It’s no secret that Kent enjoys one of the most lucrative up and coming property markets in the UK. And no one knows the value of South East English investments better than Fergus and Judith Wilson. Renowned as Britain’s biggest buy-to-let tycoons, the Wilson’s made a fortune buying up property within the county. Now, the pair have sold their entire portfolio to Arab investors, scoring an eye-watering price tag of £250 million. All up their portfolio consisted of over 900 properties.
From maths to magnates
As ex-maths teachers turned property tycoons, they’re an inspirational example of how buy-to-let ventures can lead to seriously lucrative returns. They’ve been building up their portfolio for over 30 years, kicking things off when prices were low. Today, they’re multi-millionaires residing in a luxurious £2 million home near Maidstone.
So how did the couple manage to build such a colossal property empire. According to Mr Wilson, his key strategy was to snap up new build homes, then re-mortgage them when the resale value rose. He spent over three decades exercising this strategy, and now owns hundreds of properties across Ashford, Maidstone and Folkestone.
“It was remarkably easy because no-one knew what they were doing. I didn’t care if I didn’t make a profit as long as I owned the properties. I knew they would rise in value eventually,” reveals Mr Wilson.
Kent property boom pushes prices up
While he didn’t predict it at the time, Kent was the best possible area he could have chosen to kick-start his property empire. With house prices in London skyrocketing, Kent has emerged as a popular alternative with capital commuters in search of affordable living. Most Kentish towns are within reasonable commuting distance to the capital which makes it an attractive option for families, couples and singles alike.
As a result property owners in Kent have enjoyed healthy returns on investments, with the latest figures from the Land Registry revealing that the average property price in Kent has risen 8.2% in the last 12 months. Now, the average Kent property sells for around £221,312.
Want to be a part of the Kent property boom? Give us a call today to chat about how we can help you kick-start your property portfolio. Our expert team of in-house CDS experts are always on-hand to help you find the investment property you’ve been dreaming of.