Tuesday, Nov 18, 2008
who would be this stupid?
rightmove: Lea Bank Close, Macclesfield SK11 £350,000
BUY TO LET INVESTMENT OPPORTUNITY- currenntly tenanted until 15th August 2009 @ £995pcm.
Posted by mark @ 12:24 PM (1907 views) Add Comment
11 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. crutchley said...
There are some people out there who would be that stupid
For example
2. japanese uncle said...
This house is likely to be priced at 120,000 in 2011. Nice house!
3. Bankside said...
3.5% yield
Anyone? anyone??
4. This comment has been removed as it was found to be in breach of our Blog Policies.
5. Mapp1066 said...
Crutchley, that link in your comment (12:37) is truly unbelievable and should be posted in its own right!!
6. little professor said...
Great find mark!
Assuming the traditional 125% rental cover to get a BTL mortgage, the value of this house is over £200,000 less than they are asking for it.
7. Nopainonlypain said...
Overvalued and seemingly a very desperate seller!
8. monty032 said...
Many BTL 'investors' really are not capable of working out that this 'opportunity' offers a 3.41% gross rental yield, and indeed couldn't explain what a GRY is. They simply saw the chance of capital appreciation with no money down and decided, "I want some of that". Anybody reading this web site knows that the sums don't add up, but they haven't added up for at least five years. This is why house prices are going to fall and fall until mortgage interest payments and rents are roughly in line again, just as they always used to be.
9. Buzz said...
This is what i am up against in macclesfield area price wise!! everything is over priced, except auctions. One local EA is running auctions once a month now and houses are selling for up to 50% less than asking prices, which in my opinion is still over priced. A long long way to fall in this neck of the woods.
10. Fjcruiser said...
"Mr Pym confirmed he would step down from his job next summer, without any compensation, but having picked up a guaranteed cash bonus of £326,000 spread over two years"
If that is not called compensation what is then ?
11. This comment has been removed as it was found to be in breach of our Blog Policies.