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| Mr. C - 6 x apartments |
Mr. C bought 6 off plan apartments in January 2003 with the intention of a short term investment to sell on once completed after the 15 month build time. With the bargaining power of a multiple purchase, he acquired the apartments at discount from the standard marketing price and sold the properties on with 15 months worth of capital appreciation, maximizing his return. |
| Purchased: |
January 2003 |
 |
| Purchase price: |
£210,000 @₤35,000 each |
| Type: |
Off plan |
| Proprty sale price: |
May 2004 |
| Sold: |
£55,000 each |
| Capital appreciation over 15 months: |
57% (45% per annum) |
| Total gross profit: |
£120,000 |
|
| Period of time: |
15 months |
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