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Btl Portfolio For Sale


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According to the listing it "represents a gross yeild of 6.64%". Never been a landlord myself but I can't imagine the hassle of managing and maintaining 97 properties would be worth it for less than 7%.

http://www.rightmove.co.uk/property-for-sale/property-23425239.html

And that is 6.64% (or whatever) at the *asking* price. Hearing the sound of tinkling glass?

Aidanapword

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:lol::lol:

11 million quid for a yield of 6.64%!

FFS you could get that yield on a range of cast-iron shares, bonds etc and do nothing.

And in scumville-on-sea as well!

Unless it's very good property with virtually guaranteed tenancies, that is well, well overpriced. Student lets and the like have to have yields of 10% or above for good reasons.

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11miliion over 92 properties is a average of £120k per property, where as the average rent is £662pcm.

Does not add up to a sustainble btl business

£120k is not particularly cheap in a Plimuff context. Look at an area like Laira: £120k looks quite pricey for that kind of rent. Or buy in student-land and go HMO for a much higher rent.

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Over 160 separate tenancies. That's a full time job.

TYPE UNITS PROPERTY LOCATION INCOME

FLAT 4 flats Roman Drive £625.00

FLAT 4 flats Rashleigh Place £500.00

FLAT 1 flats Castle Hill Court £450.00

FLAT 4 flats 11A Albert Road £1745.00

FLAT 4 flats 15 Albert Road £1745.00

FLAT 12 flats 12/13 Woodland Terrace £6525.00

FLAT 6 flats 16 Garden Crescent £2470.00

FLAT 6 flats 17 Garden Crescent £2600.00

FLAT 5 flats The Roscoff £1918.33

FLAT 19 flats Meffifield £9050.00

FLAT 8 flats 24 Mount Gould Road £2621.66

FLAT 5 flats 12 Radford Road £1820.00

FLAT 4 flats 27 Brookside £550.00

HOUSE 6 rooms 19 Headland Park £2208.00

HOUSE 6 rooms 20 Headland Park £2208.00

HOUSE 6 rooms 21 Headland Park £2208.00

HOUSE 6 rooms 33 Headland Park £2208.00

HOUSE 7 rooms 19 Lisson Grove £2576.00

HOUSE 8 rooms 12 Rochester Road £2944.00

HOUSE 11 rooms 44 Lipson Road £4048.00

HOUSE 10 rooms 40 Connaught Avenue £3680.00

HOUSE 7 rooms 85 Clifton Place £2576.00

HOUSE 10 rooms 12 Hill Park Crescent £3680.00

Total properties 92 £60,956.00

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Over 160 separate tenancies. That's a full time job.

Of course. It's a business. It'll need to employ at least a couple of people directly, plus have a good number of tradesmen on its books for works.

There are some inconsistencies in your figures"

TYPE UNITS PROPERTY LOCATION INCOME

FLAT 4 flats Roman Drive £625.00

FLAT 4 flats Rashleigh Place £500.00

FLAT 4 flats 27 Brookside £550.00

Those look like rents per flat: divide any of them by 4 and it looks more like the nominal amount a working teenager might pay mum for the bedroom at home. Whereas the others look like total rents over all the flats (or rooms in an HMO).

FLAT 1 flats Castle Hill Court £450.00

FLAT 4 flats 11A Albert Road £1745.00

FLAT 4 flats 15 Albert Road £1745.00

FLAT 12 flats 12/13 Woodland Terrace £6525.00

FLAT 6 flats 16 Garden Crescent £2470.00

FLAT 6 flats 17 Garden Crescent £2600.00

FLAT 5 flats The Roscoff £1918.33

FLAT 19 flats Meffifield £9050.00

FLAT 8 flats 24 Mount Gould Road £2621.66

FLAT 5 flats 12 Radford Road £1820.00

HOUSE 6 rooms 19 Headland Park £2208.00

HOUSE 6 rooms 20 Headland Park £2208.00

HOUSE 6 rooms 21 Headland Park £2208.00

HOUSE 6 rooms 33 Headland Park £2208.00

HOUSE 7 rooms 19 Lisson Grove £2576.00

HOUSE 8 rooms 12 Rochester Road £2944.00

HOUSE 11 rooms 44 Lipson Road £4048.00

HOUSE 10 rooms 40 Connaught Avenue £3680.00

HOUSE 7 rooms 85 Clifton Place £2576.00

HOUSE 10 rooms 12 Hill Park Crescent £3680.00

Total properties 92 £60,956.00

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