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Nice Investment, 22 Grosvenor Square, Mayfair, London W1K 6DT

Case Study: Multi-Let property
Iain Cartmill

Iain Cartmill is an investment banker based in Zurich who visits the UK twice a year.

Having built up a significant pool of cash, he started looking around for the right investment in 2005. The London property market seemed like the best in the world for steady growth, and after analysing its future potential, Iain used his network of friends to search for a solid investment company. He was introduced to Nice Investment by a friend who lived next door to a house that had been refurbished and rented by the company.

The key thing for Iain was to find a ‘One-Stop-Shop’ that could look after everything from finding the right properties to refurbishing and renting them out – and Nice Investment ticked all the boxes.

Iain made his first purchase in April 2006: a four bedroom house in Canada Water costing £312,500. The refit was completed in four months and the property fully let one month later.

A revaluation of the house put the value at £425,000, releasing enough equity to make a further purchase in September 2006.

This next property was a large townhouse in Canada Water, purchased for £428,000. Following a 4 month refurbishment, the property was re-valued at £575,000. Iain immediately released further funds to purchase a large house in the Docklands for £610,000 and another Victorian property in Stratford for £288,000.

He now has six properties under management and his portfolio is worth an estimated £2.2 million, with loans of £1.2 milliion.

First house summary:

property

‘I was introduced to Nice Investment through a friend, who was impressed with their business model. I had been looking into property investment for about 3 years but couldn’t find a company who would take care of everything, as I had no time to get involved. I approached Nice and discussed their model with some of their clients. It has been the perfect solution: my properties are all performing well and I’m looking forward to purchasing another five over the next three years.’

Case Study: Multi-Let property
Joe Rosen

Joe Rosen is the Managing Director of a South African Bank. He was very interested in the London property market because of the significant growth over the previous few years and the high rental yields. After being introduced to Nice Investment, we tailored a strategy to meet his goal of maximising equity gains over a five to ten year period.

The way that Nice Investment selects properties appealed to Joe. The use of industry standard techniques to assess the local postcodes for growth, references to independent surveys, transport assessment, and analysis of economic demographics all proved to be a rock solid foundation for his investment.

The first property Joe purchased was in Canary Wharf, which was then fitted out for rental on a single-let basis in 2006. Nice Investment’s unrivalled network of contacts allowed us to secure the property at a price well below market value, offering the potential for a fast equity release. Following a revaluation two months later, £40,000 was released and channelled into Joe’s next purchase.

This was a multi-let house also in Canary Wharf, and we immediately converted it from a four-bedroom to a six-bedroom house. All rooms were let within a month, providing a surplus of £1000 per month in rental.

In terms of equity growth, Joe’s investments have returned £65,000 in the first year, with local prices expected to achieve growth of up to 71% over five years.

Joe now has 6 properties under management with Nice, whilst his portfolio is worth an estimated £2.4 million, with loans of £1.4 million.

First property summary (5 bed flat converted from a 3 bed):

property

‘I met the guys a few years ago through a friend of mine who was using their services and recommended them. My key driver for business is good returns and doing business with people I can trust, and Nice fits the bill. I would be very happy to recommend their service and I can honestly say my investments have all been carefully selected and well managed. I will definitely be doing more business with them.’

Case Study: Single-let property
Mathew Broom

Matthew manages a Marks and Spencer store in London and currently rents a flat close by.

Matthew has always been interested in building up a portfolio of property, primarily to create a pension fund. He had saved a total of £50,000 to buy his first property but, confronted by the harsh reality of London house prices, decided to put the dream on hold for a couple of years.

Shortly afterwards, he met Nice Investment at a trade show – and his plan got back on track. Nice Investment made it possible for Matthew to purchase a flat, fit it out for rental within four weeks of completion and actually begin to make a profit every month, so he decided to go for it.

With an unrivalled network of contacts in estate agents, solicitors, local councils etc. across London, Nice Investment specialises in locating properties at below market value. Together with the refurbishment, it allowed Matthew to revalue the property, remortgage it and get back the bulk of his initial investment within a few months.

Matthew is so impressed with the solution that he intends to purchase another this summer.

He now has 1 flat under management with Nice and his portfolio is worth an estimated £220,000 with loans of £150,000.

First house summary:

property

‘I met up with Nice at a property investment show. I was impressed by their professional nature and non-salesy approach to property investment. They truly live up to their name and I feel very well looked after. I am now a property investor and it has only cost me £10K. I intend to buy another flat or even a house very soon and I’m definitely using Nice Investment for it all. Great stuff guys!’

Case Study: Multi-Let property
Peter To

Peter To had always considered investing in property, but found the cost of entry and personal time required a little daunting. He was introduced to Nice Investment through a colleague, and decided that our all-in-one service was perfect for his requirements.

Peter’s objective is to build a portfolio that will increase sufficiently in value to allow him to retire in ten years. So, with growth in equity remaining a primary aim, we are working with him to locate, purchase and rent out multi-let houses that also deliver income far in excess of monthly interest payments.

His first investment property was a multi-let house we located on his behalf in the docklands and secured for £310,000, £35,000 below market value. The property was converted from a four-bedroom to a six-bedroom house, including a loft conversion. The rooms were all let by Nice Room within four weeks for an average rental of £625/room.

Revaluing the property immediately after the refit allowed Peter to take out equity and channel it into the next one, with the cycle successfully repeated time after time.

He now owns seven properties and his portfolio is worth £2.8 million, with £2.2 million of loans.

First house summary:

property

‘I bought my first multi-let house in December 2004 with Nice Investment. They were switched on about property locations and their unique business model for renting room by room gave me the confidence I needed that I could achieve excellent rental yields with minimal financial risk. As it was my first foray into property I was quite apprehensive about the decisions I had to make, but they acted as mentors guiding me though the whole process. Since then I haven't been able to stop and have 7 properties, all managed by Nice Group.’