Jump to content
House Price Crash Forum

Archived

This topic is now archived and is closed to further replies.

CunningPlan

What does £1500pcm / £450k get you round your way?

Recommended Posts

Following on from DT's escapism thread, it is interesting to get others views on what represents a good property from a locals perspective in other parts of the country.

Working on the theory that a £450k house at 4% gross yield would rent for about £1,500 pcm, what would be the best purchase / rental you could get in your area for those prices?

 

 

Share this post


Link to post
Share on other sites

£450k: http://www.propertynews.com/Property/BELFAST/BTWEBBTWEB42487/156-Upper-Knockbreda-Road/405222271/Page2

141243364.jpg

£1500 pcm:

(there's generally not much available to rent outside central Belfast, which is the most expensive place and is priced with the idea that each room will have a wage earner in it)

About 3 miles from Belfast city center:

http://www.propertynews.com/Property/Belfast/VPAVPA2169/21-Hawthornden-Drive/405222827/

135590166.jpg

Share this post


Link to post
Share on other sites
23 minutes ago, One-percent said:

Are there dead people in the garden?  That and chapel town being a red light district might put some buyers off

Not sure about the dead people. It was my local church growing up. My junior school is across the road. I was a bit shocked to see it on right move tbh.

I think you are thinking of chapeltown in Leeds.

Share this post


Link to post
Share on other sites
3 minutes ago, Reebo said:

Not sure about the dead people. It was my local church growing up. My junior school is across the road. I was a bit shocked to see it on right move tbh.

I think you are thinking of chapeltown in Leeds.

I was reebo.  I thought I saw chapeltown station on the rm map.

 

must be a bit weird living in a church.  Now, if I could only get planning permission on this, I think I might be able to put up with it.

https://en.m.wikipedia.org/wiki/Church_of_Saint_Mary,_Whitby

 

 

 

Share this post


Link to post
Share on other sites

There is only one house sub £450,000 in my area. 

http://www.rightmove.co.uk/property-for-sale/property-56279338.html

Although you really wouldn't want to live there as it's ex-council and god knows who you might be moving in next door to, no issue with former council places, or people who live in council properties, I just think you take a chance when buying ex council, might be worth the risk for say £100k, not so for half a million. 

As for rent, at that level it's at best a 2 bed flat. This one is in the same building as me. 

http://www.rightmove.co.uk/property-to-rent/property-63180428.html

Share this post


Link to post
Share on other sites
23 minutes ago, One-percent said:

I was reebo.  I thought I saw chapeltown station on the rm map.

 

It's in chapeltown. Just the one in Sheffield, which is just a large normal village, unlike the gun crime crack whore chapeltown in Leeds ;)

Share this post


Link to post
Share on other sites
3 minutes ago, Reebo said:

It's in chapeltown. Just the one in Sheffield, which is just a large normal village, unlike the gun crime crack whore chapeltown in Leeds ;)

Haha!  Thanks for pointing it out, I just saw chapel town and thought Leeds lol

Share this post


Link to post
Share on other sites
21 minutes ago, gilf said:

There is only one house sub £450,000 in my area. 

http://www.rightmove.co.uk/property-for-sale/property-56279338.html

Although you really wouldn't want to live there as it's ex-council and god knows who you might be moving in next door to, no issue with former council places, or people who live in council properties, I just think you take a chance when buying ex council, might be worth the risk for say £100k, not so for half a million. 

As for rent, at that level it's at best a 2 bed flat. This one is in the same building as me. 

http://www.rightmove.co.uk/property-to-rent/property-63180428.html

Blimey, you would get £320k change from your £450k for that in Sheffield.

Share this post


Link to post
Share on other sites

I quite like 1960s-70s builds with big windows and garages so I chose this 4-bed chalet on the outskirts of Norwich with an asking price of £435k. A bit plain inside imo but that's probably the 'Ch4 Property Ladder' effect to try and appeal to as many as possible.

http://www.rightmove.co.uk/property-for-sale/property-45971517.html

The ceiling price on this road is £312,500 (Nov 2013) so it's overpriced by a wide margin.

