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How many apartments needed to be a full time landlord
Comments
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need_an_answer wrote: »Didn't the bear live in a big blue house....?
I wonder what the rental yield would be on a big blue house. If it's higher than 2% the OP might want to buy a few.0 -
I worked it out roughly. The yield of N6 London is around 2%. A typical aparment costs £600,000. 2% of 600,000 is £12,000. 12,000 x 85 gets you just over 1million pounds.Totally Money identified the postcode area of NG1, which is in a prime position to house students at Nottingham Trent University, as the area in the country with the biggest potential buy-to-let yields. With average monthly rental yields of £1,525 and an average property price of just £152,000, prospective investors could bag a yield of 11.99% in this postcode area. NG7, which includes the University of Nottingham, also sits in the top five, with a potential yield of 8.89%. The average rent is £1,187 a month, against an average property price of around £160,000.
https://www.which.co.uk/news/2018/12/revealed-the-uks-top-buy-to-let-hotspots/
At £1525 pcm you'd need 54 houses to bring in £1m gross rent pa which would cost you £8.2 million to buy. Which would buy you a 3 bed flat in Battersea Power Station which might rent for £7k a month or just £84k pa.A kind word lasts a minute, a skelped erse is sair for a day.0 -
In that case, I stand corrected. Some further searching suggests it was only shown in one or two ITV regions, so still a relatively obscure reference compared with its resonance in the US.It most certainly was broadcast in the UK as I remember watching it in the 70's. It was one of my favourite programmes, along with Banana Splits.0 -
A couple of things:
- Rental yields vary widely across the country, and London has some of the lowest. If I wanted to make a living as a LL, starting from scratch, I'd be looking at those areas whose yields are 5%+.
- Being a LL is about more than just the figures. There is maintenance on all properties, and tenants to look after. All of this takes time and money.
- Making a living is not about scale, necessarily. A suitable amount to live on could be made from one, right, property. However, that would probably require other funds to be available to live on whilst the one property was on a void (empty).
- Bears make bad tenants IMHO, except in a Bear market.0 -
Or was that the Smurfs?need_an_answer wrote: »Didn't the bear live in a big blue house....?0 -
In that case, I stand corrected. Some further searching suggests it was only shown in one or two ITV regions, so still a relatively obscure reference compared with its resonance in the US.
Back then it would have been Thames/ London Weekend Television. Trying to think of the children's names, but so far I've only come up with Greg, Marsha and Cindy (she was the cute youngest daughter with pigtails) and I think the housekeeper was called Florence. I might have to Wikipedia it now to take a stroll down memory lane.
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In that case, I stand corrected. Some further searching suggests it was only shown in one or two ITV regions, so still a relatively obscure reference compared with its resonance in the US.
It was definitely shown in London, though, so a lot of people will be familiar.
It is, of course, the story of a of a lovely lady, who was bringing up three very lovely girls. All of them had hair of gold, like their mother - the youngest one in curls.Trying to think of the children's names, but so far I've only come up with Greg, Marsha and Cindy...
Peter, Bobby and Jan.0 -
Cornucopia wrote: »It was definitely shown in London, though, so a lot of people will be familiar.
It is, of course, the story of a of a lovely lady, who was bringing up three very lovely girls. All of them had hair of gold, like their mother - the youngest one in curls.
Peter, Bobby and Jan.
Thanks for that! I'm now humming the theme song :T0 -
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