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Thursday, 5th July 2007

Your chance to go up in the world

Your view to a profit
Your view to a profit
SOME people’s decision to invest in property is based on estimated yields, long term gains and thorough homework into the market.
 
For Jean Jones it was a walk over hot coals and a chance meeting with the woman selling apartments at Beetham Tower.
 
Jean explained: “I was chatting to her and we kept being interrupted by people who had bought with Beetham in Liverpool and wanted to do the same in Manchester. I had never invested in property before but I thought: ‘I must get onto this bandwagon’.
 
“Then I went with my family to a weekend seminar on boosting success and it was brilliant, really inspirational and we all did a firewalk.
 
“We were all on a real high and the next morning I just decided to ring the Beetham woman and she told us they were nearly all sold and we would have to be quick, so we committed to a two bedder on a corner that cost £270,000.
 
“It was my first step into property investment and was more of a leap really.”

Sentimental attachment
 
That was back in 2002 and once she started buying she carried on with another apartment in Royal Mills and a third on the prom at New Brighton. Jean said: “It’s the old Chelsea Reach where I used to go dancing and so the building has great sentimental attachment.
 
“The idea was that they all completed and matured over a space of time but it’s not worked out like that.”
 
Like many of off-plan buyers at the tower, Jean is from The Wirrall and completed the deal in January, since when she has furnished it well and spends at least two weekends a month in the city. Now it is up for sale – for £320,000 including parking – and Jean said: “I have just decided to take the profit from it now because I want to invest in other interesting schemes, this time a bit closer to home.”
 
She has fierce competition. Deansgate based Shepherd Gilmour are the agents for sales and lettings at the tower and currently has half a dozen two bedders on its books ranging from £310,000 to £350,000.
 
Jean, who has just launched her own stock-broking business, said: “I am not worried, I know the price of our apartment is very competitive. I also know that it is an amazing place to live right in the heart if the city.”

She is selling the apartment herself through ads in the M.E.N. and its web page. Go to myspace.com/beethamtower

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