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Guest KingCharles1st

Landlord In A Pickle Thread-

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Guest KingCharles1st

Ok- I live in North Herts, and I have currently fallen on my feet wit ha nice new 2 bed- place. Not huge, not tiny, but comfortable, and smart. I'm makign it into a HOME for me and my two boys for whenever they stay- and that is often.

However- I'm not in a large town, and to MOVE to the larger town would mean I pay another 150+ per month for the privilege of the same type of property. Now I have recently been trawling the nearby major towns- Hitchin, Letchworth and Stevenage, for a suitable dwelling- and here the trouble starts.

If we use a four tier system for suitable properties- we can arrange things thus-

Tier 1- one bed fleapits- new old or who cares

Tier 2- small but nice 2 or 3 bed places for reasonable money

Tier 3- nice three bed- small four bed- a bit out of my league

Tier 4- Nobs properties- start around 1500 per month.

THERE ARE PRECIOUS FEW TIER 2 and lower bracket TIER 3

Believe me- they get snapped up the minute they come on the market.

The Tier 1 market is awash with rubbish, and Tier 4 are there- if you can afford them.

How is it in other areas?

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I'm in Colchester, Essex. We've got plenty of all kinds of rental property, although type 1 gets snapped up very quickly. There's not so much of 4 as rental demand drops off for larger properties.

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      • down 5% +
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