Time to raise the rents. Posted May 18, 2006 Share Posted May 18, 2006 http://johnsales.webdadi.biz/details.dtx?p...49-4A3C91074206 4 bed mansion flat in SW6 for 435k. Would probably rent for more than cost. Quote Link to comment Share on other sites More sharing options...
TwentyOneEleven Posted May 18, 2006 Share Posted May 18, 2006 Who's got the milk? I think when TTRTR wakes up he's going to need a strong coffee!!! Quote Link to comment Share on other sites More sharing options...
delboypass Posted May 18, 2006 Share Posted May 18, 2006 I dont know where SW6 is or who you are referring would rent this place but as it costs £1/2 million pounds im pretty sure it is out of the price range of over 95% of the uk Quote Link to comment Share on other sites More sharing options...
Time to raise the rents. Posted May 18, 2006 Author Share Posted May 18, 2006 I dont know where SW6 is or who you are referring would rent this place but as it costs £1/2 million pounds im pretty sure it is out of the price range of over 95% of the uk Yeah OK. SW6 is one of the most expensive rental locations in the UK. Quote Link to comment Share on other sites More sharing options...
Nick T Posted May 18, 2006 Share Posted May 18, 2006 Yeah OK. SW6 is one of the most expensive rental locations in the UK. Where the hell do you live? UK or Sweden... even i am starting to be confused. Quote Link to comment Share on other sites More sharing options...
Smell the Fear Posted May 18, 2006 Share Posted May 18, 2006 http://johnsales.webdadi.biz/details.dtx?p...49-4A3C91074206 4 bed mansion flat in SW6 for 435k. Would probably rent for more than cost. You've got your loose credit specs on! The average income, even in this area, is way off what would be required to pay for that. Also, portered mansion block = massive service charge = wave goodbye to any profit. Quote Link to comment Share on other sites More sharing options...
Time to raise the rents. Posted May 18, 2006 Author Share Posted May 18, 2006 Where the hell do you live? UK or Sweden... even i am starting to be confused. Both. But why is that important? Quote Link to comment Share on other sites More sharing options...
GORT Posted May 18, 2006 Share Posted May 18, 2006 http://johnsales.webdadi.biz/details.dtx?p...49-4A3C91074206 4 bed mansion flat in SW6 for 435k. Would probably rent for more than cost. Hi TTRTR, Interesting to see you're looking around H&F. Do i take that as a sign you're projecting some capital growth in the Borough? I've been looking around Parsons Green for the last few months. 4 beds for £435k sounds good to me. I avoid using the phrase "value" because, personally, i dont think that exists anywhere in London, but that asking price is similar to many of the prices of 2 bed flats i've been looking at. Incidentally, although i intend to live in it for the 1st year, i've crunched the numbers on an investment scenario & the flats i've looked at struggle to yield much over 2%. I reckon i need an average of 3%/annum nominal capital growth over 15 years to make it worthwhile on purely financial grounds alone. Interested to hear your views. Cheers, Gort http://johnsales.webdadi.biz/details.dtx?p...49-4A3C91074206 4 bed mansion flat in SW6 for 435k. Would probably rent for more than cost. Additional point: I presume the block will have a lift & the details mention porterage, so the 1st thing i'd want to know is what's the service charge? I suspect that could have a significant impact on your potential rental stream. G Quote Link to comment Share on other sites More sharing options...
aussieboy Posted May 18, 2006 Share Posted May 18, 2006 http://johnsales.webdadi.biz/details.dtx?p...49-4A3C91074206 4 bed mansion flat in SW6 for 435k. Would probably rent for more than cost. Looks fine on face value... but how long's the lease? If it's <50yrs, it may be a 40k cost to extend to 150yrs. Handy for the Sloaney Pony, mind. Quote Link to comment Share on other sites More sharing options...
GORT Posted May 18, 2006 Share Posted May 18, 2006 Looks fine on face value... but how long's the lease? If it's <50yrs, it may be a 40k cost to extend to 150yrs. Handy for the Sloaney Pony, mind. Do you mean the White Horse, Parsons Green? I'll be there tomorrow night in fact........fighting through the smoke & scaffolding! PS the 4 bedder is a shared freehold. G Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted May 18, 2006 Share Posted May 18, 2006 Do you mean the White Horse, Parsons Green? Ah, many a fond memory. Quote Link to comment Share on other sites More sharing options...
