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ScaredEitherWay

Portfolios For Sale? Take Your Pick

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Just whiling away time on rightmove last night ... and I wondered "how fine are the biggest, baddest houses?" so I set the system to be highest first ... and went to look

What I saw was whole portfolios for sale:

Portfolio of 7 houses http://www.rightmove.co.uk/viewdetails-159...=1&tr_t=buy

Portfolio of 5 flats http://www.rightmove.co.uk/viewdetails-147...=1&tr_t=buy

Portfolio of 5 flats http://www.rightmove.co.uk/viewdetails-147...=1&tr_t=buy

Portfolio of 5 flats http://www.rightmove.co.uk/viewdetails-675...=2&tr_t=buy (hey - these are the same block as the last lot too ...)

They give you the yields in the details too.... better have deep pockets.

£1.75m - seems to be developers

£1.5m - generating £40k

£1.35m - generating £49k

£1.2m - generating £41k

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£1.5m - generating £40k

a STUNNING 2.7% GROSS YIELD

Declaration Of Personal Interest

Under the estate agents act 1979 we have to advise any potential purchasers that the owner of this property is an employee of The Step (Milton Keynes) Ltd.

bunch of bandits

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32427_HarrowbyPortfolio_IMG_04.jpg

This portfolio looks like a prison! What exactly is the point of a second floor french window with no balcony???

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32427_HarrowbyPortfolio_IMG_04.jpg

This portfolio looks like a prison! What exactly is the point of a second floor french window with no balcony???

It's a Juliette Balcony for Lord's sake. Doesn't anyone on here read Shakespeare no more?

2nd generation flats in the same area get them. The first generation get a proper one.

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1.75M for seven new build town houses in Cardiff! Ridiculous. What is the best rental yield per month from each - 1100 perhaps! If you add that up it wouldnt even cover the mortgages if you could get them on one. The margin as a btl is minimal if not negative.

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It's a Juliette Balcony for Lord's sake. Doesn't anyone on here read Shakespeare no more?

2nd generation flats in the same area get them. The first generation get a proper one.

Is that what they are called?

What's the point of them? (apart from stopping you falling into the garden from a door stupidly installed on the second floor)

ARe they meant to be some sort of selling point??? :blink:

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Does "fully decked rear garden" mean there's no rear garden?

Basically they're ghastly. There could be 20 or 30 of them in that row and battery chickens would feel right at home there.

Edited by Nationalist

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Is that what they are called?

What's the point of them? (apart from stopping you falling into the garden from a door stupidly installed on the second floor)

ARe they meant to be some sort of selling point??? :blink:

Something for the missus to hold onto when the gardener's hanging out of the back of her?? :ph34r:

Edited by hourkid

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Is that what they are called?

What's the point of them? (apart from stopping you falling into the garden from a door stupidly installed on the second floor)

ARe they meant to be some sort of selling point??? :blink:

Personally I like them. I think that's a bedroom. I've always fancied lying in bed on a summer's morning with the french windows open .. balcony to meet H&S Regs to stop people falling out (small people, drunk people and stupid people).

It does mean your bedroom can have nice long french windows letting more light in, rather than a pokey small window you have to stand against to see out.

But don't nod off or some chavvy scally will be able to take his chances with the big open window as the balcony gives him something to grab onto to gain entry to your house - and nice big windows to get that big plasma screen out through.

Edited by ScaredEitherWay

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Is that what they are called?

What's the point of them? (apart from stopping you falling into the garden from a door stupidly installed on the second floor)

ARe they meant to be some sort of selling point??? :blink:

I think the idea is that you can have windows behind them that open up fully (to provide some ventilation into your otherwise dark and foetid veal crate). Whilst I'm all in favour of making things more dangerous to give evolution a helping hand, even I can see that a floor to ceiling open door on the first floor of a building is a bit of a health hazard.

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At about £250k each .... wonder if they'd take £125k for one cash.

I think 125K would be rather generous. If they go to auction you may get a lower price, it looks like a fire sale someone has been left hold of a too bigger baby and trying to offload it.

Could end up like that Myers auction in Florida where some suckers paid top dollar e.g 300K for their townhouse and a few weeks later they went for 150K at auction.

Remeber the dude saying "Its Not Fair".

