An English Buyer.
Our clients were a couple living in Islington that wanted a buy-to-let investment in the local area that represented good value. Our search came at a time when the market was as busy as it had been since just before the 2008 crash so finding anything that was good value was extremely hard. Open houses were being conducted on a Saturday with 40 – 60 people and 15 – 30 offers were being made on the Monday. Almost every flat in the area was selling for over asking price.
The Perfect Conclusion
We were able to buy one of the first 12 flats released in a new development called Mettle & Poise in Bethnal Green. Through our relationship with the selling agent we were able to hand picked which unit we wanted. Prices were increased immediately after the first release and a few weeks later, an equivalent flat sold for £590,000. The price per square foot being asked for by the developer was extremely reasonable – lower, in fact, than many comparable flats in the area on the open market at the time.