The Opportunity
In a nutshell, you can buy property at 75% of CURRENT market values, install a tenant and generate positive cash flow. Purchase prices from £50,000 for Victorian and Edwardian houses. No new builds or flats.
In addition, you will be buying in an area which is bucking the recession with its own thriving micro economy. This is an area benefiting from Massive Inward Investment. The £200 million Waterfront project alone will create 1,500 new jobs, will take 15 years to complete and STARTS in 2009.
Add together a vibrant local economy, with low property prices and a strong rental market, and you’ve got the ideal location for investing in property.
So why are we offering these properties to you?
The fact is that we started sourcing properties at 75% of market value a year ago, and bought them ourselves. Over time we built up a “buyers list” of other local people who heard about what we were doing. BUT, we are able to find new opportunities so quickly that our buyers (some of whom have already bought multiple properties) are not able keep up. We’re now in the happy position of being able to offer these properties to a small number of people from outside our immediate area.
Our Local Micro Economy
We operate in a town called Barrow in Furness which to some people is working class backwater, and to some extent that’s true. Look behind the scenes however, from a commercial point of view, and the picture is VERY different.
- The high street has shops from every major retailer represented.
- A major employer has work lined up for the next 20 years and is actively recruiting staff.
- A MASSIVE development is underway to transform the west end into THE premier watersports area in the country.
- Hugh clearances of sub standard housing are ongoing.
- The town is billed as the gateway to the Lake District, in 30 minutes you can be wandering on the fells.
- We even have our own airport !
In fact you could be forgiven for asking “What the hell is going on in Barrow”
And here’s the crazy thing – YOU can buy a 3 bed terraced property for £50,000, borrow all the cash, and rent it out for a positive return.
Links To Websites Providing More Information on Barrow in Furness
Barrow Docklands Development
The West Lakes Renaissance Website has details of the Waterfront Development, Barrow Town Centre and local enterprise agencies
Barrow In Furness Information
Discover Barrow provides information on what it’s like to live and work in the Furness area
Barrow Waterfront Development
Website with more in depth information about the Waterfront Project
BAE Systems
Information from the areas largest employer