Rent is the new pension, sales case study : Rhymney St.
We recently featured a Rent is the New Pension campaign, where it is becoming more favourable to invest in property rather than pension. Our sales team have proven that this investment strategy, when put in place, can work and can have great economic benefits for both seller and purchaser.
According to new data from the ING International Survey on Homes and Mortgages, “The majority of people across Europe (79%) believe it is better to own a property than rent” which shows that Europeans put a high value on property when it comes to investment. Specifically in the UK, where buyers are investing for their future and retirement plans with “21% viewing their home as part of their pension” significantly higher than the European average of 15%.
CASE STUDY: RHYMNEY STREET
A mid terrace house in Rhymney Street, Cathays, was on the market at the beginning of the year and purchased for £145,000. Now towards the end of the year and following extensive renovations and redevelopment we have sold the property for £345,000. A perfect investment opportunity with instant income, as the property is currently tenanted and achieving £2,275 per month in rent with a tenancy agreement in place to continue this income until end of June 2016.
This case study is exemplary to ‘rent is the new pension’ and we will continue to work with investors and landlords to utilise the ‘Buy to Let’ property industry.
To support this, an Office for National Statistics Study of 20,000 people showed that “42% believe that property is the secret to creating the largest pension fund possible; a 10% rise from 2010”.
In addition Chrissie Lightfoot (twitter handle @TheNakedLawyer) also agreed that property is an investment and “Has been for me since the age of 16”.
If you think you would like to become a landlord or maybe have a property you would like to sell on, please call our Estate Agent team on 02920489000 (Option 1 for sales).
*You should consider whether this information is appropriate to your needs and where appropriate seek advice from a financial adviser. www.rentisthenewpension.co.uk
Published: November 10, 2015BACK TO NEWS LIST