yodigo Posted July 24, 2017 Share Posted July 24, 2017 http://www.rightmove.co.uk/property-for-sale/property-66194285.html " 202 Hagden Lane, Watford, WD18 7UD 198 Hagden Lane, Watford, WD18 7UD 17 Cassio Road, Watford, WD18 0QR 37 Cassio Road, Watford, WD18 0QP 15 Woodford Road, Watford, WD17 1PB Available as a portfolio or individually." Not surprised. Lots and lots of EEs ended up in Watford. 1) The houses really are in the worst parts of the town. 2) The Poles I worked with around 2014 hated this area, and wanted to get out - quote "I wouldn't live there if you paid my rent and more money on top". 3) Rents for these places went crazy and nearly doubled (according to the EEs) in a few years. 4) Less demand due to Brexit. Quote Link to comment Share on other sites More sharing options...
doahh Posted July 24, 2017 Share Posted July 24, 2017 That is one that does look like he has gone bust: Quote UPON BEHALF OF THE RECEIVERS Of interest to developers and investors. The deadline for all offers is Wednesday 5th July 2017 That is a large list of properties as well, maybe 20 beds in total. Good to see and ... Ha-ha, Ha-ha, Ha-ha, Ha-ha, Ha-ha, Ha-ha, Ha-ha! Quote Link to comment Share on other sites More sharing options...
Calcutta Posted July 24, 2017 Share Posted July 24, 2017 Excellent news. If a couple of these parasites round my way loose their trousers then it's game on. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted July 24, 2017 Share Posted July 24, 2017 Currently rented on 3 year leases indicates a renting to the council deal??? Quote Link to comment Share on other sites More sharing options...
highcontrast Posted July 24, 2017 Share Posted July 24, 2017 14 minutes ago, doahh said: That is one that does look like he has gone bust: That is a large list of properties as well, maybe 20 beds in total. Good to see and ... Ha-ha, Ha-ha, Ha-ha, Ha-ha, Ha-ha, Ha-ha, Ha-ha! That seems a bit mean... only kidding, it's pi55 funny lolz Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 24, 2017 Share Posted July 24, 2017 (edited) here are no end of HMOs round Northampton, the total rent prices are insane, like 2.5K for a terrace house where you can still rent a family home for < 1 K. makes no sense what so ever. The parasites running these HMOs must be some of the scummiest people ever to have lived. Anyone with half a brain would collect all the local HMO residents and start a HMO rent strike/Protest. Edited July 24, 2017 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted July 24, 2017 Share Posted July 24, 2017 13 minutes ago, TheCountOfNowhere said: here are no end of HMOs round Northampton, the total rent prices are insane, like 2.5K for a terrace house where you can still rent a family home for < 1 K. makes no sense what so ever. The parasites running these HMOs must be some of the scummiest people ever to have lived. Anyone with half a brain would collect all the local HMO residents and start a HMO rent strike/Protest. I thought they did for chariddee Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 24, 2017 Share Posted July 24, 2017 14 minutes ago, Sancho Panza said: I thought they did for chariddee That might explain why they are all fat with shaved heads. Quote Link to comment Share on other sites More sharing options...
Lavalas Posted July 24, 2017 Share Posted July 24, 2017 Obviously didn't think to just put the rents up (init) Durrrrrrrrrrrr Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 24, 2017 Share Posted July 24, 2017 38 minutes ago, Lavalas said: Obviously didn't think to just put the rents up (init) Durrrrrrrrrrrr Musta not thought of that !!! Quote Link to comment Share on other sites More sharing options...