Share this post


Link to post
Share on other sites
53 minutes ago, gilf said:

There is only one house sub £450,000 in my area. 

http://www.rightmove.co.uk/property-for-sale/property-56279338.html

Although you really wouldn't want to live there as it's ex-council and god knows who you might be moving in next door to, no issue with former council places, or people who live in council properties, I just think you take a chance when buying ex council, might be worth the risk for say £100k, not so for half a million.

I grew up in an ex-council house. Neighbours were OK on that road. I can understand the apprehension but I think there is a fair risk of sh**ty neighbours in private areas. :)

I like the style of house but I'm not too keen on the stone cladding. I loathe tiled floors in living rooms.

Share this post


Link to post
Share on other sites

http://www.rightmove.co.uk/property-for-sale/property-54177973.html
7 bedrooms.

or a 4 bed semi.
http://www.rightmove.co.uk/property-for-sale/property-45281157.html

Then lots of shite "new builds" that aren't new anymore.
http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION^78943&maxPrice=450000&radius=0.5&includeSSTC=false

I think someone's kite flying re:rental price of this 
http://www.rightmove.co.uk/property-to-rent/property-57194893.html

(it's also for sale http://www.rightmove.co.uk/property-for-sale/property-45184056.html £399k)

5 bedroom detached house to rent

1 Whinstone Way, Irk Vale, North Chadderton

£1,750 pcm| £404 pw

 

Share this post


Link to post
Share on other sites

Nothing. Not even a lockup garage. My shabby (rental) house value has just been reassessed (for rates) as the equivalent of £1.25 million ffs (cost:rent now at 50!)

neighboring property was bought for about $cad 1.3 m, torn down and rebuilt. Currently on market at $cad 4.888 m !!! Not sold as government recently slapped a 15% surcharge on non-residents buying property, so the hot-asian money has disappeared down to Seattle 

Share this post


Link to post
Share on other sites
9 minutes ago, Craig_ said:

What are these public rooms as mentioned in the adverts? Are they let out to people for bingo, whist and dances?

Share this post


Link to post
Share on other sites
9 minutes ago, One-percent said:

What are these public rooms as mentioned in the adverts? Are they let out to people for bingo, whist and dances?

I think it means they are not full of bunk beds, in a HMO sort of way.

Share this post


Link to post
Share on other sites
1 minute ago, One-percent said:

Lots of big houses were turned into YHA for example http://www.yha.org.uk/hostel/whitby?utm_source=google&utm_medium=maps&utm_campaign=google-places

i think all the rooms are full of bunk beds 

I have bad memories of bunk beds. In one hostel I stayed in for a few months, for good behaviour, somebody hit me on the head with a sock full of batteries, and nicked me tabs!

Share this post


Link to post
Share on other sites
3 hours ago, MattW said:

I quite like 1960s-70s builds with big windows and garages so I chose this 4-bed chalet on the outskirts of Norwich with an asking price of £435k. A bit plain inside imo but that's probably the 'Ch4 Property Ladder' effect to try and appeal to as many as possible.

http://www.rightmove.co.uk/property-for-sale/property-45971517.html

The ceiling price on this road is £312,500 (Nov 2013) so it's overpriced by a wide margin.

That's an impressive bundle of twigs in the bathroom.

Share this post


Link to post
Share on other sites

A New Build - 5 bedroom, as usual its really a 3-bed with two more bedrooms squeezed into the loft.

Looks like if you leaned on anything you'd fall through into the next room. I also hate corridor living rooms where you have to stare at a solid blank wall.

Lounge is 23.76 m2 and the dining room is 9 m2. The property is designed to sleep 9 people (4 doubles and a single) . So that's 2.64 m2 per person in the living room when watching Gogglebox and 1 m2 each in the dining room for family Come Dine with Me, so long as you don't expect to eat at a table. A prison cell in the UK should give 4.5 square metres per prisoner

£440k

it was only bought recently and now up for sale again. I don't know whether it is being sold for more or less.

Property in Devon, marketed by Settled in London

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   28 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.