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Property for sale

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Author Topic: Property for sale  (Read 485 times)

Mcrawford

Newbie
Posts: 4

I like property
« on: September 22, 2020, 02:38:17 PM »
My property is for sale and with the ground floor annex (potential!) I thought it may be of interest to a Landlord wishing to increase their port folio.

3/4 bed detached property
2 bathrooms
3 reception roomsb
breakfast room (conservatory) off kitchen to rear
easy to maintain front and rear gardens
parking for up to 6 cars on gravel drive
opposite a greenfield coservation area (to front)
close to shops (to rear, 7 minute walk)
7 min walk to railway station with access to London in 45 mins

Post Code RH11

£610k
« Last Edit: September 23, 2020, 01:10:13 PM by Mcrawford »

Hippogriff

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Posts: 3950

I like lots of things
« Reply #1 on: September 22, 2020, 04:46:20 PM »
There's no price here?

Simon Pambin

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Posts: 529

I like poetry
« Reply #2 on: September 22, 2020, 05:05:05 PM »
Quote from: Hippogriff on September 22, 2020, 04:46:20 PM
There's no price here?

Maybe we just have to take it in turns to guess, and whoever gets closest wins. Zoopla Hoopla!

Mcrawford

Newbie
Posts: 4

I like property
« Reply #3 on: September 23, 2020, 01:10:48 PM »
£610k

Rental capacity circa 2250 to 2500 / month

Hippogriff

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« Reply #4 on: September 23, 2020, 01:33:20 PM »
That would equate to a very low gross yield.

If purchased for, say, £600,000... would you be willing to pay, say, £33,000 in rent up front (that being £2,750 per month) to at least get over 5%? What wiggle-room really exists? A nice 6% would be better, of course... we know that. But that would be £550,000 at £2,750. It's possible you are aiming too high with this... but good luck.
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