Packaged vs. normal property investments
To let you see why our packaged property investments represent a much better value prospect than typical unpackaged properties, we've compared the costs of purchasing a typical 2 bedroom flat in Glasgow.
Unpackaged Property
Offers over £75,000 and a surveyor's valuation of £80,000. Price paid £83,000. The property is in need of some small repairs, redecoration and furniture before it can be let.
| Repairs | £ 2,500 |
|---|---|
| Void period* | £ 1,587 |
| Furniture | £ 2,500 |
| Safety | £ 300 |
| Letting fees | £ 600 |
| Legal & surveys | £ 900 |
| Total | £ 8,043 |
*Void period calculated based on 3 months @ 7.5%
Both calculations exclude initial deposit of 15-30%.
AIMS Packaged Property
Fixed price £78,000 and the same valuation of £80,000. Tenants already in place. The property is in perfect rental condition, with all safety checks, leases, etc, already sorted.
| Repairs | £ 0 |
|---|---|
| Void period | £ 0 |
| Furniture | £ 0 |
| Safety | £ 0 |
| Letting fees | £ 0 |
| Legal & surveys | £ 900 |
| Total | £ 900 |
Phenomenal savings of 90% on comparable unpackaged property
Based on this example, a typical investor could save nearly 40% on their initial costs alone by purchasing through AIM. Don't forget the work, time effort and expense incurred during a normal purchase including viewings, surveys, legal and financial fees.