Is below market value property discounted?
Yes — this is exactly what BMV property means. BMV means below market value. A typical property investment is sold at close to 'full market value'. A below market value property is one that is discounted below the value of comparable local market prices. The prices can vary, but typically they can be under value by anywhere from 5% to 20%, with each property being discounted differently depending on the reason for sale, local market, rental yield and speed of sale required.
What locations are the below market value deals available in?
Our partners cover the whole of the UK. However as new opportunities come available frequently, the locations will change regularly. Properties have been available in the past in London, Birmingham, Manchester, and many more major cities and towns. So for the latest below market value properties in London or discounted opportunities in Manchester, please sign up for free above and your 1-2-1 consultant can keep you updated with the latest BMV properties as they come available.
How many BMV properties do you have available?
This changes weekly. We currently are showing three BMV deals on this page and when new opportunities come in, our partners update their clients straight away. Because of this some BMVs are off-market property deals and sell before they go live on the website. So to get access to the discounted properties as and when they come available please sign up for free above to get notified of new BMV opportunities.
How do you find properties below market value?
To get the best deals our partners go direct to property sellers. These can be developers looking to sell excess stock, homeowners who need a fast sale, or landlords looking to sell their investment property and exit their portfolio. By dealing directly with the sellers they are able to negotiate the best deal for all parties, which can include a fast sale at a discounted price. They do all the hard work so you don't have to. To find the best BMV deals, all you need to do is check your email inbox each week for the latest opportunities, sourced, negotiated and presented ready for you to consider.
How do I assess the discount on a below market value property?
Start with the price of the unit you are buying and compare it with similar properties that have sold nearby. Bedroom count, floor area, condition and lease terms all affect that comparison. A reduction from an old asking price alone does not tell you how much below market value a property is. Ask your consultant what valuation and comparable sales the quoted discount is based on, so you can see how it was calculated.
Can I buy a BMV property for buy-to-let or holiday letting?
A below market value purchase can be used for either strategy, where the property allows it. For a long-term let, compare the monthly rent and annual running costs. For a holiday let, look at nightly rates, occupancy and management costs. Those are different income models, even for the same apartment. Tell your consultant which route you want to take, so you can discuss available properties and the seller's projections for that use.
Are below market value properties always off-market?
Below market value describes the price compared with similar local properties. Off-market describes how a property is offered for sale. The two can overlap: a seller may agree a discounted price through a direct introduction. But a private sale is not automatically discounted, and a publicly listed property can also sell below market value. For any BMV deal, the useful question is what supports the valuation and the price you are being offered.
What should I ask about a BMV property before buying?
Ask for the floor plan, purchase price and comparable sales behind the discount for the unit that interests you. Then ask for the seller's rental projections and cost breakdown for your intended letting strategy, along with the available management service and its fees. Sign up above and tell your consultant which property you want to discuss, your budget and whether you plan to use a mortgage or buy with cash.