Monkey_Boy Posted June 24, 2005 Share Posted June 24, 2005 1) Private 2) £550 3) 1 4) Surrey 5) £170K Landlord bought before current boom, is a friend so does mates rates. People in the same block are paying up to £700 a month. Quote Link to comment Share on other sites More sharing options...
STR@2%GY Posted June 24, 2005 Share Posted June 24, 2005 1) Private 2) £2000 3) 5 4) Surrey 5) £750,000 Quote Link to comment Share on other sites More sharing options...
foreverenter Posted June 24, 2005 Share Posted June 24, 2005 1) Private 2) £700 3) 4 4) East Lancs 5) £250k ish Quote Link to comment Share on other sites More sharing options...
beerhunter Posted June 24, 2005 Author Share Posted June 24, 2005 (edited) Sorry about the delay... trouble replying (Thanks Webmaster for fixing it!) For all private uk renters posts upto and including #81... Can you calculates the Yields individually, and then Averge them? I get an average of 4.33% (max 7.66%, min 2.42%) SO WITH Mortgage Interest rates at 5.5%,The Average HPC poster is being subsidised by... 5.50 - 4.05= 1.45% x £219,000 = £3,176 per annum or £265 per Month ... 0r £8.82 per Day THANX PIGGIES! <{POST_SNAPBACK}> Calculating each posters subsidy (using your figure of 5.5% mortgage interest rate) and averaging I get £3400 (max £17250, min -£3400) Or a total annual subsidy of £222k between 65 posters Does this exclude the housesharers? as we will sqewe the results...<{POST_SNAPBACK}> It was just a quick average of everyone... this post only deals with the private renters. Done. Average of Individual Gross yields is: 4.25% The data used to calculate this is attached and below. I'll do some more analysis shortly. Thanks RJG18! Other Interesting Stats:Lowest Gross Yield = 1.42% Highest Gross Yield = 7.66% Median Gross Yield = 4.20% I make the lowest private renter Gross Yield as 2.42%... and average is a bit higher at 4.33%. Average (Mean Av) Gross Yields for Property Type:Average Monthly Rent per Property Type: Average Property Price for Property Types: Thanks again RJG18.. interesting figures... esp the gross property yields for property type... the "bucket shape", with lowest yields for 3-4 beds... i guess 1-2 beds have higher yields because traditionally there is more demand for them... where as 5 bed are the opposite because there is less supply? Edited June 24, 2005 by beerhunter Quote Link to comment Share on other sites More sharing options...
200p Posted June 24, 2005 Share Posted June 24, 2005 Great work, a real eye opener. My LL is making somewhere 6.78% yeild! Its probably even more because I checked out he bought it for 59K, two years ago. It is currently worth about 69K for these units as I stated - no takers for next door still. Quote Link to comment Share on other sites More sharing options...
Jason Posted June 24, 2005 Share Posted June 24, 2005 It would be good if people looked on NetHousePrices to find out the price your landlord paid. I have adapted a spreadsheet I have to work out the mortgage rates, thought it might help you all. N.b enter values in the blue, the forumales for capital repayment are correct so play around with the interest rates as you wish. P.s. Sorry its scruffy, I can't be bothered to make it smarter! Quote Link to comment Share on other sites More sharing options...
Jason Posted June 24, 2005 Share Posted June 24, 2005 With the attachment this time, you'll have to change the extension to .xls (Excel). (I didn't realise you couldn't attach spreadsheets on here) Quote Link to comment Share on other sites More sharing options...
Freelance Mycophagist Posted June 24, 2005 Share Posted June 24, 2005 1) Agent 2) £825 3) 2 4) Surbiton, Surrey 5) £185,000 Quote Link to comment Share on other sites More sharing options...
Antsy Posted June 24, 2005 Share Posted June 24, 2005 1) Private 2) Monthly rent £750 3) Number of bedrooms - 2 double 4) County - London SE26, next to Crystal Palace Park 5) Estimated property value (if sold today) Not sure - 1 bed upstairs recently SSTC for 130k, ll bought ours for 123k in August 2002, so probably around 220k now. Just got news each flat is being hit for £300 pcm for repairs and service charge next year. Expect he put down a big deposit, but that's still got to hurt... Glad I'm not a homeowner. Quote Link to comment Share on other sites More sharing options...
Guest muttley Posted June 24, 2005 Share Posted June 24, 2005 Is there any chance that this thread could be pinned? Quote Link to comment Share on other sites More sharing options...
Noseyparker Posted June 24, 2005 Share Posted June 24, 2005 1. Private. 2. Monthly rent £550 3. 3 4. Lancs 5. Maybe £150,000. LL bought for £20,000 in 2000 but bought from his mothers estate so probably below market value. Next doors bought at almost the same time for £60000. Quote Link to comment Share on other sites More sharing options...
