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Guest Winners and Losers

Genuine Advice Requested Please

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Guest Winners and Losers

Hi all - we are about to rent a place in Leeds for 650pcm. I saw on Rightmove that the Landlord paid 135,000 for it in 2003. Has done a refurb, kitchen, bathroom etc. 10k? We did not make an offer as we have a dog and two cats, so options limited. Happy to pay the rent, but interested to hear if people think we should have offered, based on the info above. Many thanks.

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It entirely depends upon the area to be honest, and not living in Leeds it is difficult for anyone else to judge other than you. Best advice you can have is to check out other similar properties in the area and see if they are the same.

Also, see roughly how much their mortgage payments would be per month(based upon interest only mortgage over ten years). The standard pre-requisite is to be getting rent of 125% of the mortgage payments. Anything over 150% would probably be quite steep.

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Guest Winners and Losers

Thanks for replies. Is a 3 bed cottage in nice area on outskirts of Leeds. Nicely done up, new kitchen, great new bathroom with seperate shower. Not many comparables in area, but seems fair. In any case it is literally a 30 second walk from home to work, so too convenient to pass up.

What sort of place is it? ie flat house, how many bedrooms etc. Personally for a city t'up north that seems expensive if its a flat but we dont know what you are planning to rent yet. :)

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  • 301 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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