Mr Bim of Bar
Well-Known Member
5.2 per cent gross yield. Kanda's flat offers at least 7 per cent. Let for more than £1,000 a month, then more than 7 per cent!
5.2 per cent gross yield. Kanda's flat offers at least 7 per cent. Let for more than £1,000 a month, then more than 7 per cent!
Ok sorry, that's cool, just getting to grips with thisA tip Mr Bim of Bar either quote the post ur replying to or put poster name in Mr Bim of Bar. Put @ then user name to do this. This means one does not miss reply to what one said. Also it can stop confusion about who ur referring to.
5.2 per cent gross yield. Kanda's flat offers at least 7 per cent. Let for more than £1,000 a month, then more than 7 per cent!
Is it?Which is way out of whack for the area.
I really don't think it's way out of wack, things will only get betterIs it?
I really don't think it's way out of wack, things will only get better
I really don't think it's way out of wack, things will only get better
If you make an investment surely you would hope it would grow.Better for who? The landlord or tenant?
Yes but these apartments come with a five year warranty so you will be vitually maintenance free and no grief from your tenants
I was wondering what he meant when he said this......I thought you were buying a home, not an 'investment'?
Yes but these apartments come with a five year warranty so you will be vitually maintenance free and no grief from your tenants
Lol lol lol just meant it would be great for tenants to have no problems with leaking taps etc etc etc but take you point and it made me smilebastard tenants, expecting maintenance and stuff. blah blah blah the toilets broke blah blah blah door won't close. always the fucking same. plebs.
Hey it's firstly a home but if I can make money on it I am Not adverse to that.I thought you were buying a home, not an 'investment'?
Here hereSeems like roughly what I'd expect for a two bed flat in central Brixton.
Thanks for clearing that up, it was probably just your wording that confused usLol lol lol just meant it would be great for tenants to have no problems with leaking taps etc etc etc but take you point and it made me smile
E2a I can't help wondering if the "of Bar..." bit betrays a connection, a bit of assymmetrical marketing strategy mebbeMr Bim of Bar said:
Yes but these apartments come with a five year warranty so you will be vitually maintenance free and no grief FROM your tenants
Looks like I am in the dog house before I even move in, did not mean to offend anyone, think I had better keep my mouth shut as I am not allowed to voice my opinion.
Yes Belushi, but I WANT NEW, as I said before it ticks all my boxes...
oh just in case anyone is Interested the projected rental on a two bed apartment is £360 a week
kanda you can't stop market forces without a revolution
Yes but these apartments come with a five year warranty so you will be vitually maintenance free and no grief from your tenants
Yes, this. You always, always have to look for the other guy's angle. If Barratt are acting as developer, land agent, estate agent, letting advisor, investment manager, insurance provider and god knows what else in between, that is a hell of a lot of margin they must be making. So how are they making their margin....? By putting lipstick on any pigs they can find and selling it as a feature. Doesn't necessarily mean you shouldn't't buy a new build from a developer, but you need to have a really clear view on what you are buying and what you're being soldBuilding warranties are bunkum, for the most part, and the developers will begrudge every single penny they have to shell out for fault correction.
Yes, this. You always, always have to look for the other guy's angle. If Barratt are acting as developer, land agent, estate agent, letting advisor, investment manager, insurance provider and god knows what else in between, that is a hell of a lot of margin they must be making. So how are they making their margin....? By putting lipstick on any pigs they can find and selling it as a feature. Doesn't necessarily mean you shouldn't't buy a new build from a developer, but you need to have a really clear view on what you are buying and what you're being sold
Agree- but people don't because they have a glossy brochure that tells them it'll all be fine. I have no issue with new builds per se- though they don't appeal to me particularly- but I am always amazed at the stuff people then find is wrong with them- some is preventable, some solvable, some I wouldn't buy a place because of. And the developers are clever- eg Chelsea wharf had a rat infestation, loads of residents called rentokil and similar rather than wait for the official response, so the developers said it was no longer a development issue. And they use reduced size furniture in the show homes- you have no comeback when yours doesn't fit... The finish in the show homes are often not what you get when you buy as the small print says something different, they can build another block pretty much up against your windows (see again Chelsea wharf) etc etc. as I have said elsewhere, you need to know who you are doing business with- the developers do this all day every day so are pretty sharp cookies.... Yet people know nothing about property drink the mediocre wine, take the brochure and feel 'safe'. Clever game of smoke and mirrors....And, if at all possible, get a passing familiarity with the techniques and materials used in the build. That way it makes it easier to spot howlers like skimped drainage pipes that'll cause a damp problem and too-wide expansion joints that'll let the elements in.
Of course you can. Market forces aren't some external, unstoppable mystical force, they're artifacts of, in this case, market manipulation and a chronic undersupply of housing. A chronic undersupply that the coalition's housing benefit cap may well have an adverse effect on by shifting people who can't afford local prices outward toward the suburbs, easing supply in this area.
Make life terribly hard for buy-to-let landlords, that would.
Still, as the great Windsor Davies, says: "Oh dear, how sad, never mind!".
Ok sorry, that's cool, just getting to grips with this
Please don't. I know it's a cliche for comedic purposes but phrases like that contribute to and perpetuate a negative view of women.Ooh, get her with her melodramatics!
Benefit caps/ low wages could lead to the situation where people move out of London altogether.
Do not think the Coalition have thought about all the cleaners, waitresses etc etc who keep London going for them as cheap labour.
I'm afraid you've been "blinded by the shining light of your own self-righteousness".Please don't. I know it's a cliche for comedic purposes but phrases like that contribute to and perpetuate a negative view of women.