Jump to content
House Price Crash Forum
Sign in to follow this  
Its time to buy

Roll Up Roll Up Btl Investment Package On Ebay (again)

Recommended Posts

Having a look around, the purchase price seems comparable to other houses in the area. Not enough houses on rightmove with 5 bedrooms in that area, but similar looking 4 beds go for about £900pcm. The prices for the rooms seem high, but not beyond the realms of possibility. The gross yield is 11.33%. Seems very high for current days and certainly worthwhile for an investor. I've got a slight feeling that something is wrong, but you'd think that if the figures weren't as stated, then any purchaser would notice the difference after they bought the house when the rents were revealed to be less than stated. So unless there's a bait and switch, surely it would have to be above board.

Not that I'm suggesting that this is being done in the current sale Ms Lawyer Ma'am, but there could be a nice little earner set up by a group of people. They buy a house, one posing as the landlord, and the others as tenants. The tenants agree to very high rents, which is returned to them under the table. The house then goes on sale with sitting tenants and a mouth-watering yield. Once the house is sold, the tenants all put in their notice, and move onto the next property.

Looking around Dunstable this property looks to be a winner given the quality of the photos:

http://www.rightmove.co.uk/viewdetails-636...pa_n=1&tr_t=buy

Billy Shears

Share this post


Link to post
Share on other sites

It's an ex-council house, right ?

5 sharing and independent professional renters in one small ex-council house, each paying that much rent when you can rent a more space for a lot less in a nicer area.

BTW, it appears to have no lounge. In effect all the rooms other than the kitchen and the bathroom and what I guess is a converted garage at the back.

You tell me what professional tenant pays £80 a week to share a bathroom with three other people in Dunstable.

Stinks.

Share this post


Link to post
Share on other sites

does this need to be HMO licenced?

5 or more people living on three or more floors from two or more families? just read the ebay ad, NO (for now ;), i guess it only has two floors

Edited by moosetea

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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%



×
×
  • Create New...

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.