|
| Mr. M |
Mr. M bought 8 off plan apartments in March 2005 with the intention of maximizing discount and selling during construction with the intention of gaining a short term turn over with minimal capital out lay, as only part of the total purchase price would have been paid at the time of resale. The properties were marketed after just three stages of construction were reached, and only 60% of the purchase price paid out, giving a real return of 48% on the outlaid investment over 12 months. |
| Purchased: |
May 2005 |
|
| Purchase price: |
£316,000 @₤39,500 each |
| Type: |
Off plan |
| Proprty sale price: |
£408,000 @ ₤51,000 each |
| Sold: |
May 2006 |
| Capital appreciation over 12 months: |
29% |
| Total gross profit: |
£92,000 |
|
| Period of time: |
12 months |
|
|
|