ʎqɐqɹǝʞɐɥs Posted May 18, 2006 Share Posted May 18, 2006 (edited) Ah, many a fond memory. Are there any male pub toilets you havent been in? Edited May 18, 2006 by shakerbaby Quote Link to comment Share on other sites More sharing options...
aussieboy Posted May 18, 2006 Share Posted May 18, 2006 Do you mean the White Horse, Parsons Green? I'll be there tomorrow night in fact........fighting through the smoke & scaffolding! PS the 4 bedder is a shared freehold. G It must be next to the tannery or something then. Looks (highly relatively) reasonable to me. Have fun tomorrow night... and don't forget your rugger shirt! Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted May 18, 2006 Share Posted May 18, 2006 Are there any male pub toilets you havent been in? Stop being jealous. No. Quote Link to comment Share on other sites More sharing options...
apom Posted May 18, 2006 Share Posted May 18, 2006 http://johnsales.webdadi.biz/details.dtx?p...49-4A3C91074206 4 bed mansion flat in SW6 for 435k. Would probably rent for more than cost. TTRTR's you may be right. I have seen two bedroom flats in Exeter sell for over £300,000 because they have "executive" in the title and an on suite. London and you could be right... London has eeked up about 50% to some areas 300% Some areas have seen little inflation Quote Link to comment Share on other sites More sharing options...
jonewer Posted May 18, 2006 Share Posted May 18, 2006 Share of the freehold Quote Link to comment Share on other sites More sharing options...
Nick T Posted May 18, 2006 Share Posted May 18, 2006 Both. But why is that important? its not important Quote Link to comment Share on other sites More sharing options...
Time to raise the rents. Posted May 18, 2006 Author Share Posted May 18, 2006 TTRTR's you may be right. I have seen two bedroom flats in Exeter sell for over £300,000 because they have "executive" in the title and an on suite. London and you could be right... London has eeked up about 50% to some areas 300% Some areas have seen little inflation A good friend of mine bought a 1 bedroom flat around the corner from this one for 275k 3 years ago! Quote Link to comment Share on other sites More sharing options...
Smell the Fear Posted May 18, 2006 Share Posted May 18, 2006 A good friend of mine bought a 1 bedroom flat around the corner from this one for 275k 3 years ago! Just shows how much prices have dropped in some parts of London. Quote Link to comment Share on other sites More sharing options...
BandWagon Posted May 18, 2006 Share Posted May 18, 2006 (edited) http://johnsales.webdadi.biz/details.dtx?p...49-4A3C91074206 4 bed mansion flat in SW6 for 435k. Would probably rent for more than cost. That looks pretty good. I don't know the road but it's in a great location. You wouldn't have any trouble finding (good) tenants. It may have been pitched a bit low to attract lots of attention, but it's looks like good (relative) value. I wouldn't buy the place as a BTL, but if I was buying that's the type of place I would consider. It's hardly a bargain, but you could make it cover it's costs. Edited May 18, 2006 by BandWagon Quote Link to comment Share on other sites More sharing options...
rockdoctor Posted May 18, 2006 Share Posted May 18, 2006 I'd guess the service charge would be upwards of £1500/year. For 4-beds £435K does look good value for Fulham. I sold my 2-bed mansion flat in Putney for £310K in 2002 (82 year leasehold, riverside, no lift, 4th floor, £800 service charge). Since then the only sale in the block was for £285K. I think demand for this type of flat may have fallen since 2002. Quote Link to comment Share on other sites More sharing options...
Milkshock Posted May 18, 2006 Share Posted May 18, 2006 I think demand for this type of flat may have fallen since 2002. I agree I think mansion blocks are not considered as desirable as they once were due to aging infrastructure Quote Link to comment Share on other sites More sharing options...
Jem Posted May 18, 2006 Share Posted May 18, 2006 http://johnsales.webdadi.biz/details.dtx?p...49-4A3C91074206 4 bed mansion flat in SW6 for 435k. Would probably rent for more than cost. I live around the conrner, its a great block, very popular with renting professionals. Very short walk to Parsons Green station and the Fulham Road. Very safe area particularly for women even though there is quite a lot of social housing in the area. You could easily get £2500 per month in rent for this property. Quote Link to comment Share on other sites More sharing options...
Flat Bear Posted May 18, 2006 Share Posted May 18, 2006 (edited) Please Tell Me Why This Place Isn't Good Value Because it will depreciate in value and the rent wont cover the massive IO mortgage? Hope that helps Edited May 18, 2006 by Flat Bear Quote Link to comment Share on other sites More sharing options...
lpparker Posted May 18, 2006 Share Posted May 18, 2006 How do you value a rental property then? I thought it was 20xAnnual Rent - it that about right or is there more to it than that? Quote Link to comment Share on other sites More sharing options...
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