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Property Sourcing Company Fights Recession And Helps Local Business Along The Way
2buy2let has aided property purchases worth over £3 million since 2011. The company is bucking the housing trend by sourcing low cost, below market value properties producing excellent yields for experienced and first time investors.
Started in 2011, the business has helped its investors purchase over £3,000,000 worth of property in various areas in England & Wales. One of their primary focus is purchasing stock that has either been derelict or neglected for extensive periods of time. The company helps to buy these properties at below market value rates, then uses local tradesmen & women to renovate the houses and return them to their former glory. In a lot of cases, the properties are then rented to housing associations or housing benefit tenants and so assist to ease the pressures on local housing supply.
Andrew Rohrer, a director of the company said "We look for property that requires minor renovation or in some cases, a complete internal refurbishment. In all instances, we look to build & develop relationships with local trades to get these projects complete. In areas where we purchase high volumes of property we will use these contractors on an ongoing basis, rather then have our Swindon based team travel to and from site to complete the works. We like to keep it local wherever we can, and have built up some excellent partnerships along the way!"
The business has recently expanded to the North of England, currently undertaking developments in Durham. Helene Simpkins: Director, elaborated "We have been operating in South Wales for some time now and have experienced solid results in those areas, after some preliminary due diligence we have now started to work in the North East, piloting Durham as a test area. We have a few projects at inception stage and once completed will look to roll out across more of this County".
The business seems to be going from strength to strength and the team have ambitious plans to develop their model across more of the Country in 2013.
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