Exciting Growth in Our Sales Department: Welcome Samim!
29th May 2024
We are thrilled to announce that our sales department is expanding! Please join us in welcoming our newest team member, Samim, who brings a wealth of experience and a deep understanding of the market to our team. Samim is dedicated to building strong client relationships, ensuring that each transaction results in the best possible outcome. Samim is passionate about providing expert guidance and direction, and he believes there is no better feeling than seeing a client smile after receiving a fantastic offer for their property.
We are confident that his expertise and enthusiasm will greatly benefit our team and clients alike.
Celebrating Recent Successes: Case Studies of Our Recent House Sales
As our sales department continues to grow, we are excited to share some of our recent successes. Here are two standout case studies that highlight our commitment to achieving exceptional results for our clients.
Coapt are positioned as the market leading independent agent for both property rental and sales in Brighton and Hove. This is of huge benefit to our landlord clients in ensuring they receive tailored advice on buying, letting, managing, and selling their property assets.
Elmore – A Professional Let in Hanover
Investment Snapshot
- Purchase Price: £360,000 (August 2018)
- Rental Income: £1335 per month (January 2021 – April 2024)
- Sold Price: £440,000 (Asking Price: £425,000) (April 2024)
Case Study Highlights
Our sales department’s growth is a direct reflection of our dedication to excellence. We’re thrilled to present a case study that showcases our strategic prowess in the property market.
Strategic Acquisition
- Initial Investment: In August 2018, we identified the potential of a 2-bedroom property in Hanover and secured it for £360,000.
- Rental Revenue: The property consistently generated a monthly rental income of £1335 from January 2021 to spring 2024
- The site was primarily targeted due to our client’s presence for quick capital appreciation and a rental income to at least cover temporarily leveraging on the purchase.
- Profitable Sale
- Market Navigation: Our expertise allowed us to navigate the market’s ebbs and flows, culminating in a sale that not only met but exceeded expectations.
- Sale Achievement: In April 2024, we successfully sold the property for £440,000 STC, surpassing the asking price by £15,000.
- Value Maximization: This sale transition from rental to residential is a testament to our capability to enhance property value for our clients.
- Our client secure capital growth at £80,000 in 6 years as passive earnings, with in the region of £100,000 rental income as active earnings.
Our Commitment
The success of Elmore Road is a clear indicator of our ability to deliver exceptional results. Our team’s market acumen and commitment to client satisfaction are the driving forces behind our achievements. As we continue to expand, we remain focused on providing unparalleled service and fostering long-term client relationships.
Here’s to setting new benchmarks in the property market!
Birdham – A Student House in Bevendean
Property Overview
- Purchase Price: £433,000 (March 2017)
- Rental Income:
- September 2017 – August 2018: £2817 per month
- September 2018 – August 2023: Consistent and lucrative rental (prices varied)
- September 2023 – August 2024: £2903 per month
- September 2024 – August 2025: £3055 per month
- Sold Price: £440,000 (Asking Price: £450,000) (February 2024)
- Yield at Time of Sale: 8% gross
Success Story
This 5-bedroom student house in Bevendean stands as a testament to our expertise in the Buy-to-Let sector. Let’s delve into its remarkable journey:
- Initial Purchase:
- In March 2017, we acquired this property for £433,000.
- Our client intended to be mortgage free and sought an investment that prioritised active rental return over capital growth with minimal further investment needed.
- Over the years, the property consistently generated rental income:
- Coapt let and managed the property for this period, balancing our client’s appetite level for investment into the asset over time vs improved rental returns.
- In this instance it was favoured to minimise input and increase value in line with market growth. Maintaining the asset for efficient running but minimising net spend.
- Strategic Sale:
- In February 2024, they decided to sell.
- We secured a successful sale at £440,000.
- The rental yield at the time of sale stood at a commendable 8%.
- Over the period of ownership, the initial investment was maintained with a sale £7,000 more than purchase price, but with £252,588 in gross rental profits over 7 years.
Our Expertise
This Buy-to-Let (BTL) sale exemplifies our ability to achieve strong returns for our clients. We take pride in our accomplishments and look forward to more successes as our sales department continues to grow. With talented professionals like Samim on board, we’re better equipped than ever to deliver outstanding results and provide top-notch service to our clients.
Here’s to many more prosperous ventures ahead!
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