Byron Posted February 26, 2016 Share Posted February 26, 2016 As far as I can make out, there is no lawful access without crossing someone else's land Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 29, 2016 Share Posted February 29, 2016 http://www.rightmove.co.uk/property-for-sale/property-58057268.html?premiumA=true 12 apartments.;..... Probably worth 500K: Block of Apartments for sale 58-59 Billing Road,Abington,Northampton,NN1 Offers in Excess of£1,375,000 Quote Link to comment Share on other sites More sharing options...
SarahBell Posted February 29, 2016 Share Posted February 29, 2016 There's been someone viewing two houses on my street this afternoon. Yes I am nosey. They have tenants in both. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 3, 2016 Share Posted March 3, 2016 Dump http://www.rightmove.co.uk/property-for-sale/property-40371120.html 24 bedroom detached house for sale Anderton Park Road, Birmingham £1,350,000 is that an HMO ? Quote Link to comment Share on other sites More sharing options...
justthisbloke Posted March 3, 2016 Share Posted March 3, 2016 I'm seeing a lot of big HMOs and houses converted to flats coming on the market. Also a fair few flats "with tenants in situ". I really do think there's a real BTL dump happening. Looks like some at least are seeing SENSE. I think we'll see price impact soon, once they start realising they've missed the 3% boat out. OTOH, maybe it'll take longer. I suspect many don't have much room to reduce prices and will need to be either forced or scared shitless. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 3, 2016 Share Posted March 3, 2016 I'm seeing a lot of big HMOs and houses converted to flats coming on the market. Also a fair few flats "with tenants in situ". I really do think there's a real BTL dump happening. Looks like some at least are seeing SENSE. I think we'll see price impact soon, once they start realising they've missed the 3% boat out. OTOH, maybe it'll take longer. I suspect many don't have much room to reduce prices and will need to be either forced or scared shitless. Or trying to turn a massive profit by selling to imaginary buyers at made up prices. Good luck with that one. Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted March 3, 2016 Author Share Posted March 3, 2016 I'm seeing a lot of big HMOs and houses converted to flats coming on the market. Also a fair few flats "with tenants in situ". I really do think there's a real BTL dump happening. Looks like some at least are seeing SENSE. I think we'll see price impact soon, once they start realising they've missed the 3% boat out. OTOH, maybe it'll take longer. I suspect many don't have much room to reduce prices and will need to be either forced or scared shitless. Yes, plenty in my neck of the woods like that too, some advertised as 'tenanted until xxx', consistent with student lets. Guessing there could be quite a lot of empty student lets hitting the market over the summer, that is my hope at least. Quote Link to comment Share on other sites More sharing options...
Guest Posted March 3, 2016 Share Posted March 3, 2016 Dump http://www.rightmove.co.uk/property-for-sale/property-40371120.html 24 bedroom detached house for sale Anderton Park Road, Birmingham £1,350,000 is that an HMO ? Hmfmo House of mumma flipping multiple occupancy! Quote Link to comment Share on other sites More sharing options...
giesahoose Posted March 3, 2016 Share Posted March 3, 2016 1.35 MIL. Looks like a prison and has the cheapest kitchens know to man. Shocking state of affairs that people are having to live like that. I spotted on of the characters over in 118 suggesting people target the 'divorced man' market as they pay well and keep tidy. Parasite Quote Link to comment Share on other sites More sharing options...
SarahBell Posted March 5, 2016 Share Posted March 5, 2016 http://www.rightmove.co.uk/property-for-sale/property-39514572.html ATTENTION INVESTORS A fantastic portfolio of 30 properties consisting of 27 Houses, just 2 apartments/flats and 1 office/commercial building. With a fantastic diverse portfolio of residential properties (just 1 commercial property) from 1 bed to 4 bed producing an annual income of £188,700.00.£3,000,000 Quote Link to comment Share on other sites More sharing options...
spyguy Posted March 5, 2016 Share Posted March 5, 2016 http://www.rightmove.co.uk/property-for-sale/property-39514572.html ATTENTION INVESTORS A fantastic portfolio of 30 properties consisting of 27 Houses, just 2 apartments/flats and 1 office/commercial building. With a fantastic diverse portfolio of residential properties (just 1 commercial property) from 1 bed to 4 bed producing an annual income of £188,700.00. £3,000,000 Lets put some figures to that. Excuse the baby steps! They are there for illustration! 3m. 10% gross yield = 300,000. Claims 188K - gross yield of ~6% This is a commercial venture. Any debt will cost around 6% The cost of managing 30 properties would be in the region of 50k a year. Chuck in voids - Manchester is not short of houses - say 1 month/year per house - 30 months of voids. The price is way too high - twice the its real value! Quote Link to comment Share on other sites More sharing options...
