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RDA ESTATES LIMITED
(We arrange it all)
The first steps to becoming a property tycoon courtesy of RDA Estates
Assuming a purchase with an 80% mortgage loan & a 20% deposit, for as little as £25,080 it is possible to purchase a studio flat for £80,000 which has the potential to increase in value to almost £500,000 in just 20 years with an average growth of 10% a year. According to the latest figures property across the UK rose 24% Jul 01 to Jul 02 and 14% from Jul 02 to Jul 03. So 10% is not so much a dream but a real possibility.
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Chart A shows the potential of £25,080 used as a deposit, and fees plus potential update to buy a studio for £80,000 and bring it to the standard where the net rent received should almost completely cover the cost of a mortgage *. Based on rents rising a modest 3% per annum it won’t be long before the net rent covers the full mortgage. |
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Chart B shows the possibility of turning £31,380 into £672,750 by purchasing a one bedroom flat for £110,000 assuming the same annual 10% property value growth. It is expected that the net rent will repay 85% of the mortgage * during a 20 year mortgage period. |
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Chart C shows what happens to £36,630 when used to purchase a two bedroom flat for £135,000. It has the potential to turn into a staggering £825,647 During the period of the mortgage it is expected that net rent will repay 95% of the mortgage payments * |
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NB* 1. Mortgage repayments are based on a fixed rate of 4.89%, a current two year fixed rate of a major lending bank.
2. Currency used is GBP Sterling.
What is the track record of RDA Estates in finding good investment properties?
Here are just two examples from the many hundreds of successes enjoyed by clients of RDA Estates.
RDA Estates has been operating for 11 years, living up to its motto “We arrange it all”. RDA offers a personal service to all its clients, making arrangements for the best mortgages, choosing the right property, rental, looking after the refurbishment, right down to sending the client a photograph album of the property once finished and recommending local solicitors & UK Tax Accountants. That’s not the end, the property is regularly inspected at least 3 times a year, and when its time to sell, RDA arranges that too. Nothing is too much trouble
Rates & detail as at September 2003