Freki Posted July 24, 2017 Share Posted July 24, 2017 And this is before any of the S24 effects start kicking in Quote Link to comment Share on other sites More sharing options...
doahh Posted July 24, 2017 Share Posted July 24, 2017 3 hours ago, deadlyavenger said: That seems a bit mean... only kidding, it's pi55 funny lolz Indeed. This person took 5 family houses, maybe converted them into HMO's themselves. That means 20-25 people crammed in without a living room or control over who they live with. The owner almost certainly went bankrupt and so got nothing for themselves either. In the end they damagd the lives of 5 large famlies, 20-25 people who they rented the HMO to and their own. The only instituition who benefitted is the bank who sold the CDO/CDS. Who the hell is better off for this behaviour? 37 minutes ago, Freki said: And this is before any of the S24 effects start kicking in Exactly, how on earth did they manage to get in such a mess at this early stage? They must have been massivly over-leveraged. Scum is the right word for this 'investor'. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 24, 2017 Share Posted July 24, 2017 23 minutes ago, doahh said: Indeed. This person took 5 family houses, maybe converted them into HMO's themselves. That means 20-25 people crammed in without a living room or control over who they live with. The owner almost certainly went bankrupt and so got nothing for themselves either. In the end they damagd the lives of 5 large famlies, 20-25 people who they rented the HMO to and their own. The only instituition who benefitted is the bank who sold the CDO/CDS. Who the hell is better off for this behaviour? Exactly, how on earth did they manage to get in such a mess at this early stage? They must have been massivly over-leveraged. Scum is the right word for this 'investor'. The banks and the rich will have done well out of it tho. There's the real problem, not their idiotic front men. Quote Link to comment Share on other sites More sharing options...
ebull Posted July 24, 2017 Share Posted July 24, 2017 Not quite as simple as you are all imagining .... [it's worse] pdf says "company let" and names prices with even tinier yields than usual. 2 years into a 5 year lease. Or maybe 290 is for the lot? 20% would be a very reasonable expectation for someone prepared to take that lot on. And the agent is in Islington? The Schedule PROPERTY DESCRIPTION PRICE EXPIRY DATE RENTAL PA TENANCY AGREEMENT 202 Hagden Lane, Watford, WD18 7UD Freehold End of terrace house 6 bedrooms 2 bathrooms £350,000 18/1/2019 £18,000 (£1500 pcm) AST 3 year term No break The landlord reserves no right to increase the rental income over the course of the current tenancy. AWAITING ACCESS TO PROVIDE EPC 198 Hagden Lane, Watford, WD18 7UD Freehold Mid-terrace house 6 letting rooms 2 communal bathrooms Communal kitchen Let as an HMO £290,000 1/4/2020 £12,000 (£1000 pcm) Company Let 5 year term Tenant only break subject to one months’ notice The landlord reserves the right to review the rent on a six monthly basis and/or when the tenancy is renewed 17 Cassio Road, Watford, WD18 0QR Freehold Mid-terrace house 5 letting rooms 2 communal bathrooms Communal kitchen Let as an HMO £290,000 1/4/2020 £12,000 (£1000 pcm) Company Let 5 year term Tenant only break subject to one months’ notice The landlord reserves the right to review the rent on a six monthly basis and/or when the tenancy is renewed 37 Cassio Road, Watford, WD18 0QP Freehold End of terrace house 6 letting rooms 2 communal bathrooms Communal kitchen Let as an HMO £270,000 1/4/2020 £10,800 (£900 pcm) Company Let 5 year term Tenant only break subject to one months’ notice The landlord reserves the right to review the rent on a six monthly basis and/or when the tenancy is renewed 15 Woodford Road, Watford, WD17 1PB Ground floor flat 1 bedroom flat First floor flat 1 bedroom flat £330,000 1/4/2020 £12,000 (£1000 pcm) Company Let 5 year term Tenant only break subject to one months’ notice The landlord reserves the right to review the rent on a six monthly basis and/or when the tenancy is renewed Quote Link to comment Share on other sites More sharing options...
jfk Posted July 24, 2017 Share Posted July 24, 2017 Ahahahahahahahhahahahaha! Quote Link to comment Share on other sites More sharing options...
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