Vacant Apartments ???????????

lynzpower

Have you tried the likes of spareroom, gumtree?

Barneysmom

By the sound of it they would make great holiday flats. You could probably undercut some holiday lets and still make a profit?

jstvj

Yes, they were holiday apartments and then Winter lets, but I am too old now

chickmug

jstvj wrote: »

Yes, they were holiday apartments and then Winter lets, but I am too old now

Can't you offer them for sale. I know the market is bad but there just may be someone who is looking for this type of opportunity in Looe. Worth a go???

jstvj

chickmug wrote: »

Can't you offer them for sale. I know the market is bad but there just may be someone who is looking for this type of opportunity in Looe. Worth a go???

With pensions as they are, I now need the income even more and as you say the selling market is a dead loss at the moment. Also, in this part of the country many buildings, as mine have mundic block,.Problem is, this adds to the overheads. Have you heard of the problem ?

chickmug

jstvj wrote: »

With pensions as they are, I now need the income even more and as you say the selling market is a dead loss at the moment. Also, in this part of the country many buildings, as mine have mundic block,.Problem is, this adds to the overheads. Have you heard of the problem ?

Yes as a retired agent I used to have contacts in various parts of the UK. Mundic block can be very bad news but do you feel you have this problem. It is a normal requirement for lenders in that part of the country to check for mundic and ask for a mundic survey.

My contacts used to tell me it could be a problem but it only now and again. In Cornwall there are surveyors offering this type of survey so you may want to get one done to reassure you?

But why would mundic add to the overheads unless I am misreading your post?

jstvj

Yes, I have had the bad news survey. When the problem becomes worse the blocks shift, windows move and render breaks up.

chickmug

jstvj wrote: »

Yes, I have had the bad news survey. When the problem becomes worse the blocks shift, windows move and render breaks up.

Right I am sorry to hear that as it is bad news!
So I guess the only way forward is to find tenants and I do hope others may have better ideas than me.

Good luck to you.

jstvj

chickmug wrote: »

Right I am sorry to hear that as it is bad news!
So I guess the only way forward is to find tenants and I do hope others may have better ideas than me.

Good luck to you.

Thank you for your concern and best wishes. I have known of this problem for some years and with full or part full lettings have been able to keep up with the problem. However, as income drops, these extra overheads do become a major problem. As usual there is no help from any sources, especially down in Cornwall.

Makes me mad, all the billions being wasted to bail out so many other loss leading businesses. Still, that's another subject.

Back to my subject, so much is said about the lack of affordable housing and the numbers of homeless, so why is it that good Tenants are so apparently scarce

lynzpower

I wonder whether this is an oversupply issue?

How is employment in your area, sorry Im not familiar with it

The difficulty coud be that if many people have been laid off/ not working etc and you wont accept DWP, then you might be chasing an ever decreasing supply of tenants, if you are wanting "professional workers" Plus moving itself is costly, so people wont move unless they have to?



Wish you all the best though, maybe an estate agent is the best way to go to get it on rightmove?