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

Sub-renting A Large Detached House

Recommended Posts

Hi all

At the moment I live with my parents and commute to work (I do pay £200 rent to my parents incase your wondering), I would really like a place of my own - but I would never buy at todays prices.

I have looked into renting, but I don't want to pay alot of money (£600pcm) for a 2bed semi. But when you look at 4bed detached houses (drive, garage ensuite (for myself)) they are on for £900pcm.

Therefore, I would like to rent out the 4bed house and sub let 2 or 3 rooms to others. I could afford the £900 (just) on my own (i get £1370 net wages), so I would be ok if I couldn't find anyone.

I would love to do this, if I got (£250*3) £750 per month it would only cost me £150pcm in rent but I would have the risk of not renting the rooms out!

Has anyone done this? Typically, do contracts allow sub letting?

I'm after all your knowledge... and your views on this!

Edited by Jason

Share this post


Link to post
Share on other sites
Hi all

At the moment I live with my parents and commute to work (I do pay £200 rent to my parents incase your wondering), I would really like a place of my own - but I would never buy at todays prices.

I have looked into renting, but I don't want to pay alot of money (£600pcm) for a 2bed semi.  But when you look at 4bed detached houses (drive, garage ensuite (for myself)) they are on for £900pcm.

Therefore, I would like to rent out the 4bed house and sub let 2 or 3 rooms to others.  I could afford the £900 (just) on my own (i get £1370 net wages), so I would be ok if I couldn't find anyone.

I would love to do this, if I got (£250*3) £750 per month it would only cost me £150pcm in rent but I would have the risk of not renting the rooms out!

Has anyone done this? Typically, do contracts allow sub letting?

I'm after all your knowledge... and your views on this!

Why not just find a houseshare somewhere and ride out the storm?

I'd avoid any subletting scenarios. You'll end up with more headaches than benefit.

/G

Share this post


Link to post
Share on other sites
Guest magnoliawalls
Hi all

At the moment I live with my parents and commute to work (I do pay £200 rent to my parents incase your wondering), I would really like a place of my own - but I would never buy at todays prices.

I have looked into renting, but I don't want to pay alot of money (£600pcm) for a 2bed semi.  But when you look at 4bed detached houses (drive, garage ensuite (for myself)) they are on for £900pcm.

Therefore, I would like to rent out the 4bed house and sub let 2 or 3 rooms to others.  I could afford the £900 (just) on my own (i get £1370 net wages), so I would be ok if I couldn't find anyone.

I would love to do this, if I got (£250*3) £750 per month it would only cost me £150pcm in rent but I would have the risk of not renting the rooms out!

Has anyone done this? Typically, do contracts allow sub letting?

I'm after all your knowledge... and your views on this!

I have done that twice - it is effectively starting your own houseshare and the landlords were well aware that is what we intended to do. It gives you the advantage of choosing your own flatmates.

Thing is I shared the leases and the responsibility with a friend, that made things much easier - chances are you will at some stage have problems with one of your flatmates/sub lettees even if it is as trivial as persistant theft of milk! It is enjoyable but as backtoparents suggested it may be less hassle just finding a room in a house share, especially if you have never lived away from home before. You will probably appreciate your parents more once you are on your own.

A friend got through university rent free by renting out the other rooms at a rate that exceeded the total rent on the house. His flatmates were none the wiser :D

Share this post


Link to post
Share on other sites

Thanks for your replies.

I have lived away from home, when I was at uni - but student renting is a different ball game.

I think I'll still continue to live with my parents (for the time being at least)...

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.