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Property for sale

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Author Topic: Property for sale  (Read 330 times)
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 »
Global Moderator
Hero Member
Posts: 3664

I like lots of things

« Reply #1 on: September 22, 2020, 04:46:20 PM »

There's no price here?
Global Moderator
Sr. Member
Posts: 481

I like poetry

« Reply #2 on: September 22, 2020, 05:05:05 PM »

There's no price here?

Maybe we just have to take it in turns to guess, and whoever gets closest wins. Zoopla Hoopla!
Newbie
Posts: 4

I like property

« Reply #3 on: September 23, 2020, 01:10:48 PM »

610k

Rental capacity circa 2250 to 2500 / month
Global Moderator
Hero Member
Posts: 3664

I like lots of things

« 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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