tony13579 Posted 11 February, 2013 Share Posted 11 February, 2013 (edited) I have a 3 bed house to let near Aldermoor shops ready April 2 double bedrooms, 1 single Very short walk to the general Onstreet parking , no restrictions It is undergoing a full refit including new kitchen diner Full rewire new combi/condensing boiler 50mm wall insulation,200mm roof insulation new floorings It has an enclosed rear garden and shed condition will be A1 , bathroom is miniscule! £775 pcm If I dont involve an agent It would suite a family or being shared by hospital workers. I need a plasterer to smooth all the artex I also need a gas safe fitter to change the boiler remove the tank. Edited 11 February, 2013 by tony13579 Link to comment Share on other sites More sharing options...
Baj Posted 12 February, 2013 Share Posted 12 February, 2013 My missus works at the general, I'll ask her if there's somewhere she put this info up, like a notice board... but I'll need contact info, do you want to PM me your mobile or something? email? Link to comment Share on other sites More sharing options...
sotonjoe Posted 14 February, 2013 Share Posted 14 February, 2013 Seems pricey for a house in such a scummy area. Link to comment Share on other sites More sharing options...
Jonnyboy Posted 14 February, 2013 Share Posted 14 February, 2013 Nice mark up! Link to comment Share on other sites More sharing options...
tony13579 Posted 15 February, 2013 Author Share Posted 15 February, 2013 Sorry, The house is no longer available. Purchase was Gazumped...after survey Grr SotonJoe.... It would be the cheapest 3 bed house to let within 1/2 mile of The General acording to right move... Link to comment Share on other sites More sharing options...
Bearsy Posted 15 February, 2013 Share Posted 15 February, 2013 hi i have a 3-bed house to rent near the general for £775 pcm. I've only just bought it. Send me pm for infos. Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 15 February, 2013 Share Posted 15 February, 2013 Bear, don't mess around on saints bay, angry Jeff will be along in a minute to give another 80's put down, like "get a life" or "bless". Link to comment Share on other sites More sharing options...
Bearsy Posted 15 February, 2013 Share Posted 15 February, 2013 ok sorry tokyos sorry everyone Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 15 February, 2013 Share Posted 15 February, 2013 ok sorry tokyos sorry everyone Get a life! Link to comment Share on other sites More sharing options...
Bearsy Posted 15 February, 2013 Share Posted 15 February, 2013 sigh^ Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 15 February, 2013 Share Posted 15 February, 2013 Bearsy trying to be funny - bless. Link to comment Share on other sites More sharing options...
dickyhale Posted 16 February, 2013 Share Posted 16 February, 2013 Seems pricey for a house in such a scummy area. Have two house near the hospital (one Warren Av the other Stoke Rd and both rented out for £795 what is is the going rate for this scummy area) Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 17 February, 2013 Share Posted 17 February, 2013 Nice margin on that? Link to comment Share on other sites More sharing options...
tony13579 Posted 17 February, 2013 Author Share Posted 17 February, 2013 (edited) Your forgiven Bearsy, That's the second time Austin Wyatt have crossed me. What they did was possibly criminal. I strongly recommend people avoid them. They accepted more than one offer. But failed to put the accepted offers to the solicitors to proceed. 14 days later after surveys etc we find out the agent is lying to the vendor and me because I wasn't getting a mortgage via them. Edited 17 February, 2013 by tony13579 Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 17 February, 2013 Share Posted 17 February, 2013 Estate agents are the scum of the earth, they really are. When I am king they'll be first against the wall. The problem is, there are to my knowledge no goods ones out there and get corner the market. Link to comment Share on other sites More sharing options...
tony13579 Posted 17 February, 2013 Author Share Posted 17 February, 2013 Countrywide also own most of them round here. Mann and co, Austin Wyatt, Moris dibben to name a few. I found an advertising agency to sell my last house. I had a full ad on right moved for about £350. They got shut down. There is something particularly wrong going on in the AW Shirley branch. The father in law tried to sell his house. They over priced it and then sent round shifty people offering 75% of the value and 10% in 2 years time. We sacked them. Link to comment Share on other sites More sharing options...
