Case Study
Almost £1 million pounds in just three years
Meet Mark Vowles and his partner Rachel Baines. Mark and Rachel have a plan - a plan to develop a sizeable and secure income over the coming years. How do they intend to achieve this? By investing in the property market of course, and they are already well on their way.
Early in 2002 Mark and Rachel drew down on some of the equity in their house; they used this to purchase 2 off-plan apartments in Manchester. Working as a development surveyor Mark realised the potential that Manchester offered and felt that the likely capital growth and rental income were a perfect match for their property investment strategy.
As these properties grew in value Mark and Rachel decided to draw down some of the equity and purchase another off-plan property. Understanding the importance of spreading risk Mark and Rachel made the decision to buy in a new location and soon decided upon Nottingham - another location that balanced fantastic growth potential with great rental income. Whilst searching for suitable property Mark stumbled across Property for Life. "I felt that Property for Life really knew how to source a great deal so I was very keen to work with them" says Mark. The result was a new purchase in Nottingham city centre.
With the portfolio growing rapidly Mark and Rachel continued to expand their portfolio. Further purchases in Leeds and Nottingham have been added to the list and so the purchases continue. With a current value in the region of £950,000 of which approximately 15% is equity Mark and Rachel are well on their way to achieving their goal of a £1.5 - £2 million portfolio over the next 5-7 years. Mark says "I find Property for Life to be a very organized company. They keep us constantly informed of any new opportunities that may be of interest and we will definitely continue working with them in the future".
Mark and Rachel have created a sound and sensible portfolio that will provide a very substantial income in time. We wish them well with their on-going venture.
