spiv Posted September 25, 2005 Share Posted September 25, 2005 I'm sure many are familiar with the current trend of developers unable to sell their overpriced boxes putting them up for rent to try and postpone the inevitable, so I thought we could have some fun trying to find the lowest yielding rental property. My contribution:- To buy..... http://www.rightmove.co.uk/viewdetails-796...pa_n=7&tr_t=buy To rent ...... http://www.rightmove.co.uk/viewdetails-467...a_n=2&tr_t=rent By my calculations 3.1 % Any advance on this ? Winner gets a night out with Kirsty. Runner up gets a night out with Phil. Quote Link to comment Share on other sites More sharing options...
CrashConnoisseur Posted September 26, 2005 Share Posted September 26, 2005 Not a house and also from last August, but this is the lowest yielding rental property I can remember seeing.... 'Bidding for advantage': http://money.guardian.co.uk/property/story...1282658,00.html Parcels of land can achieve spectacular prices: a five acre football pitch plus small clubhouse in Perivale, west London leased for the next 35 years to Hanwell Town Football Club and producing a rental income of £11,000 a year is in the brochure at a guide price of £140,000. However, amid frenetic bidding it finally sells for £739,000. Assuming the football club sticks to its leasing deal, the buyer will earn an annual income of 1.5% on his investment, before costs. Quote Link to comment Share on other sites More sharing options...
pod Posted September 26, 2005 Share Posted September 26, 2005 Ireland.......! That's the place to look for low yields. No-one does low yields better than Ireland! Some "investors" have interest only mortgages, and the rental income doesn't even cover the mortgage repayments on an interest only mortgage. So they top it up themselves...! Of course that's even with EU interest rates which are even lower than UK rates. Quote Link to comment Share on other sites More sharing options...
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