olde guto Posted March 14, 2016 Share Posted March 14, 2016 Another major dump of a BTL portfolio in Cardiff, Swansea, Coventry and Aberdeen 142 bedrooms rising to 150 bedrooms in the academic year 2016/2017 situated within 17 properties PORTFOLIO A comprises:* 13 houses in Cardiff* 1 house building in Swansea* 2 houses in CoventryPORTFOLIO B comprises:* A block of flats in Aberdeen All yours for just £7.5million looking for an Iranian/Russian/etc. wanting to launder some money??? http://www.rightmove.co.uk/property-for-sale/property-40684848.html Quote Link to comment Share on other sites More sharing options...
spyguy Posted March 14, 2016 Share Posted March 14, 2016 Another major dump of a BTL portfolio in Cardiff, Swansea, Coventry and Aberdeen 142 bedrooms rising to 150 bedrooms in the academic year 2016/2017 situated within 17 properties PORTFOLIO A comprises: * 13 houses in Cardiff * 1 house building in Swansea * 2 houses in Coventry PORTFOLIO B comprises: * A block of flats in Aberdeen All yours for just £7.5million looking for an Iranian/Russian/etc. wanting to launder some money??? http://www.rightmove.co.uk/property-for-sale/property-40684848.html Are they the same seller? Talk about running yourself ragged maintaining them. Did anyone spot my little joke there? Quote Link to comment Share on other sites More sharing options...
chickens Posted March 14, 2016 Share Posted March 14, 2016 No Quote Link to comment Share on other sites More sharing options...
Bland Unsight Posted March 14, 2016 Share Posted March 14, 2016 No An almost three year wait for that! Far out. Quote Link to comment Share on other sites More sharing options...
spyguy Posted March 14, 2016 Share Posted March 14, 2016 No Maintaining! But, to be honest, they do look well maintained. Obviously the LL is a total amateur. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted March 14, 2016 Share Posted March 14, 2016 Not surprised they are selling there appears to be a frenzy of new build student accommodation around the country. Why live in a run down house if you can have a nice flat. Quote Link to comment Share on other sites More sharing options...
man o' the year Posted March 14, 2016 Share Posted March 14, 2016 Student accommodation building has been the way to go. They are then being used as conference and even tourist accommodation during student vacations. Bath University I believe are in the tourist market all of the time :John Wood Building and university campus run as accommodation business advertised on tourist agency websites throughout the year. Quote Link to comment Share on other sites More sharing options...
Snugglybear Posted March 14, 2016 Share Posted March 14, 2016 Student accommodation building has been the way to go. They are then being used as conference and even tourist accommodation during student vacations. Bath University I believe are in the tourist market all of the time :John Wood Building and university campus run as accommodation business advertised on tourist agency websites throughout the year. Universities in tourist hotspots are surely coining it.* When they don't have conferences in, they rent the rooms out to visitors. It is, I suspect, why all the bedrooms on Falmouth/Exeter's Tremough campus have double beds and ensuite shower cupboards (well, they aren't rooms). *The likes of Coventry and Northampton, maybe not so much. Quote Link to comment Share on other sites More sharing options...
olde guto Posted March 15, 2016 Author Share Posted March 15, 2016 Not surprised they are selling there appears to be a frenzy of new build student accommodation around the country. Why live in a run down house if you can have a nice flat. Talking of which look what has just been approved in Cardiff: http://www.bbc.co.uk/news/uk-wales-south-east-wales-35766959 Wales' tallest building - a 42 storey tower housing 450 students. That's equivalent to about 60-90 student houses. Quote Link to comment Share on other sites More sharing options...
dgul Posted March 15, 2016 Share Posted March 15, 2016 Student accommodation building has been the way to go. They are then being used as conference and even tourist accommodation during student vacations. Bath University I believe are in the tourist market all of the time :John Wood Building and university campus run as accommodation business advertised on tourist agency websites throughout the year. Eventually they'll work out that they can get more money by letting it to tourists all year round. Then we'll be back to square one... Quote Link to comment Share on other sites More sharing options...
North London Rent Girl Posted March 15, 2016 Share Posted March 15, 2016 Eventually they'll work out that they can get more money by letting it to tourists all year round. Then we'll be back to square one... I don't think so - someone has mentioned Exeter and I've been watching things there a bit recently, it's my parents' nearest city. Apparently foreign students are paying up to a couple of hundred quid a week for a uni-owned room, it's a solid 9-month deal and then they're free for the high summer rents. Don't know how much rents are for a regular room. A lot of the foreign students are from wealthy families and expect posh digs so universities just responding to that market. Think probably is better to have university as landlord, rather than scummy normal landlord. All in all it's a tendency I quite approve of, after my 30 quid a week for slugs in the bathroom and hazardous gas appliances when I was studying. We had TWO hazardous gas appliances in a 3-roomed flat - all 3 bedrooms, of course, no sitting-room - and when the landlord kept on not responding to our requests that he look into the smell of gas in two of the bedrooms, we eventually rang the gas company and were told to leave the flat immediately and wait on the street until they arrived. They disconnected two heaters and put 'it is a criminal offence to reconnect this appliance' tags on them, it was spring by that point so we just did without heating but am quite sure that the landlord will have just reconnected them. No nostalgia, go universities, build your bums off! Quote Link to comment Share on other sites More sharing options...
