CunningPlan Posted February 28, 2017 Share Posted February 28, 2017 http://www.rightmove.co.uk/property-to-rent/property-63167144.html It's a nice property - but it is in the Isle of Wight FFS Not too many high flying bankers around there. Average rental for a 2 bedder is about £700 pcm. 4 bed with sea views about £1200. Average wage about £16k Someone is going to lose their shirt on this one. PS You could have this for a third the price. http://www.rightmove.co.uk/property-to-rent/property-58282384.html Quote Link to comment Share on other sites More sharing options...
Bankside Posted February 28, 2017 Share Posted February 28, 2017 It's also the first place if seen that wants the tenant to pay the Service charge - in addition to the £4k monthly rental! Quote Link to comment Share on other sites More sharing options...
Nabby81 Posted February 28, 2017 Share Posted February 28, 2017 I'll put forward this beauty http://www.rightmove.co.uk/property-to-rent/property-53964461.html A nice 180 a month rent increase from last year's already high price as well Quote Link to comment Share on other sites More sharing options...
CunningPlan Posted February 28, 2017 Author Share Posted February 28, 2017 9 minutes ago, Bankside said: It's also the first place if seen that wants the tenant to pay the Service charge - in addition to the £4k monthly rental! I wouldn't have thought an extra £344 per month for window cleaning would bother someone lashing out £4k / month. Quote Link to comment Share on other sites More sharing options...
CunningPlan Posted March 3, 2017 Author Share Posted March 3, 2017 What do we make of this one - £2,000 pcm for a hut in the woods? http://www.primelocation.com/to-rent/details/43129230?search_identifier=e8bda523bafe879ff579bd12e45efb68#WOxKcGDyGHB7oBYD.97 Can't cost more than £20k to build that - 100% return on investment in 10 months? It is the Surrey version of beds in sheds. Quote Link to comment Share on other sites More sharing options...
Pop321 Posted March 3, 2017 Share Posted March 3, 2017 On 28 February 2017 at 2:49 PM, Nabby81 said: I'll put forward this beauty http://www.rightmove.co.uk/property-to-rent/property-53964461.html A nice 180 a month rent increase from last year's already high price as well I love this one. You can go to the toilet, shower, watch tv, fry an egg and go to bed all at the same time. What a horrid place. I Hope it remains empty for a decade. Quote Link to comment Share on other sites More sharing options...
disenfranchised Posted March 3, 2017 Share Posted March 3, 2017 (edited) I've been lurking on the BTLscumlordz sites a fair bit recently trying to get a feel for how they are going to react to S24 A lot of them appear to be trapped in an "appeal to consequences fallacy" where they believe tenants will pay significantly more rent because they need them to, and the alternative outcomes mean they are ******ed. VIs like Belvoir are giving them plenty of ammo to feed a confirmation bias too. Edited March 3, 2017 by disenfranchised Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted March 3, 2017 Share Posted March 3, 2017 I like the last one. What would something like that cost to buy? (Im Assuming you know the area) Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted March 3, 2017 Share Posted March 3, 2017 On 28/02/2017 at 1:45 PM, CunningPlan said: http://www.rightmove.co.uk/property-to-rent/property-63167144.html It's a nice property - but it is in the Isle of Wight FFS Not too many high flying bankers around there. Average rental for a 2 bedder is about £700 pcm. 4 bed with sea views about £1200. Average wage about £16k Someone is going to lose their shirt on this one. PS You could have this for a third the price. http://www.rightmove.co.uk/property-to-rent/property-58282384.html ^^^^^ see previous post Quote Link to comment Share on other sites More sharing options...
Patient London FTB Posted March 3, 2017 Share Posted March 3, 2017 2 hours ago, disenfranchised said: I've been lurking on the BTLscumlordz sites a fair bit recently trying to get a feel for how they are going to react to S24 A lot of them appear to be trapped in an "appeal to consequences fallacy" where they believe tenants will pay significantly more rent because they need them to, and the alternative outcomes mean they are ******ed. VIs like Belvoir are giving them plenty of ammo to feed a confirmation bias too. Belvoir and their like probably don't see the harm in luring new buyers into BTL with the pretext of increased rents either Quote Link to comment Share on other sites More sharing options...
Horridbloke Posted March 3, 2017 Share Posted March 3, 2017 2 hours ago, disenfranchised said: I've been lurking on the BTLscumlordz sites a fair bit recently trying to get a feel for how they are going to react to S24 A lot of them appear to be trapped in an "appeal to consequences fallacy" where they believe tenants will pay significantly more rent because they need them to, and the alternative outcomes mean they are ******ed. VIs like Belvoir are giving them plenty of ammo to feed a confirmation bias too. Bang on. This is solipsism at its finest. Somebody's going to come along within a couple of weeks and sign up to rent those properties, because the alternative doesn't bear thinking about... Quote Link to comment Share on other sites More sharing options...
CunningPlan Posted March 4, 2017 Author Share Posted March 4, 2017 1 hour ago, GreenDevil said: ^^^^^ see previous post Sadly I have no idea. I cannot compete with current buyers so don't really study the prices. Rental costs are all I look at. Agreed it is a nice place - but so wrong in many ways. Quote Link to comment Share on other sites More sharing options...
Foreverblowingbubbles Posted March 4, 2017 Share Posted March 4, 2017 14 hours ago, CunningPlan said: What do we make of this one - £2,000 pcm for a hut in the woods? http://www.primelocation.com/to-rent/details/43129230?search_identifier=e8bda523bafe879ff579bd12e45efb68#WOxKcGDyGHB7oBYD.97 Can't cost more than £20k to build that - 100% return on investment in 10 months? It is the Surrey version of beds in sheds. A glass hut in the middle of woods?! Imagine being in there in the dead of night.... lights on, no curtains, the feeling that anyone could be out there in the trees looking at you. It looks like the setting of a horror movie. A reality TV show based on a cruel psychological experiment that goes horribly wrong Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted March 4, 2017 Share Posted March 4, 2017 2 hours ago, Foreverblowingbubbles said: A glass hut in the middle of woods?! Imagine being in there in the dead of night.... lights on, no curtains, the feeling that anyone could be out there in the trees looking at you. It looks like the setting of a horror movie. A reality TV show based on a cruel psychological experiment that goes horribly wrong Just what I was thinking, and 2000 for the privilege. Ridiculous. Quote Link to comment Share on other sites More sharing options...
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