Ideal for investors or first time buyers?

Cakeguts

Now this I don't understand.

http://www.rightmove.co.uk/property-for-sale/property-64004557.html This says first time buyers or investors.

http://www.rightmove.co.uk/property-for-sale/property-51772470.html This isn't being marketed to 1st time buyers.

I don't understand why the second one isn't being marketed to 1st time buyers. Is it because it is not going to get a mortgage or is it because 1st time buyers in that area won't buy a property there?

Out,_Vile_Jelly

I read the second one as already having a tenant and therefore being marketed specifically at BTL buyers.

Also you can't read too much into the blurb on property ads, bearing in mind the literacy skills and academic background of your average estate agent.

westernpromise

The second one is not a bad house at all, but I'd be ashamed to offer it for let in that condition. Imagine being a child growing up in a horrid hole like that.

It needs everything doing to it - new kitchen, new bathroom, new floors, new doors, new lighting, total repaint, get some curtains or blinds on the windows and the fence needs repairing and the garden wants relaying. There's at least £30,000 of work required, not including the boiler.

Those would tend to make it uninteresting to an FTB. It may also be unmortgageable as it's so horrible you question whether it's really habitable.

Malthusian

westernpromise wrote: »

Imagine being a child growing up in a horrid hole like that.

Are you referring to the house or Rochdale?

You said in the "23 back from travelling" thread that no-one oop North has £500 to hand, let alone £30,000, so I can only assume you don't expect anyone to actually do all that work on it.

westernpromise

If they stopped smerking 20 tabs a deh for 7 weeks, they could rustle up £500, but that's a big ask in Rochdale, where there's nothing to do but smoke, drink, fight and burgle.