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buying up north?

peter1000
peter1000 Posts: 74 Forumite
in House buying, renting & selling
Anybody bought property in the north west,st helens area??I have about 70k to invest which is in isas,I have been looking at property online in this area and you get alot more for your money than in medway kent where i live.I know rents are lower but just looking for feed back on what you would do in my shoes.
:question::question:
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Comments

  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    I'd research the rental market in the St Helen's area whilst doing some research into what being a LL means, join a LL association and possibly sign up to a course whilst I'm at it.
  • EverGreen_2
    EverGreen_2 Posts: 185 Forumite
    peter1000 wrote: »
    Anybody bought property in the north west,st helens area??I have about 70k to invest which is in isas,I have been looking at property online in this area and you get alot more for your money than in medway kent where i live.I know rents are lower but just looking for feed back on what you would do in my shoes.
    :question::question:
    I know St Helens very well. My friends live there and I had got my own house in Rainhill (very close to St H). It is not as cheap as you think. Houses around St H can go above the million. In St H itself houses are up to 900k. So what are you planning to buy with the 70k and what are your expectations?
  • agentk
    agentk Posts: 187 Forumite
    Eighth Anniversary Combo Breaker
    St Helens as most places has desirable areas and the not so. If you mean 70k is youre budget its in the.
    3.55kw 2 systems 2.3 se 1.25 sw installed may 2011 and oct 2011..

    I have never been mis sold anything but i have bought a few things i didnt need!
  • MisterB1959
    MisterB1959 Posts: 158 Forumite
    i am surmising that you have done your research, otherwise st Helens seems a random location?


    with 70k you could buy two btl's around north Essex (30k deposits) and make a reasonable return, and they would only be 90 mins away?
  • agentk
    agentk Posts: 187 Forumite
    Eighth Anniversary Combo Breaker
    https://www.youtube.com/watch?v=BPpCs04hIRc
    3.55kw 2 systems 2.3 se 1.25 sw installed may 2011 and oct 2011..

    I have never been mis sold anything but i have bought a few things i didnt need!
  • prosaver
    prosaver Posts: 7,026 Forumite
    Part of the Furniture Combo Breaker
    Being a landlord is a nightmare you can make the same leaving it in a bank
    “Life isn't about finding yourself. Life is about creating yourself.”
    ― George Bernard Shaw
  • prosaver
    prosaver Posts: 7,026 Forumite
    Part of the Furniture Combo Breaker
    http://www.propertyinvestmentproject.co.uk/blog/become-landlord/
    Read this (lot off bad language though)
    “Life isn't about finding yourself. Life is about creating yourself.”
    ― George Bernard Shaw
  • prosaver
    prosaver Posts: 7,026 Forumite
    Part of the Furniture Combo Breaker
    You can get 5 per cent a year ..plus no risk ... and sit back
    “Life isn't about finding yourself. Life is about creating yourself.”
    ― George Bernard Shaw
  • shopbot
    shopbot Posts: 1,022 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    prosaver wrote: »
    You can get 5 per cent a year ..plus no risk ... and sit back

    I've no experience in this area so a quick couple of questions..is that 5% from rental income only? Or does that include increase in property value (if the market is going up?)

    SB
  • shopbot
    shopbot Posts: 1,022 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    prosaver wrote: »
    Being a landlord is a nightmare you can make the same leaving it in a bank

    Do you not potentially make a lot more from the increase in the properties value (market conditions permitting?)

    SB
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