Jump to content
House Price Crash Forum
Sign in to follow this  
MrChris

First Time Post! Rental Price

Recommended Posts

Good day all

A first time poster here. I was all ready to leap in to buying a flat on a 100% mortgage until I found this site! I have now decided to save for a while, protect my first time buyer advantage and wait to see what the market does.

I do now however have to rent a property. Thing is, with all the talk on here, I am now not willing to pay full rentals either! :D

I have seen a development of 2 bed flats, with secure parking and a private swimming pool. It seems as though a number have been purchased by BTL investors. They have been up for rent at £850 and one at £750, but have been for rent for a number of months. They are fully funished and good location for me. To question is, what low offer should I go in with? It is not that I am desperate for these properties, I fancy trying to bag one for a bargain!

I eagerly await any responses!! ;)

Chris

Share this post


Link to post
Share on other sites

Hi Richard

Thanks for the reply. The development is located in Redditch, Worcestershire, about 15 south of Birmingham. Generally, I was under the impression that rental property was moving reasonably quickly in this area, but these have been about for a while.

They are the most expensive in the area, other 2 bed flats are around £550-£625.

So I am thinking I might try an offer of £500-550, with the sweetener of a three month contract (if they desire) if they think they could get a better price in the new year (this doesn't inconvenience me, my folks live 5 miles away and I could stay there for a week whilst I find somewhere else).

All good fun... :)

Chris

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.