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mini28

Did This Guy Lose Money?

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I am looking to rent outer London with a 40 min commute from Euston. So, I thought I would try Leighton Buzzard.

Visited the property in the link below which is currently being renovated. EA told me that I would NOT pay any electric as Redrow will do so as the house is connected to Redrow marketing suit which is next door!!! Not sure that is a plus point but anyway, here are the facts:

HOUSE LINK: http://www.rightmove.co.uk/viewdetails-22193159.rsp?pa_n=1&tr_t=rent

HOUSE PRICES: houseprices.co.uk show it was bought in 2002 for £199k and again in 2006 for £240k

FACT: EA said garden was sold off to Redrow Homes and he bought it as is doing it up to sell then rent it.

SEE: http://www.houseprices.co.uk/e.php?q=1+mentmore+LU7+2NY&n=10

WHAT HAPPENED: I walked to property greeted by Redrow homes market suite and at least 4 blocks of flats, not sure of the volume but I would say at least 1,000 flats in total that will use a road which runs alongside the house, therefore due to the noise of traffic thought I would give it a miss. Also view from Garden is ... flats (and lots of them)

http://www.redrow.co.uk/houses/view_by_development/106

So this guy bought the above house, he is doing it up. Bathroom was extremely small (dimensions not on right move) but around 5 ft by 5 ft maybe smaller

To be fair looked like landlord was doing a decent job, new carpets etc. So... has this guy lost money? Cannot see anyone renting it with all those flats .. but it is 10 mins walk to train station..

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  • 401 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%



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