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WTF

£5k per month for a 3 bedder - not even a garage. In a small Surrey village.

http://www.primelocation.com/to-rent/details/41495363?utm_content=tr-featured-property&utm_campaign=201609-reg-geo&utm_medium=email&utm_source=update#Awbxwpv6YY5fU5mb.97

Not even a really good location. Will take at least half an hour to the M3.

£60k per year is the entire take home pay of someone on £90k. But I suppose you do get the aspirational aga - assuming you can afford the gas to turn it on.

Just wish there was a register so we could see what it actually lets for.

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Perhaps they're the first time they're being rented out and just going by the yield they'll need to pay off the mortgage!

Or perhaps they've taken the daily AirBnB rate and multiplied it by 365!

Worth watching if they go for sale soon when reality sets in.

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Perhaps they're the first time they're being rented out and just going by the yield they'll need to pay off the mortgage!

Or perhaps they've taken the daily AirBnB rate and multiplied it by 365!

Worth watching if they go for sale soon when reality sets in.

Lets hope so. That is a crazy amount of rent for a pretty standard house! I would want a pent house flat in Mayfair for that sort of cash!

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My house is worth...

I want a yield of....

Hey presto, this is what a "sensible" rent looks like to cover my costs and provide a reasonable return.

Now come on. Hurry before it flies off the market!

At a yield of 4% (which is at the upper end of yields and doesn't take into account voids etc) that makes it "worth" £1.5m

A quick rightmove search of pirbright GU24 shows 3 bedders (not 2 bedders such as this one) for circa 700k, so someone seriously doesn't understand the market

Oh well - time will tell

or you could rent this for £500pcm extra

http://www.rightmove.co.uk/property-to-rent/property-56105815.html

:lol:

Edited by knock out johnny

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The super high end PCL market is weird - it's either feast of famine

Big stuff £2m+ just sits on the market for ages - when it does sell or rent it's big money obviously, but I can see a lot of the big stuff lingering. I do wonder how the bigger agents will survive when their transactions drop off.

The issue is the same for owners; the council tax must be brutal. I don't care how rich you are, but to have an asset sitting there costing you money must drive them mad.

Saw two massive houses in Canonbury square (6 bedder Georgian period done to up to the nines) for sale, literally next to each other sitting for ages at £6m & £5m respectively - they've both dropped £1m each - still there

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WTF

£5k per month for a 3 bedder - not even a garage. In a small Surrey village.

http://www.primelocation.com/to-rent/details/41495363?utm_content=tr-featured-property&utm_campaign=201609-reg-geo&utm_medium=email&utm_source=update#Awbxwpv6YY5fU5mb.97

Not even a really good location. Will take at least half an hour to the M3.

£60k per year is the entire take home pay of someone on £90k. But I suppose you do get the aspirational aga - assuming you can afford the gas to turn it on.

Just wish there was a register so we could see what it actually lets for.

These are both short lets, for which there is always a substantial premium.

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