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First Time Post! Rental Price

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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!! ;)


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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... :)


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