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The "have a look at this!" thread II

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Comments

  • Gingernutty
    Gingernutty Posts: 3,769 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Leven wrote: »
    I thought there had to be a catch, as the flat is in one of the highest priced areas of Bristol. In fact, I joked to my friend that the mystery man was a siiting tenant - turns out there is one.
    but £275 for a studio flat in that area he aint never gonna move as that is so cheap

    Exactly.

    There can't be many of these sitting tenants left alive. Any buyer can only hope that the tenant leaves of his own accord/goes into a long term care home/dies very soon and then set about the flat with a view to making a profit.
    :huh: Don't know what I'm doing, but doing it anyway... :huh:
  • DRP
    DRP Posts: 4,287 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Exactly.

    There can't be many of these sitting tenants left alive. Any buyer can only hope that the tenant leaves of his own accord/goes into a long term care home/dies very soon and then set about the flat with a view to making a profit.


    Wow , I live & work very close to that flat - sold as the entire basement it might get 300k in good condition.


    I wonder if the 'renovations' are an attempt to get rid of the sitting tenant by making life a little more hellish ?
  • Leven wrote: »
    Do you get the bonus man thrown in with the price? (pic 10)
    http://www.rightmove.co.uk/property-for-sale/property-25470429.html?premiumA=true
    but £275 for a studio flat in that area he aint never gonna move as that is so cheap

    My word. I pay more than that for a room in a shared house in Bristol :(
    Saving for a Deposit of a Deposit £5,000/£10,000
    'Life stuff' that needs paying for before I can start saving again £750/3100 :(
  • Gingernutty
    Gingernutty Posts: 3,769 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    DRP wrote: »
    Wow , I live & work very close to that flat - sold as the entire basement it might get 300k in good condition.


    I wonder if the 'renovations' are an attempt to get rid of the sitting tenant by making life a little more hellish ?

    The tenant may well be of such limited mobility that this arrangement may be perfectly acceptable. After all, they must be very elderly, if not pushing 90.

    They are tough to get rid of though.
    :huh: Don't know what I'm doing, but doing it anyway... :huh:
  • What is it with bars being built in houses.
    Some houses look like you've got the Queen Vic in the corner.

    Will now find some to prove my point!
  • Strapped
    Strapped Posts: 8,158 Forumite
    namecheck wrote: »
    I thought that was rather cheap, even for a basement flat - until I saw the photos.

    Well, it had to happen eventually - a property I know! It's a student let, split into flats. I lived on the second floor about 20 years ago, with a very strange arrangement where I had to go out of the flat, across the landing and back in again to get to the kitchen or bathroom lol! But the rent was cheap. As far as I remember, the landlord lived on the ground floor.

    I'd imagine that the "improvements" might be a ploy to increase the rent (and £295pcm is ridiculously cheap) or to convince a potential buyer that the back two rooms could also become a studio as it has independent access (put a bathroom in the smaller room). Might also be to dissuade any children of the sitting tenant from moving in with them for a couple of years in order to gain succession rights to the tenancy!

    Sounds like a can of worms, but tbh, at that price it could be a good long-term punt if the sitting tenant had already "used up" any succession rights and was reasonably old.
    They deem him their worst enemy who tells them the truth. -- Plato
  • GDB2222
    GDB2222 Posts: 26,287 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Slinky
    Slinky Posts: 11,065 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper

    Classy mirror as a headboard in pic 11!
    Make £2025 in 2025
    Prolific £229.82, Octopoints £4.27, Topcashback £290.85, Tesco Clubcard challenges £60, Misc Sales £321, Airtime £10.
    Total £915.94/£2025 45.2%

    Make £2024 in 2024
    Prolific £907.37, Chase Intt £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus referral reward £50, Octopoints £70.46, Topcashback £112.03, Shopmium referral £3, Iceland bonus £4, Ipsos survey £20, Misc Sales £55.44
    Total £1410/£2024  70%

    Make £2023 in 2023  Total: £2606.33/£2023  128.8%



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