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Caveat Mortgagor

Is This A Desperate Btl?

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Can anyone suggest if this is anything other than a BTL looking to offload?

http://www.rightmove.co.uk/property-for-sale/property-14986902.html

This shows up as added in Coventry today. New price is POA, but is amongst properties added at £130k.

PB shows its been on since Mar 10 for £168k, and dropped £38k today.

Why would they try to hide the new price?

Tellingly, the description states it 'can be a good investment'. The poor choice of wording jumped out at me as meaning 'can be, but the current owner isnt feeling it!.

additional info, this house is right in the middle of the red light area, no way would you pay £130k to live there, and no way would you go to work and pay £750 a month of your hard earned to live there just to have the satisfaction of knowing you are repaying the debt obligations of an overleveraged gambler.

Edited by Caveat Mortgagor

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Can anyone suggest if this is anything other than a BTL looking to offload?

http://www.rightmove.co.uk/property-for-sale/property-14986902.html

This shows up as added in Coventry today. New price is POA, but is amongst properties added at £130k.

PB shows its been on since Mar 10 for £168k, and dropped £38k today.

Why would they try to hide the new price?

Tellingly, the description states it 'can be a good investment'. The poor choice of wording jumped out at me as meaning 'can be, but the current owner isnt feeling it!.

additional info, this house is right in the middle of the red light area, no way would you pay £130k to live there, and no way would you go to work and pay £750 a month of your hard earned to live there and have the satisfaction of knowing you are repaying someone elses debt obligations.

You're not using your imagination. This could indeed be profitable once filled with Eastern European fake blondes. B)

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Why would they try to hide the new price?

Because to do otherwise would be to draw attention to the facts that (a) it failed to sell at the old one, and {b}, the seller is prepared to lower. If I was interested in this place, the fact that the price had already come down by that much would encourage me to put in a significantly lower offer still.

Edited by The Ayatollah Buggeri

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You're not using your imagination. This could indeed be profitable once filled with Eastern European fake blondes. B)

.. if you are into people trafficing and supporting slave labour, as well as risking beatings and death threats from foreign mafia types.

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On my recent search in S. Hertfordshire I too can see some BTL going for sale (well I assume it is). The first of many I hope.

http://www.rightmove.co.uk/property-for-sale/property-32095910.html

http://www.rightmove.co.uk/property-for-sale/property-32095913.html

I thought this was a great time for BTL'ers.

And one from the ghettos of neighbouring Essex:

http://www.rightmove.co.uk/property-for-sale/property-32123966.html

Key features:

* Price Range: £110,000 - £130,000

* 3 bedroom end of terrace

* Cash buyers required only

* Sold with sitting tenant

* Current rental income £720 pcm

* Guaranteed rent/long term tenant

Edited by Pent Up

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  • 312 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%



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