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Why are these flats 40% up in a year?

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Comments

  • mubeye
    mubeye Posts: 120 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    Yeah, pesky unesco! I just paid 5 quid for 2 hours on the outskirts
  • Polaris49
    Polaris49 Posts: 30 Forumite
    Seventh Anniversary 10 Posts Combo Breaker
    rightmove.co.uk/house-prices/detailMatching.htmlprop=38895532&sale=53800565&country=england

    Doesn't look like the've actually done much too it tbh, better photography perhaps cost the extra £80k ;)
  • ManuelG
    ManuelG Posts: 679 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    mubeye wrote: »
    I'm also considering (for various reasons)

    Brighton
    Clifton
    Woolacombe
    Rugby (cheap and 50 mins to euston)
    Clapton / Stokey
    Castlefield, Chorlton

    This is a kind of eclectic mix!
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    kinger101 wrote: »

    All I know is I'm glad I don't live somewhere shoe boxes cost £300K.

    To be fair, it's not really a shoe box. It's nearly 600 sq feet and the rooms are a fair size - and there's that spot of outside space (where you wouldn't dare drink alcohol as that looks like a heck of a drop) ... but it's somewhere to sit and have a coffee while your knickers are drying on the whirlygig washing line.
  • Barter
    Barter Posts: 593 Forumite
    Part of the Furniture 500 Posts
    When we were enquiring about buying a flat in Bath, with the idea of letting it out when we weren't using it, we were told that, unless it had a separate entrance, for its sole use, it was unlikely that we could do that. Most, if not all, places with shared entrances/hallways (this one seems to have stairs down to access it from a ground-floor front entrance) would have restrictions prohibiting such short-term rentals. So that's something that may need checking before you go too far... Presume, if it's true, that this would apply in most places; not just Bath!
  • mubeye
    mubeye Posts: 120 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    Barter wrote: »
    When we were enquiring about buying a flat in Bath, with the idea of letting it out when we weren't using it, we were told that, unless it had a separate entrance, for its sole use, it was unlikely that we could do that. Most, if not all, places with shared entrances/hallways (this one seems to have stairs down to access it from a ground-floor front entrance) would have restrictions prohibiting such short-term rentals. So that's something that may need checking before you go too far... Presume, if it's true, that this would apply in most places; not just Bath!

    If you want to get technical I think most variations of airbnb are illegal according to some law or other, but it is still ubiquitous.I think Uber is probably illegal too...
  • Barter
    Barter Posts: 593 Forumite
    Part of the Furniture 500 Posts
    mubeye wrote: »
    If you want to get technical I think most variations of airbnb are illegal according to some law or other, but it is still ubiquitous.I think Uber is probably illegal too...

    No skin off my nose, but if your communal entrance-sharing neighbours don't like a ever-changing troupe of unknowns going in & out, they could soon kick off.
  • mubeye
    mubeye Posts: 120 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    edited 30 March 2016 at 9:31PM
    Barter wrote: »
    No skin off my nose, but if your communal entrance-sharing neighbours don't like a ever-changing troupe of unknowns going in & out, they could soon kick off.

    Its a fair point. The problem is so rampant in Barcelona they are taking action, and possibly designating tourist only buildings.

    For me though... - and of course it depends a lot on the context, I would consider risking it. I've rented a ton of airbnbs and I am a big fan, so suitability is something I am going to consider in my house hunting.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    mubeye wrote: »
    For me though... - and of course it depends a lot on the context, I would consider risking it. I've rented a ton of airbnbs and I am a big fan, so suitability is something I am going to consider in my house hunting.
    Hmm. I'd have classed buying a property with the intention of doing something that you know to be forbidden - by bylaw or the lease - as quite an unsustainable plan...
  • mubeye
    mubeye Posts: 120 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    edited 30 March 2016 at 9:52PM
    It's not my primary intention just a bonus if it works out.
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