SOLZHENITSYN Posted March 5, 2016 Share Posted March 5, 2016 SURBITON, London - dumping http://www.rightmove.co.uk/property-for-sale/property-53042056.html Quote Link to comment Share on other sites More sharing options...
Buzzardo2 Posted March 5, 2016 Share Posted March 5, 2016 http://www.rightmove.co.uk/property-for-sale/property-39514572.html ATTENTION INVESTORS A fantastic portfolio of 30 properties consisting of 27 Houses, just 2 apartments/flats and 1 office/commercial building. With a fantastic diverse portfolio of residential properties (just 1 commercial property) from 1 bed to 4 bed producing an annual income of £188,700.00. £3,000,000 Bejasus... Let's assume they've put the best pics on the ad. Seem reasonable? If picture 4 is one of the most marketable in the portfolio, it doesn't say much for the rest. Looks like a right sh!thole moneypit; but then with those kind of yields you couldn't reasonably expect and self-respecting slumlord to spend a load of cash doing stuff like - you know - maintaining the outside. Remember folks - these are the savvy entrepreneurs / social benefactors who are creating all that work in the local economy for builders, decorators, Jewsons etc etc... Or as Bos Reck would put it... "My ar$e...." B2 Quote Link to comment Share on other sites More sharing options...
long time lurking Posted March 5, 2016 Share Posted March 5, 2016 The two local auctions have published their catalogue for the next auctions almost a month before the sale`s all full they always seem to have a maximum of 30-40 for one 60 -70 for the other and have rarely been full at the time of publishing the catalogue which is normally 14 days before the sale.also the guide prices seem to be coming down as well Some thing is happening for sure Quote Link to comment Share on other sites More sharing options...
monkeyman1974 Posted March 5, 2016 Share Posted March 5, 2016 Lets put some figures to that. Excuse the baby steps! They are there for illustration! 3m. 10% gross yield = 300,000. Claims 188K - gross yield of ~6% This is a commercial venture. Any debt will cost around 6% The cost of managing 30 properties would be in the region of 50k a year. Chuck in voids - Manchester is not short of houses - say 1 month/year per house - 30 months of voids. The price is way too high - twice the its real value! Yes, at this end. net will be 70% of gross; and they are selling at 100% occupancy when in reality there will generally be a structural void (handover, repair, eviction). Pricing is crazy. Quote Link to comment Share on other sites More sharing options...
dontknowwhy Posted March 6, 2016 Share Posted March 6, 2016 I am at the bottom of the salary scale, and I usually set properties in Bristol from lowest to highest on websites like Zoopla and Rightmove. I have definitely seen an increase in available properties in the sub 100k range. These are really small bed studios, but I hope things stay this way as maybe in 1-2 years I will have a deposit to be able to afford something. Quote Link to comment Share on other sites More sharing options...
wherebee Posted March 6, 2016 Share Posted March 6, 2016 Bejasus... Let's assume they've put the best pics on the ad. Seem reasonable? If picture 4 is one of the most marketable in the portfolio, it doesn't say much for the rest. Looks like a right sh!thole moneypit; but then with those kind of yields you couldn't reasonably expect and self-respecting slumlord to spend a load of cash doing stuff like - you know - maintaining the outside. Remember folks - these are the savvy entrepreneurs / social benefactors who are creating all that work in the local economy for builders, decorators, Jewsons etc etc... Or as Bos Reck would put it... "My ar$e...." B2 I can see two roof replacements in the next 10 years in that small selection too.... Quote Link to comment Share on other sites More sharing options...