This time Posted March 15, 2016 Share Posted March 15, 2016 Eventually they'll work out that they can get more money by letting it to tourists all year round. Then we'll be back to square one... It's better for lecture attendance and pastoral care to have students in campus accommodation. This in turn improves exam results and league tables which makes it easier to charge £9k a year in tuition fees. Quote Link to comment Share on other sites More sharing options...
stuckin2up2down Posted March 15, 2016 Share Posted March 15, 2016 Maintaining! But, to be honest, they do look well maintained. Obviously the LL is a total amateur. Well isn;t that just lots of photos of one kitchen / lounge? Quote Link to comment Share on other sites More sharing options...
drunkincharge Posted March 15, 2016 Share Posted March 15, 2016 Another major dump of a BTL portfolio in Cardiff, Swansea, Coventry and Aberdeen 142 bedrooms rising to 150 bedrooms in the academic year 2016/2017 situated within 17 properties PORTFOLIO A comprises: * 13 houses in Cardiff * 1 house building in Swansea * 2 houses in Coventry PORTFOLIO B comprises: * A block of flats in Aberdeen All yours for just £7.5million looking for an Iranian/Russian/etc. wanting to launder some money??? http://www.rightmove.co.uk/property-for-sale/property-40684848.html What did you search for to get that in your results? Quote Link to comment Share on other sites More sharing options...
spyguy Posted March 15, 2016 Share Posted March 15, 2016 Eventually they'll work out that they can get more money by letting it to tourists all year round. Then we'll be back to square one... Ahh, hanging out with the band of loons called holiday home owners. One, bar London, the UK does not have an all-year holiday market. Most holiday lets will be lucky to get the school holidays booked - 15 weeks. And then you need to maintain and clean the house. My home village is blighted with a huge number of holiday lets. A lot of 'investors' are looking to sell up, or rent to a tenant. You will be very lucky to make money with a holiday let if it has any finance on it. Quote Link to comment Share on other sites More sharing options...
olde guto Posted March 15, 2016 Author Share Posted March 15, 2016 What did you search for to get that in your results? It's was sheer chance that Cardiff is one of the several places where I keep an eye on the prices and that was a pretty eye catching (as well as watering) listing on rightmove. Chances are there are other places in the UK where this is happening - esp those with large student populations. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted March 15, 2016 Share Posted March 15, 2016 (edited) Student accommodation building has been the way to go. They are then being used as conference and even tourist accommodation during student vacations. Bath University I believe are in the tourist market all of the time :John Wood Building[/size] and university campus run as accommodation business advertised on tourist agency websites throughout the year.This was standard when our two were at uni - Nottingham and Newcastle - mid 90s - 2001. They always had to clear their hall rooms in the vacations, for conferences etc.There have been a lot of 'luxury student studios' built around here lately, but I gather that they're pretty pricey and targeted more at overseas students. From what I see and hear of students getting on and off the bus at the Kingston uni campus near here, a lot would seem to be non Brit. Edited March 15, 2016 by Mrs Bear Quote Link to comment Share on other sites More sharing options...
chickens Posted March 15, 2016 Share Posted March 15, 2016 Maintaining! But, to be honest, they do look well maintained. Obviously the LL is a total amateur. Sorry, I just could not resist. Quote Link to comment Share on other sites More sharing options...
Neverwhere Posted March 15, 2016 Share Posted March 15, 2016 Sorry, I just could not resist. It was a great first post. Quote Link to comment Share on other sites More sharing options...
Tapori Posted March 16, 2016 Share Posted March 16, 2016 Mate was told to invest with his chums in BTL near Leicester Unis. Smart dude didn't. Turns out all the Southern BTL'ers that poured in got burnt as the Uni ended up building decent student digs completely out competing the BTL-Student landlords. Long may such portfolios be released for the masses. Quote Link to comment Share on other sites More sharing options...
chickens Posted July 18, 2018 Share Posted July 18, 2018 On 14/03/2016 at 20:00, Jurassic Bland said: An almost three year wait for that! Far out. Far out? Quote Link to comment Share on other sites More sharing options...
Si1 Posted July 18, 2018 Share Posted July 18, 2018 (edited) Edited July 18, 2018 by Si1 Quote Link to comment Share on other sites More sharing options...
Guest TheBlueCat Posted July 19, 2018 Share Posted July 19, 2018 10 hours ago, chickens said: Far out? I read a science fiction book once about a guy who got stuck in a very slow moving bubble of time. Everything around him moved super-fast and, by the time he realised what was happening and responded to things, months had passed. I'm beginning to this it may have been a true story. Quote Link to comment Share on other sites More sharing options...
Pytyr Posted July 19, 2018 Share Posted July 19, 2018 On 18/07/2018 at 18:30, chickens said: Far out? Well played, chickens. Quote Link to comment Share on other sites More sharing options...
Shy Ted Posted July 19, 2018 Share Posted July 19, 2018 Lets face it, this site has turned to shit. That HPC reminder about young people viewing was the last straw for me. Who the ****** under 18 is interested in a HPC? Quote Link to comment Share on other sites More sharing options...
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