Debate House Prices


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High yielding HMO's

This ones been offered at the last couple of Auctions and still hasn't sold.

http://www.cliveemson.co.uk/listing_view.asp?Lot=134&Auc=125

I'm half tempted to put in an offer at £200,000 ;) The trouble is I know the kind of Tenants that probably live there :eek: and I'd rather prefer to continue my hassle free life. Anyone interested? Could be a nice little earner :rolleyes:

Comments

  • BobProperty
    BobProperty Posts: 3,245 Forumite
    1,000 Posts Combo Breaker
    One big factor could be what the LHA is going to be in the area. Otherwise I wouldn't want to pay over £250k for it, even in a reasonable market. Maybe we will see a return to sensible rental / value percentages.
    A house isn't a home without a cat.
    Those are my principles. If you don't like them, I have others.
    I have writer's block - I can't begin to tell you about it.
    You told me again you preferred handsome men but for me you would make an exception.
    It's a recession when your neighbour loses his job; it's a depression when you lose yours.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Where I lived, my neighbour had about 24, including 2-3 in his shed. All foreigners paying £50/week each. 4-6 to a room in bunkbeds.

    Had an illegal loft too. Stuffed full. When the firemen came round, some would be turfed out immediately... give it 2 days and they were back.

    Then the HMO rules came out... and he sold the house.

    And actually, they weren't a bad bunch. House was reasonably run too.
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