SarahBell Posted March 6, 2016 Share Posted March 6, 2016 (edited) http://www.rightmove.co.uk/property-for-sale/property-50884978.html Properties are all is a good state of repair and are all currently let to established tenants achieving a total rental return of £266,416. This can be improved also with up to date rental reviews on the properties, currently achieving just over 7% gross return.Block of Apartments for sale Brighton Grove, Rusholme£3,800,000http://www.rightmove.co.uk/commercial-property-for-sale/property-36876138.html45 bedroom residential development for saleWellington Road, Manchester, Greater Manchester, M1445 Bedroom Property portfolio for sale9 x 5 Bed HMO propertiesThe income for Academic Year 2015/2016 is circa £230,000. Fully Let for 2016/2017 income circa £246,000Loads of info for this last one http://www.rightmove.co.uk/property-for-sale/property-38634003.html42 bedroom terraced house for sale ATTENTION INVESTORS - PORTFOLIO OF 6 PROPERTIES PRODUCING AN INCOME OF OVER £183K£2,265,000Income and number of bedrooms:1 Duncan Street - £40,040 10 bed11 Mildred Street - £21,600 5 bed 39 Mildred Street - £16,320 4 bed40 Mildred Street - £17,160 4 bed45 Clarendon Road - £65,000 11 bed33-35 Mercia Street - £23,040 8 bed M7 2FU x 1 propertyM7 2HG x 3 propertiesM16 8LB x 1 propertyBL3 4BZ x 1 property Edited March 6, 2016 by SarahBell Quote Link to comment Share on other sites More sharing options...
little fish Posted March 6, 2016 Share Posted March 6, 2016 A couple of recent ones in NI too. £1,850,000 for 18 apartments - current rent £113,880 http://www.propertypal.com/investment-opportunity-block-of-18-apartments-at-eglantine-avenue-belfast/355366 Offers over £485,000 for 10 terrace properties. Rent £60,000. Heaven only knows what these properties are like inside. The advertising pictures show at least two of them are boarded up. If the rent figure is correct then thats in and around £500 a month rent for these? http://www.propertypal.com/investment-opportunity-portfolio-of-10-residential-properties-northbelfast/355180/photo-7 Quote Link to comment Share on other sites More sharing options...
spyguy Posted March 6, 2016 Share Posted March 6, 2016 http://www.rightmove.co.uk/property-for-sale/property-50884978.html Properties are all is a good state of repair and are all currently let to established tenants achieving a total rental return of £266,416. This can be improved also with up to date rental reviews on the properties, currently achieving just over 7% gross return. Block of Apartments for sale Brighton Grove, Rusholme £3,800,000 http://www.rightmove.co.uk/commercial-property-for-sale/property-36876138.html 45 bedroom residential development for sale Wellington Road, Manchester, Greater Manchester, M14 45 Bedroom Property portfolio for sale9 x 5 Bed HMO properties The income for Academic Year 2015/2016 is circa £230,000. Fully Let for 2016/2017 income circa £246,000 Loads of info for this last one http://www.rightmove.co.uk/property-for-sale/property-38634003.html 42 bedroom terraced house for sale ATTENTION INVESTORS - PORTFOLIO OF 6 PROPERTIES PRODUCING AN INCOME OF OVER £183K £2,265,000 Income and number of bedrooms:1 Duncan Street - £40,040 10 bed11 Mildred Street - £21,600 5 bed 39 Mildred Street - £16,320 4 bed40 Mildred Street - £17,160 4 bed45 Clarendon Road - £65,000 11 bed33-35 Mercia Street - £23,040 8 bed M7 2FU x 1 property M7 2HG x 3 properties M16 8LB x 1 property BL3 4BZ x 1 property Is 'established' a manc word for DSS? Any social LL needs to be mkaing 15%+ to make it worthwhile. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted March 6, 2016 Share Posted March 6, 2016 Is 'established' a manc word for DSS? Any social LL needs to be mkaing 15%+ to make it worthwhile. Very possibly. Or maybe it's based on the number of fried chicken shops? Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted March 6, 2016 Author Share Posted March 6, 2016 A load of tenanted 2 bed flats up for auction next month(so will miss the deadline unless they sell prior to the auction), see the 'Venmore' property in the listings: http://www.rightmove.co.uk/property-for-sale/find.html?searchType=SALE&locationIdentifier=POSTCODE%5E1649346&insId=1&radius=0.0&minPrice=&maxPrice=&minBedrooms=&maxBedrooms=&displayPropertyType=&maxDaysSinceAdded=&includeSSTC=true&_includeSSTC=on&sortByPriceDescending=&primaryDisplayPropertyType=&secondaryDisplayPropertyType=&oldDisplayPropertyType=&oldPrimaryDisplayPropertyType=&newHome=&auction=false Guess at this price level we'll see how many cash rich types there are around, the gross yield at lower end of the guide price range is over 15% so a lot higher than most BTL achieves. Quote Link to comment Share on other sites More sharing options...