Just added link for those who havn;'t seen it has some really pissed off dudes regards the developers

http://www.winknews.com/news/local/7896352...deo=YHI&t=a

Edited by joey

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Just whiling away time on rightmove last night ... and I wondered "how fine are the biggest, baddest houses?" so I set the system to be highest first ... and went to look

What I saw was whole portfolios for sale:

Portfolio of 7 houses http://www.rightmove.co.uk/viewdetails-159...=1&tr_t=buy

Portfolio of 5 flats http://www.rightmove.co.uk/viewdetails-147...=1&tr_t=buy

Portfolio of 5 flats http://www.rightmove.co.uk/viewdetails-147...=1&tr_t=buy

Portfolio of 5 flats http://www.rightmove.co.uk/viewdetails-675...=2&tr_t=buy (hey - these are the same block as the last lot too ...)

They give you the yields in the details too.... better have deep pockets.

£1.75m - seems to be developers

£1.5m - generating £40k

£1.35m - generating £49k

£1.2m - generating £41k

And what do we think Rightmove will do with the numbers for reporting average prices. Presumably reading off the topline they will be entered as "2 bedroom flat - asking price £1.2m" and so on - it will take a huge number of individual price drops to counteract that in the averages.

Or am I just being cynical

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It's a Juliette Balcony for Lord's sake. Doesn't anyone on here read Shakespeare no more?

I've alway thought these things are not balconies at all. Trading Standards should force developers to call them 'window bars'.

Surely a balcony is something you can stand in.

bal·co·ny (blk-n)

1. A platform that projects from the wall of a building and is surrounded by a railing, balustrade, or parapet.

http://www.thefreedictionary.com/balcony

Edited by Saving For a Space Ship

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Declaration Of Personal Interest

Under the estate agents act 1979 we have to advise any potential purchasers that the owner of this property is an employee of The Step (Milton Keynes) Ltd.

An estate agent selling off his BTL portfolio. This must be proof that prices are set to drop.

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An estate agent selling off his BTL portfolio. This must be proof that prices are set to drop.

Note these guys are in Milton Keynes and selling Cardiff property. Check out their website - they do some standard estate agency stuff but also offer all sorts of deals:

  • chain-breaker (sell your property and buy your purchaser's property to break chain)

  • part-ex

  • outright purchase

Lots of talk of discounts over their appointed RICS valuation (whether to allow incentives on purchase or the other deals).

However most interesting that this is an employee and not the company who owns and is selling - a flip gone wrong? No surely not - somebody in Cardiff said they were really good (on MoneyExpert)

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Portfolio of 5 flats http://www.rightmove.co.uk/viewdetails-147...=1&tr_t=buy

Portfolio of 5 flats http://www.rightmove.co.uk/viewdetails-675...=2&tr_t=buy

They give you the yields in the details too.... better have deep pockets.

£1.35m - generating £49k

£1.2m - generating £41k

Interesting at those prices each and every one would be cash flow negative at 75% LTV. For that matter at 90% original LTV they'll be cash flow negative. The Victoria Wharf ones are particularly interesting as bryant homes haven't finished building that scheme yet. http://www.bryant.co.uk/SouthWales/VictoriaWharf

If my hunch is correct one portfolio will be in the building to the right and one to the left, whilst apartments in the middle building are currently being sold by the developer. :ph34r:

IMHO it is out of area numpties looking to off load onto a bigger fool that doesn't know the area or market.

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a STUNNING 2.7% GROSS YIELD

Declaration Of Personal Interest

Under the estate agents act 1979 we have to advise any potential purchasers that the owner of this property is an employee of The Step (Milton Keynes) Ltd.

bunch of bandits

Has it been designed speciffically to look like an ex-council tower block?

As for the £300 P.A. ground rent per flat....

13048_490759037230_IMG_01.jpg

post-6103-1184974119_thumb.jpg

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I've alway thought these things are not balconies at all. Trading Standards should force developers to call them 'window bars'.

Surely a balcony is something you can stand in.

bal·co·ny (blk-n)

1. A platform that projects from the wall of a building and is surrounded by a railing, balustrade, or parapet.

http://www.thefreedictionary.com/balcony

Brilliant! :lol::lol::lol: q

Edited by Baz63

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Has it been designed speciffically to look like an ex-council tower block?

As for the £300 P.A. ground rent per flat....

Used to be an office block, originally built in the 60's. The wooden clad thing on the top is a new addition and the exterior was reclad. The block was only finished last year, still loads of unsold units mind.

http://www.citylofts.co.uk/apartments/curr...20&NavL1=fp

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Am I reading this right? "Bugger it, YOU develop it ... we know we'll never be able to sell a thing here if we do it." (P.S. and we'll watch .... maybe we can buy it back off you in about 5 years when it's developed -at this same price and without tying up our capital)

http://www.rightmove.co.uk/viewdetails-155...=2&tr_t=buy

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