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Tenanted Properties For Sale

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Is there a website or any way of searching for residential properties for sale already with tenants?

Have seen the occasional one come up on rightmove but no way of searching for them.

Comments

  • theartfullodger
    theartfullodger Posts: 15,693 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 30 March 2022 at 8:28PM
    Not the answer you are looking for but....

    You are aware buying properties with tenants can be a minefield, result in new owner being unable to increase rent much or evict??

    There are crooks and cheats flogging such things allegedly at "below market value", ripping off punters.  Have caused real mayhem.


  • BACKTOBACK
    BACKTOBACK Posts: 125 Forumite
    Fifth Anniversary 10 Posts Photogenic
    yeah i am undecided but just researching the possibility at the moment
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 30 March 2022 at 9:00PM
    You will need a BTL mortgage if your going to become a Landlord.
    Great time to start up a new business as a Landlord and build your BTL property empire.
    You need 20/25 % deposit and lots of money for fees, legals and all the other costs associated with preparing a property for Rent.
    If it's a run down hovel in need of a complete Rewire, New " A " rated heating, Insulation, Double glazing etc
    Then you need to move your Tenants out and provide alternative accommodation at your expense while you get their home ready to rent !
    So EICR, EPC of C or better, GSC, Fit for habitation and now the Good Homes Standards ( what ever that will mean )

  • ProDave
    ProDave Posts: 3,785 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Combo Breaker
    You can buy mine in Scotland, EPC C current yield about 5%  Good long term tenant.
  • user1977
    user1977 Posts: 17,772 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    edited 30 March 2022 at 10:55PM
    Lots of them crop up in auctions (additional warning flags there though if you don't know what you're doing!).
  • I sold mine on Rightmove - Tenant in situ and it was gone in a day. Maybe look at the cheaper end properties, 2 or 3 beds or flats or call the agents and ask if they have any, as you might find they have tenants in them, but the landlords are planning to evict them prior to the sale. 
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