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electrogear

Lots of BTL flooding the market in Hull!

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Over 50% of properties this week have been "no chain" (even some of those that don't state it in the listing appear to be empty). Tells me that landlords are starting to flood the market. I've even seen this in the outlying villages where we're waiting to buy. Hopefully this increase in supply translates to a drastic lowering of prices...

http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION^665&maxPrice=375000&sortType=6&index=24&includeSSTC=false

 

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Stats for the last week:-


REDUCED    40
NO CHAIN/SITTING TENNANTS    72
OWNER OCCUPIER    51
TOTAL        123  

Not sure how this compares to the week before, lost patience after trawling through all those listings! 58% are BTL.

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8 hours ago, electrogear said:

Stats for the last week:-


REDUCED    40
NO CHAIN/SITTING TENNANTS    72
OWNER OCCUPIER    51
TOTAL        123  

Not sure how this compares to the week before, lost patience after trawling through all those listings! 58% are BTL.

How do you see these stats as I can't find them

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To be honest, I wasn't monitoring in Hull before now, but I've noticed an influx of ex BTL in the last week in the other areas I am monitoring on rightmove (cottingham/beverley/market weighton) which prompted me to look at a wider search area.

On another note, we have seen a property which needs completely renovating and I think we might go for it. It's at about half our budget which would leave us with enough money to extend and renovate it (add another bedroom & garage) and it's already big for a 2 bed at 1350 Square Foot with 0.25 acres. Bargain compared to what else is out there at the minute, but will take a lot of work and there's electrogear no. 3 on the way soon :/

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On ‎09‎/‎02‎/‎2017 at 10:32 PM, electrogear said:

Over 50% of properties this week have been "no chain" (even some of those that don't state it in the listing appear to be empty). Tells me that landlords are starting to flood the market. I've even seen this in the outlying villages where we're waiting to buy. Hopefully this increase in supply translates to a drastic lowering of prices...

http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION^665&maxPrice=375000&sortType=6&index=24&includeSSTC=false

 

Doncaster same with BTL now, batch's coming up in the same area as if they are selling up. 

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