Off-plan property is buying or investing in a property before the build has been completed. Off-plan property is often purchased at a discounted rate, compared to the value that the property would have once completed.
There is rising market demand for off-plan property investors in UK cities due to the benefits that they offer to investors.
Something for everyone: Redmayne Smith specialise in offering off-plan investment opportunities to maximise ROI and Ready to Rent options for immediate income. We provide property investment options from £40,000 to excess of £1 million, with investment options from all corners of the UK.
Easy to invest: Our diligent team will support you through every stage of the property investing journey. You can rely on an end-to-end service that gives you more time to spend your increased passive income in the way that you choose.
By your side: We’re a friendly face working alongside you. Our expert team will scrutinise every project and you will only be presented properties that are profitable and fit your investment goals.
There are a number of ways to fund off-plan property.
Savings: By putting money aside you can generate enough funds to make a fully-cash or part-cash purchase.
Mortgage Or Remortgage: You can borrow the value of the off-plan property with the assistance of a mortgage, providing you can meet certain criteria. If you own an existing property and it has risen in value, you may consider remortgaging. This means that you can withdraw equity tax-free against the new value.
Sell: This is good option if your old property is not meeting goals anymore. This needs to be considered with care, as it can lead to a capital gains tax bill.
Pension: If you are over 55, you can now withdraw all or part of a pension and utilise the cash how they choose.
Joint venture: Alternatively by teaming up with a family member, friend or another property investor you can create a joint venture. This allows you to split the costs in exchange for an agreement on the profit or the work, depending on the project.
There are many great benefits of off-plan.
Below market value properties: The cost of buying off-plan is often cheaper than buying an existing property. This is because developers are usually offering the property at discounted sale price to entice new buyers. Off-plan properties can be found at up to 55% below market value.
More freedom: Off-plan property has more freedom as investors can often influence the finish of the property.
Meets modern standards: New build homes have aesthetic benefits due to their fresh and modern designs. They also offer sustainable qualities and are more likely to meet the new, raised EPC criteria.
Capital growth potential: The off-plan property capital growth is often higher than other properties. This is due to the upwards mobility of house prices and the demand for properties in the area, stimulated by these properties.
Staged payments: With off-plan property, payment can be split into separate stages. This means that investors often don’t need to pay the purchase price until the development’s completion, instead they will just need a small deposit and a percentage of the overall property price.
Prices From – £244,995-£404,995
Long term Payment Plan – 6% reservation deposit & 24 Month Payment Plan
Long-term capital appreciation, accelerated by the Billions being Invested in the immediate surroundings.
Located a short walk from the UK’s largest infrastructure, HS2.
Type: Buy-to-Let
Priced from £384k – £462k
Predicted rental return from £1,800 – £2,200
Manchester Forecasted the UK’s highest growth at 29.4% in Property Value Over Next 5 Years 2025 – 2029- Savills
Type: Buy-to-Let
From £350k – £2m
Manchester is Forecasted at a 6% Gross Rental Income
Manchester Forecasted the UK’s highest growth at 29.4% in Property Value Over Next 5 Years 2025 – 2029- Savills (Branded Residences Are Always Outliers)
Type: Residential
27.0% predicted house price growth in Birmingham by 2026 (JLL)
14.8% predicted rental growth in Birmingham by 2026 (JLL)
Type: Buy-to-Let