tony13579 Posted 17 February, 2013 Author Share Posted 17 February, 2013 Nice margin on that? Much better than 2.1% you can get on instant access building society accounts. If you have cash to invest you could earn 6-8% if you can find the right house If you are borrowing the money it will cost you 4% after the survey and scam £2000 arrangement fees So your profit is unlikely to be much more than 2-4% The profit is in houses of multiple occupation, houses where you can increase the capital value as well as get a good rent. Turning one cheap house into two flats. HMO's and naff flats come with lots of tenant changes and more hassle. I would rather find solid cheap houses. Fix them up warm, safe, basic but nice and let them to better tenants. Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 17 February, 2013 Share Posted 17 February, 2013 I was joking Tony, it's was a wind up for road rage Jeff. However, the info was interesting. I am a director of a student accommodation agency in London and are looking to expand. We are either going to buy our own place and rent it out as a kind of HMO (kind of as we want to avoid as many regs as possible, different London councils have different rules re: number of beds etc) or we are going to expand our current operation and be a portal for landlords and students or both. We currently operate as an agent (not one of the against the wall ones - a decent one for 'homestays') so expanding this to private landlords would not be such a huge leap. Those percentages don't seem great though, however I guess the money is made in capital gains? Link to comment Share on other sites More sharing options...
tony13579 Posted 17 February, 2013 Author Share Posted 17 February, 2013 (edited) The figures look like 10% yield. Then you have to get gas and electrical safety certs. Building insurance Pay an agent. Travel about to find properties.pay for surveys, solicitors. Do a little maintenance. Then there are rent voids between lets. With flats there are service charges, lease costs. It looks like you can get 2% interest rates but you have to include those "booking fees" And the 2% rate only lasts 2 years. Then it returns to 5%. So £120k costs £2400 interest per year +£1999 booking fee+ £350 survey=£7150 over 2 years So 2 years income could be as little as £3.5k per property. If you are on 40% tax that's a fair amount of risk and work for £2,030 take home pay I personally plan to invest cash, pay little tax. You can of course write of some genuine costs against tax. Interest, Broadband, iPhones iPads , tools, travel. Edited 17 February, 2013 by tony13579 Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 17 February, 2013 Share Posted 17 February, 2013 Already do all of that were possible. Seems like being a portal between landlords and students is the best end of the market for me to be in. The long term capital gains are apealing though. Link to comment Share on other sites More sharing options...
Jeff Le Taxi Posted 17 February, 2013 Share Posted 17 February, 2013 I was joking Tony, it's was a wind up for road rage Jeff. However, the info was interesting. I am a director of a student accommodation agency in London and are looking to expand. We are either going to buy our own place and rent it out as a kind of HMO (kind of as we want to avoid as many regs as possible, different London councils have different rules re: number of beds etc) or we are going to expand our current operation and be a portal for landlords and students or both. We currently operate as an agent (not one of the against the wall ones - a decent one for 'homestays') so expanding this to private landlords would not be such a huge leap. Those percentages don't seem great though, however I guess the money is made in capital gains? Road rage Jeff? Hmmmm let me see..a taxi driver who gets road rage?.... not really thought this one through have you Tokyo? Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 17 February, 2013 Share Posted 17 February, 2013 (edited) Hi Jeff Glad you could make it. Me and bear were putting each other down using your 80's style put downs i.e. get a life etc. The problem is we have kind of run out with 'bless'. Can you give me another one so I can diss that dumb bear? He thinks he is some kind of cyber comedian, bless. Cheers Edited 17 February, 2013 by Tokyo-Saint Link to comment Share on other sites More sharing options...
Bearsy Posted 18 February, 2013 Share Posted 18 February, 2013 Road rage Jeff? Hmmmm let me see..a taxi driver who gets road rage?.... not really thought this one through have you Tokyo? dumb tokyos! Bless! Is taxi drivers doing rapes as common as it seems Jeff? My gf had experience Sat night, and also i was thinking of that taxi driver in london with the roofie champagne. Also that one who murdered all them prostitutes in Ipswich. Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 21 February, 2013 Share Posted 21 February, 2013 Don't you hate it when you are talking to a taxi driver and then suddenly the talking stops? Sometimes this is because I have fallen asleep. When I woke up before I was all like "oh sorry about that mate, here's a 50p tip" and they were usually well happy with it but now bear has got me wondering if me falling asleep was more to do with the roofies and they are the ones that should be giving me a tip. Link to comment Share on other sites More sharing options...
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