HenryWeston Posted June 24, 2005 Share Posted June 24, 2005 (edited) 1. private 2. £130 pcm 3. 3 4. Herefordshire 5. £130,000, was bought for £25,000 in about 1995 i think. rent is cheap because im related to the owners! bargain, but i did see a cottage going for £100 pcm the other week! but it had gone unfortunately their was a slight catch though...it had NO services connected. Edited June 24, 2005 by HenryWeston Quote Link to comment Share on other sites More sharing options...
Beadbo Posted June 24, 2005 Share Posted June 24, 2005 (edited) 1) private LL 2) £495 pcm between 2 peeps less expensive than some places rnd here as has woodchip! 3) 2 bed largeish flat 4) West Yorks 5) Poss £160-170K comparing to present asking prices for similar properties, tho LL bought whole house which is 3 2 bed flats 20years ago, so he is not a BTL Johnny come lately to the LL game Edited June 24, 2005 by Beadbo Quote Link to comment Share on other sites More sharing options...
Once Bitten x2 Shy Posted June 25, 2005 Share Posted June 25, 2005 1. Private 2. £1,200 per month 3. 4 bedrooms 4. East Sussex 5. £400,000 Quote Link to comment Share on other sites More sharing options...
a j Posted June 25, 2005 Share Posted June 25, 2005 1. Private 2. £600 per month 3. 1 bedroom (very pokey) 4. St Albans, Herts 5. £150,000 Quote Link to comment Share on other sites More sharing options...
WBFTB Posted June 25, 2005 Share Posted June 25, 2005 1) Private 2) 550 /month 3) 1 4) Hertfordshire 5) 125k (?) Quote Link to comment Share on other sites More sharing options...
beerhunter Posted June 25, 2005 Author Share Posted June 25, 2005 (edited) Beerhunter,Your post #82: "I get an average of 4.33% (max 7.66%, min 2.42%) . . . Calculating each posters subsidy (using your figure of 5.5% mortgage interest rate) and averaging I get £3400 (max £17250, min -£3400) Or a total annual subsidy of £222k between 65 posters " Have you the Raw figures?: Average Rent, Average House price, Average yield, Average monthly savings?? <{POST_SNAPBACK}> Sorry about the delay.. was busy brewing up some beer See the attchments... a html for easy viewing for those without a spreadsheet.. and a csv (extension changed to txt to upload it) for those with Any errors are mine A couple of notes.. 1) Where people say between x and y, I've taken the average figure, ie between £160k and 170k became £165k. 2) For those sharing a house, I've taken the libity of assuming they are renting 1 bedroom.. I think its difficult to compare directly with renting a flat / house.. except you would expect the avrege house sharers rent to be less than that of a 1 bed flat. An additional thought: Last night I thinking about this subsidy.. well actually the amount saved by renting compared to buying today with a 5.5% io mortgage (since I guess some ll bought some time ago, mine certainly did).. we are not taking into account the cost of ownership. So how much does maintaining a house cost a year? I'd guess 2% of the house price would be reasonable, ie a £100k property would cost on average £2k / year to maintain. So the point at which it is worth changing from rent to buying io (because it would be cheaper) is (monthly_rent * 12) = house_price * (2% + interest_rate ) house_price = (rent * 12) / (2% + interest_rate ) Plugging in my figures; house_price = (£725 * 12) / (2% + 5.5%) = £116k Current price is £175k... so a 33.7% drop is needed. Working out the same for everyone else... the current average house price is £241k... the average price at which its time to buy is £132k... or a 43% drop! Average_Rent.htm Average_Rent.txt Average_Rent.htm Average_Rent.txt Edited June 25, 2005 by beerhunter Quote Link to comment Share on other sites More sharing options...
Guest wrongmove Posted June 26, 2005 Share Posted June 26, 2005 Excellent thread BH Quote Link to comment Share on other sites More sharing options...
