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We have now officially moved into our bungalow, although the sale has not yet completed on our house. In the unlikely event that it does not complete, we'll with put it into an auction or rent it out.
So I think this thread is now finished unless anyone else wants to add anything.
Thanks for all the discussion.
(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
We have decided not to buy a holiday home, we wouldn't use it enough. Instead we have gone back to Plan A, which was to buy an apartment to rent out, and indeed today have made an offer on this one:
Www.rightmove.co.uk/property-for-sale/property-33096588.html(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
Looks an ideal BTL SDW, here's hoping :T.A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort Mortgage Balance = £0
"Do what others won't early in life so you can do what others can't later in life"0
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Just heard.... our offer has been accepted! AGH!!(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
Gah - that's the problem with making offers on houses and applying for jobs - sometimes you get them :rotfl:. Good newsseven-day-weekend wrote: »Just heard.... our offer has been accepted! AGH!!
. A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort Mortgage Balance = £0
"Do what others won't early in life so you can do what others can't later in life"0 -
seven-day-weekend wrote: »Just heard.... our offer has been accepted! AGH!!
Welcome to the wonderful world of landlords. The flat looks very nice. Are rental returns good in the area?Sell £1500
2831.00/£15000 -
Welcome to the wonderful world of landlords. The flat looks very nice. Are rental returns good in the area?
Yes, I can't work percentages lout, but we are happy with what wee shall get.
This is a new development on the old Goodyear site, very accessible to motorways M6, M5 and M54 and also on a good bus route into the city centre and then the railway station.
The flats we are getting is two years old, but it's owner has only lived in it for six months as he has moved in with his girlfriend. He put the flat for sale at a higher price for ages and got no viewings, however since he has reduced it after an independent valuation, he has had people queuing up.
It's a nice flats with two good bedrooms and an ensuite, so it would suit either a single person, a couple, or two friends sharing.
Ho well, another adventure coming up!(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
Welcome to the wonderful world of landlords. The flat looks very nice. Are rental returns good in the area?
Yes, I can't work percentages out, but we are happy with what wee shall get.
This is a new development on the old Goodyear site, very accessible to motorways M6, M5 and M54 and also on a good bus route into the city centre and then the railway station.
There is a Lidl and a Hungry Horse pub on the site.
The flats we are getting is two years old, but it's owner has only lived in it for six months as he has moved in with his girlfriend. He put the flat for sale at a higher price for ages and got no viewings, however since he has reduced it after an independent valuation, he has had people queuing up.
It's a nice flats with two good bedrooms and an ensuite, so it would suit either a single person, a couple, or two friends sharing.
Ho well, another adventure coming up!(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
On the assumption you paid just below the asking price, and get £550 a month which seems about right, you're looking at a gross yield of +7.5% which is great :T and hopefully running costs won't be high as it's so new. What are the monthly service charges like as that could affect it quite a bit?seven-day-weekend wrote: »Yes, I can't work percentages lout, but we are happy with what wee shall get.A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort Mortgage Balance = £0
"Do what others won't early in life so you can do what others can't later in life"0 -
seven-day-weekend wrote: »We have decided not to buy a holiday home, we wouldn't use it enough. Instead we have gone back to Plan A, which was to buy an apartment to rent out, and indeed today have made an offer on this one:
Www.rightmove.co.uk/property-for-sale/property-33096588.html
That sounds better. I did wonder how much use you'd get out of it, what with the housesitting and all.
Well done.0
This discussion has been closed.
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