 2004 |
| Capital appreciation over 22 months: |
58% (32% per annum) |
| Rental return: |
4,800 (based on 16 weeks occupancy per annum @ ₤300 per week - 7.6% return on investment per annum. ) |
| Total gross profit: |
£37,800 |
|
| Period of time: |
22 months |
|
|
|