beerhunter Posted June 28, 2005 Author Share Posted June 28, 2005 Excellent thread BH<{POST_SNAPBACK}> Thanks wrongmove, and thanks to everyone who replied. Here's another interpretation.. sometimes its difficult to understand exactly what a yield means.. so here's if your rent was used to service a 100% IO mortgage @ 5.5% what house price would you buy at... Private LandlordsPost Poster Rent House Price House price if Change in rent serviced a house price 100% IO mortgage @ 5.5%1 Beerhunter 725 175000 158182 -9.6%2 TW11 750 225000 163636 -27.3%3 Mutley 1200 200000 261818 30.9%4 homeless 150 45000 32727 -27.3%5 spiv 795 225000 173455 -22.9%6 RichM 825 190000 180000 -5.3%8 Sine270 910 250000 198545 -20.6%10 non-FTBer 600 150000 130909 -12.7%11 burnt before 600 220000 130909 -40.5%12 STR2004 650 250000 141818 -43.3%13 Gtr London FTB 1100 265000 240000 -9.4%14 Giraffe Cat 325 75000 70909 -5.5%15 Spring Bounce 550 137500 120000 -12.7%16 leftysmate 800 340000 174545 -48.7%17 Ignorant Steve 2700 700000 589091 -15.8%18 Applo 800 170000 174545 2.7%19 hra 775 200000 169091 -15.5%20 CrashedoutAndBurnt 800 180000 174545 -3.0%21 Mobsy 795 300000 173455 -42.2%22 echapps 950 300000 207273 -30.9%24 trev 390 69000 85091 23.3%25 David 795 250000 173455 -30.6%26 CASHKING 825 275000 180000 -34.5%27 rainbow 800 300000 174545 -41.8%28 Merryn 585 175000 127636 -27.1%29 JBFTB 595 140000 129818 -7.3%30 murpaul 875 250000 190909 -23.6%31 sllabres 830 130000 181091 39.3%32 non accountant 1300 370000 283636 -23.3%34 scaramange 725 280000 158182 -43.5%36 wrongmove 375 90000 81818 -9.1%37 deperate housewife 1100 250000 240000 -4.0%38 Sparker 900 180000 196364 9.1%39 737 580 287500 126545 -56.0%40 Salsa 950 300000 207273 -30.9%41 Possum 1100 400000 240000 -40.0%42 ExeC 650 165000 141818 -14.0%43 liquid 400 180000 87273 -51.5%44 magnoliawalla 500 200000 109091 -45.5%45 Mushroom 600 200000 130909 -34.5%46 DrBubb 1625 600000 354545 -40.9%47 provate 1400 330000 305455 -7.4%48 mad'um 650 300000 141818 -52.7%50 HPCheese 900 240000 196364 -18.2%52 rw waiting 950 200000 207273 3.6%53 gen-x 520 130000 113455 -12.7%55 wheresmyfoxhole 750 160000 163636 2.3%57 flike 495 119000 108000 -9.2%58 RJG18 400 150000 87273 -41.8%61 ShirtyTheSlightlyAggressive 770 190000 168000 -11.6%62 Lou G 1000 300000 218182 -27.3%64 ah-so 750 170000 163636 -3.7%66 Rapid Descent 1000 380000 218182 -42.6%68 Blind 650 200000 141818 -29.1%70 IP Newcomer 450 105000 98182 -6.5%71 Starcrossed 650 245000 141818 -42.1%72 Three Little Pigs 2533 700000 552655 -21.0%73 London Loser 900 200000 196364 -1.8%74 Oxfordite 1940 450000 423273 -5.9%75 Feed up renting 825 290000 180000 -37.9%76 gallivant 450 105000 98182 -6.5%77 poospoon 700 190000 152727 -19.6%78 colonel faulkner 600 180000 130909 -27.3%79 monkey boy 550 170000 120000 -29.4%80 STR@2%GY 2000 750000 436364 -41.8%81 Forever rent 700 250000 152727 -38.9%86 Freelance Mycophagist 825 185000 180000 -2.7%87 Antsy 750 220000 163636 -25.6%89 Nosey Parker 550 150000 120000 -20.0%90 HenryWeston 130 130000 28364 -78.2%91 Beadbo 495 165000 108000 -34.5%92 Once Bitten x2 Shy 1200 400000 261818 -34.5%93 aj 600 150000 130909 -12.7%94 WBFTB 550 125000 120000 -4.0% Average 827 241000 180472 -21.7% Total 60933 17718000Housing Associations7 Vicster 290 145000 63273 -56.4%35 right freds dead 275 135000 60000 -55.6% 282.5 140000 565 280000House Sharers9 delboypass 275 105000 60000 -42.9%23 Libertine 600 210000 130909 -37.7%33 moosetea 225 190000 49091 -74.2% 366.67168333.3333 1100 505000 Quote Link to comment Share on other sites More sharing options...
Realty Cheque Posted June 28, 2005 Share Posted June 28, 2005 (edited) 1. Housing Association 2. £400 3. 2 4. London NW1 5. £350K a year ago, £275K today Spacious ground floor flat, non estate Good schools Good transport links 1.5 miles to West End Sandwiched between Hampstead Heath and Regents Park I'd be a fool to buy a 1 bed flat in Dagenham now, cos that's all £400 pm would buy! Edited June 28, 2005 by Realty Cheque Quote Link to comment Share on other sites More sharing options...
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