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TheCountOfNowhere

The greatest thread of all...The BTL running for the exit thread

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It's happening:

 

http://www.rightmove.co.uk/property-for-sale/property-64083293.html

 

A property containing 11 individual apartments varying between one and two bedrooms, most of which are currently let. This is an excellent investment opportunity for any interested, we understand from the current vendor that the five 2 bedroom apartments are let at £550pcm and the six 1 bedroom apartments are let at £500pcm.

Edited by TheCountOfNowhere

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There are several in Norwich, and if you check Property Bee some are being reduced and still not shifting...

http://www.rightmove.co.uk/property-for-sale/property-58267691.html

 

http://www.rightmove.co.uk/property-for-sale/property-58064813.html

 

http://www.rightmove.co.uk/property-for-sale/property-58064057.html

 

These are just the obvious ones, there is a lot more still to come onto the market.  In addition to glorified HMOs like that there is also a lot of single flats in the Riverside area starting to come on and rapidly reducing in price as nobody is "snapping them up" in order to let them out anymore.  It really has begun...

 

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http://www.rightmove.co.uk/property-for-sale/property-57108538.html

Asking price £229,950.

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=62234018&sale=87836667&country=england

Last bought £250,000, in.... March 2016. Coincidence?

Oops. I think it might be what's known as an "accidental flipper"

Edited by Digsby

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8 minutes ago, Digsby said:

http://www.rightmove.co.uk/property-for-sale/property-57108538.html

Asking price £229,950.

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=62234018&sale=87836667&country=england

Last bought £250,000, in.... March 2016. Coincidence?

Oops. I think it might be what's known as an "accidental flipper"

Holy f**K over double since 2001.  Madness.  Didnt they think to look at what the people paid for it in 2001 and offer that ?

Has it been up for rent?


Doesnt look like it.

Edited by TheCountOfNowhere

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7 minutes ago, TheCountOfNowhere said:

Holy f**K over double since 2001.  Madness.  Didnt they think to look at what the people paid for it in 2001 and offer that ?

Has it been up for rent?


Doesnt look like it.

Maybe just somebody caught up in the exuberance. I bet you they were at least bidding against a BTLer

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Been looking around Berkshire this week for a rental. 80% crap on the market that nobody would dream of living in and there is pages after pages of it on rightmove. 

Then the good 20% of which 1 in 4 or 1 in 5 is voids. With most of the landlords Ive contacted sounding pretty desperate and pushy, giving me the hard sell.

Looking good.

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24 minutes ago, Digsby said:

http://www.rightmove.co.uk/property-for-sale/property-57108538.html

Asking price £229,950.

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=62234018&sale=87836667&country=england

Last bought £250,000, in.... March 2016. Coincidence?

Oops. I think it might be what's known as an "accidental flipper"

Cant go wrong with union jack cushions

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21 minutes ago, TheCountOfNowhere said:

Holy f**K over double since 2001.  Madness.  Didnt they think to look at what the people paid for it in 2001 and offer that ?

Has it been up for rent?


Doesnt look like it.

Picturesque Somerset village? A second/holiday home purchase more likely than BTL. 

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Up from 50 -60 lot`s to 100 never seen this auctions with that number at one sale 

A lot of the places are way up the valleys and the prices reflect this ....Ferndale looks like it`s up for sale

 http://www.paulfoshauctions.com/pfa-auctions.php

Just hopping the infection is heading south on the same scale 

Edited by long time lurking

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10 minutes ago, hamish1985 said:

Read the description of this one http://www.rightmove.co.uk/property-for-sale/property-62759792.html why haven't they taken the offer as yet if that's true?!!! Only been on the market since October....

It'll be a corporate sale, they always notify the offer while the solicitors are conducting the purchase. Pure greed. 

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