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Grotty but decent sized flat above a busy cafe in Earlsfield, London. Bought at auction for £204,000. Intend to spend £50k and sell for over £300k. Easy money!

This country is indeed insane. Banksters wage gets you a flat above a caf! laugh.gif

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Grotty but decent sized flat above a busy cafe in Earlsfield, London. Bought at auction for £204,000. Intend to spend £50k and sell for over £300k. Easy money!

This country is indeed insane. Banksters wage gets you a flat above a caf! laugh.gif

I remember when Pulp sung about living in a flat above a shop being something that common people did.

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I remember when Pulp sung about living in a flat above a shop being something that common people did.

Valuations done up between £300k and £360,000. Rental £1450 pcm +

Must get into pwoperdee developement! tongue.gif

But at the end of the day its a flat above a caf in an average London suburb.

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Valuations done up between £300k and £360,000. Rental £1450 pcm +

Must get into pwoperdee developement! tongue.gif

But at the end of the day its a flat above a caf in an average London suburb.

I am sure many of the millions of people who earn £100k to £120k per year will fight each other to buy this property. Pretty obvious really.

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Grotty but decent sized flat above a busy cafe in Earlsfield, London. Bought at auction for £204,000. Intend to spend £50k and sell for over £300k. Easy money!

This country is indeed insane. Banksters wage gets you a flat above a caf! laugh.gif

I nearly spit my coffee out when the EA talked about Earlsfield having a vibrant cafe culture - FFS, it's a string of down market shops on a main road.

tim

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Valuations done up between £300k and £360,000. Rental £1450 pcm +

Must get into pwoperdee developement! tongue.gif

But at the end of the day its a flat above a caf in an average London suburb.

And average London suburb - 10 minutes from Waterloo 20 times an hour!

tim

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Valuations done up between £300k and £360,000. Rental £1450 pcm +

Must get into pwoperdee developement! tongue.gif

But at the end of the day its a flat above a caf in an average London suburb.

1500x12/300000 = 6% gross yield. Reality will probably be half that.

That is completely nuts.

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1500x12/300000 = 6% gross yield. Reality will probably be half that.

That is completely nuts.

Aye - about as nuts as asking prices continuing to rise given the economic mess this country is in.

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1500x12/300000 = 6% gross yield. Reality will probably be half that.

That is completely nuts.

Unless they were reckoning on housing benefits. Not even sure when this episode was filmed. It featured more than its fair share of smug twits though.

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Aye - about as nuts as asking prices continuing to rise given the economic mess this country is in.

Given the numbers in other articles on BTL on HPC at the moment it would appear to be on the limit of conditions for getting a BTL mortgage (if the mortgage co. agrees with the valuation that is at the bottom end of the range or lower)

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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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