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TheCountOfNowhere

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

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Seeing several properties in my area Kettering, Northants come on the market for sale in Jan with TENANTS IN SITU.

 

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16 minutes ago, disenfranchised said:

Wellingborough & Rushden were in the top 10 mad gainz HPI 2016 list.

Not much hope for staying top of the pops in 2017... 

If you'd been to either...you'd know what the was "mad".

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@sol Ozzie HMO I'd wager

Tbh if you were a landlord and you're about to Get clobbered for tax, you see the crazy prices being offered, why wouldnt you stick your investment on the market at a crazy price? You'd be a fool not too.

Looking at strettons feb auction loads of investment tat coming through, converted flats hmos etc.

This IS gonna be a good thread.

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4 hours ago, Fudge said:

Seeing several properties in my area Kettering, Northants come on the market for sale in Jan with TENANTS IN SITU.

 

Anyone who paid £100K+ for a flat in Kettering are seriously f**ked

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9 minutes ago, GreenDevil said:

@sol Ozzie HMO I'd wager

Tbh if you were a landlord and you're about to Get clobbered for tax, you see the crazy prices being offered, why wouldnt you stick your investment on the market at a crazy price? You'd be a fool not too.

Looking at strettons feb auction loads of investment tat coming through, converted flats hmos etc.

This IS gonna be a good thread.

You'd be a fool not to stick it on at a price that will sell quickly and bring you a massive profit.

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2 flats...looks like 1 house to me

 

http://www.rightmove.co.uk/property-for-sale/property-46443663.html

 

A great investment tho.  If you're a f**kwit who can't add up.

 

01/02/2017,
  • Price changed: £199,995 Guide Price £189,995
  • Subtitle changed: from 'Property ' to 'House '
25/01/2017,
  • Initial entry found. 

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Nearly 30% drop on this building plot for...you guessed it....1 bed flats

 

http://www.rightmove.co.uk/commercial-property-for-sale/property-55880467.html

 

31/01/2017,
  • Brief Description changed: DEVELOPMENT OPPORTUNITY. PLANNING PERMISSION GRANTED for the erection of two 1 bedroom flats, flats and refurbishment of a single storey building a studio flat in accordance with the terms of the appeal ref: APP/H2835/W/16/3148247. Application reference: WP/15/00462/FUL.  
  • Price changed: Offers in Region of £150,000 £100,000  
18/11/2016,
  • Price changed: Offers in Region of £160,000 £150,000

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Investment only.  No, you can't buy it and live in it yourself. No way.

 

http://www.rightmove.co.uk/property-for-sale/property-64359110.html

 

"INVESTORS ONLY "

 

" TENANT RESIDING"

 

£80K

Someone wants rid QUICK SHARP.

 

That's probably back at 2007 investment levels.

 

Edited by TheCountOfNowhere

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Roach spray not working:

Piece in the FT today saying tax take from stamp duty much bigger than expected and that the 3% plus S24 changes were showing no signs of damping landlord demand for more people farming opportunities. 

Better hit them up for some more then.

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3 minutes ago, LC1 said:

Roach spray not working:

Piece in the FT today saying tax take from stamp duty much bigger than expected and that the 3% plus S24 changes were showing no signs of damping landlord demand for more people farming opportunities. 

Better hit them up for some more then.

Read as....keep buying while we sell up...

Forget the UK property market for a while and sit back and watch the events around us.  It;s quite some moment in history we are living through.


people probably havent quite fathomed it out yet but the insane bubble and the problems we see are all related.....all roads lead to the bankers.


 

Edited by TheCountOfNowhere

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6 minutes ago, GreenDevil said:

Plenty of shite flats up for grabs, howver if you want a 4 bed house kite flying prices hpi forever business as usual ...

yeah but the magic FTB with the £100K of tax free equity might no longer exit.

That makes the £200K for the 4 bed house they over stretched for...£300K.

The genius ( if I can call it that ) of Cameron/Osborne was their propping up the market from the bottom via HTB, using QE to fund it and despeate idiot BTLers to buy into it.

That away the bottom tier and the market will drop to 2004 levels faster than Lance Armstrong coming down from the summit of  L'Alpe d'Huez ( Another artificially enhanced winner ).

 

 

Edited by TheCountOfNowhere

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The bottom can drop out of the boittom of the market yet prices for 4 bed level can stay high. People will stay put, which is what we are seeing. Stagnation. Apart from the odd forced sale which will go offers over because its the only thing available at a fair price. The markets screwed... But at least we an watch the BTL scum troughers get screwed too.

Edited by GreenDevil

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6 hours ago, TheCountOfNowhere said:

2 flats...looks like 1 house to me

 

http://www.rightmove.co.uk/property-for-sale/property-46443663.html

 

A great investment tho.  If you're a f**kwit who can't add up.

 

01/02/2017,
  • Price changed: £199,995 Guide Price £189,995
  • Subtitle changed: from 'Property ' to 'House '
25/01/2017,
  • Initial entry found. 

The whacking great metal outdoor staircase and tiny balcony from the upper floor into the garden would NEVER have been put in a garden of that size by the original designer / architect.

No doubt was probably put there by the BTL as part of splitting it into 2 dwellings. This is certainly new to me in the "making the house less sellable" category that was noted on another thread talking about chopping houses interior up into flats / bedsits.

Good work. I'll make an offer of f*** all for it.

Edited by Arpeggio

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http://www.rightmove.co.uk/property-for-sale/property-45374967.html 


01/02/2017,    Price changed: from '£169,950' to '£144,950'

10/01/2017,    Price changed: from '£185,000' to '£169,950' 

If you're going to panic.. panic first.

Only another 100k to go.

 

Edit. looking at the floorplans.. the only way to exit Bedroom 2 is through Bedroom 1.. or out of the window. Surely they can't be allowed to market that as an actual bedroom!

 

 

Edited by Lambie

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9 minutes ago, Lambie said:

http://www.rightmove.co.uk/property-for-sale/property-45374967.html 


01/02/2017,    Price changed: from '£169,950' to '£144,950'

10/01/2017,    Price changed: from '£185,000' to '£169,950' 

If you're going to panic.. panic first.

Only another 100k to go.

 

 

Doesn't look too bad really for the price. And it is in a student area - sure there would be demand for it. 

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That last ones a belter only 270k... Oh dear.

Whose gonna buy it if the usual BTL scum aren't interested? All seemed to be Priced 10-50k over the previous highest price. Wonder where all the tenants? Went back to Poland?

Edited by GreenDevil

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  • 242 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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