John51 Posted March 7, 2016 Share Posted March 7, 2016 Is 'established' a manc word for DSS? Any social LL needs to be mkaing 15%+ to make it worthwhile. Not necessarily. Many housing benefit tenants are a LLs wet dream. They stay for decades so no voids and cause no trouble. There's a large block of flats close to me whose owners have it sussed. They require no cash deposit but the new tenant must provide a surety signed by a home owner (some sort of equity pledge) that would cover unpaid rent and any damage, about 10 weeks rent. No scally could find someone to guarantor them and those that do become tenants know that they're screwing over a friend or family member if they play silly buggers. Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted March 9, 2016 Author Share Posted March 9, 2016 (edited) Sutton Kersh auction in Liverpool has a much reduced number of lots for sale compared to last month's spike, back to more usual numbers of around 100. Plenty of tenanted stuff up for sale too, as before, although the auction date of 31st March will probably mean that unless things sell 'prior' very soon that the window for completion before the SDLT hike is closing quickly. http://www.suttonkersh.co.uk/auctions-property/ Sutton Kersh's sale seems to be the only local one to happen prior to the April hike(although Allsop have one scheduled for 29th-30th March, no catalogue available as yet), the other auction houses are next scheduled in April, which ought to give an indication on any immediate impacts from the SDLT hike. Barnard Marcus auction yesterday saw a few listings with 'LPA Receivers' mentioned as the seller(I have not checked all the listings, just noticed it on a few near me): http://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=816186&a=5&c=brn http://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=816185&a=5&c=brn http://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=816187&a=5&c=brn http://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=816188&a=5&c=brn http://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=816190&a=5&c=brn This one is 'Mortgagees' but I guess it's the same entrepreneur being pruned: http://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=816189&a=5&c=brn http://auctioneertemplates.eigroup.co.uk/Results.aspx?a=5&c=brn&au=24683 All 6 flats bought Feb 2008 for a combined total of around 700k, sold yesterday for a total of around 360k. hopefully the balance can be recovered from the previous owner's other assets. Edited March 9, 2016 by The Knimbies who say No Quote Link to comment Share on other sites More sharing options...
Snugglybear Posted March 9, 2016 Share Posted March 9, 2016 Sutton Kersh auction in Liverpool has a much reduced number of lots for sale compared to last month's spike, back to more usual numbers of around 100. Plenty of tenanted stuff up for sale too, as before, although the auction date of 31st March will probably mean that unless things sell 'prior' very soon that the window for completion before the SDLT hike is closing quickly. http://www.suttonkersh.co.uk/auctions-property/ Sutton Kersh's sale seems to be the only local one to happen prior to the April hike(although Allsop have one scheduled for 29th-30th March, no catalogue available as yet), the other auction houses are next scheduled in April, which ought to give an indication on any immediate impacts from the SDLT hike. Barnard Marcus auction yesterday saw a few listings with 'LPA Receivers' mentioned as the seller(I have not checked all the listings, just noticed it on a few near me): http://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=816186&a=5&c=brn http://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=816185&a=5&c=brn http://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=816187&a=5&c=brn http://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=816188&a=5&c=brn http://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=816190&a=5&c=brn This one is 'Mortgagees' but I guess it's the same entrepreneur being pruned: http://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=816189&a=5&c=brn http://auctioneertemplates.eigroup.co.uk/Results.aspx?a=5&c=brn&au=24683 All 6 flats bought Feb 2008 for a combined total of around 700k, sold yesterday for a total of around 360k. hopefully the balance can be recovered from the previous owner's other assets. In Cardiff: Paul Fosh has an auction on 24th March - catalogue here http://www.paulfoshauctions.com/documents/catalogue_088.pdf Seel & Co have one on 23rd March - catalogue here http://www.seelandco.com/auctioncatalogue.html Don't have time to look through them - stealing time form work as is. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.