Strategic place to buy property, preparing for a post Brexit world
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  1. #31

    Better than AtW

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    Quote Originally Posted by Bacchus View Post
    Nobody buys "a" property to let for 800k, at least nobody in their right mind... I would be looking at three smaller units for around 250k each with a 50k float for repairs etc.

    If you're looking for a good investment for a home then stick to the nicer areas with some sort feature that keeps them nicer - places like Windsor or Winchester, if you're looking for pure investment stick to places with bouyant rental markets, university towns etc. or maybe holiday towns with reasonably high transit of temp workers. Bournemouth seem to offer a lot of bang and rental return for your buck.

    If you're buying your "forever" house now but want to rent it for a couple of years maybe consider holiday homes. Friend of mine has his gaff on the market for 1.25mil, let's it as an air b'n'b for a grand a time and stays on his yacht. 800k, maybe over two houses, should return around 25-30k each per annum and holiday makers don't generally have enough time to arse up your property.
    It's actually going to be our main home for the next 2 years - and then my only foothold in the Uk.
    I'm actually veering to an area I know and like: Balham. My BTL there didn't have a void for 7 years, so I know there's good demand.
    800K will only get you a flat though (a nice one), although that may better for eventual rental.
    Not that greedy about eventual rental rates, there's no mortgage on it, would prefer to rent it to a friend for less than going rate.
    "The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is."

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  2. #32

    I live on CUK

    vetran is always on top

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    Quote Originally Posted by sasguru View Post
    would prefer to rent it to a friend for less than going rate.
    anyone see a problem with that?
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

  3. #33

    Better than AtW

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    Quote Originally Posted by vetran View Post
    anyone see a problem with that?
    No I don't think anyone does, most people being more intelligent than you
    "The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is."

    Winston Churchill

  4. #34

    Fingers like lightning

    Bacchus has more data than eek


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    Quote Originally Posted by sasguru View Post
    It's actually going to be our main home for the next 2 years - and then my only foothold in the Uk.
    I'm actually veering to an area I know and like: Balham. My BTL there didn't have a void for 7 years, so I know there's good demand.
    800K will only get you a flat though (a nice one), although that may better for eventual rental.
    Not that greedy about eventual rental rates, there's no mortgage on it, would prefer to rent it to a friend for less than going rate.
    Balham/Wandsworth/Lavender Hill all very nice if you're living the city lifestyle and want to spend your evenings in wine-bars with city *******.

    Personally I have found that as I get older I want to move away from all that and have a slightly more genteel existence. Buy a house in the middle of Winchester/Canterbury/Windsor. Great places to eat/drink, commutable if you need to, very rentable, and won't go out of fashion. You'll get a lot more than "a flat albeit a nice one" for your cash too, get yourself a big town house with no garden so you can just lock up and leave if you need to.

  5. #35

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    Quote Originally Posted by Bacchus View Post
    Nobody buys "a" property to let for 800k, at least nobody in their right mind...
    You DID clock who the poster was? Herr Mitty................

  6. #36

    TykeLike

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    Quote Originally Posted by MrMarkyMark View Post
    Nuclear bunker raid finds £1m cannabis farm - BBC News

    Good for a Plan B
    “Live a good life. If there are gods and they are just, then they will not care how devout you have been, but will welcome you based on the virtues you have lived by. If there are gods, but unjust, then you should not want to worship them. If there are no gods, then you will be gone, but will have lived a noble life that will live on in the memories of your loved ones.”

    ― Marcus Aurelius

  7. #37

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    Quote Originally Posted by SimonMac View Post
    Wow that was a big set up, someone must have turned them in.

    I would fight to have one of the licenses post a change in the law though.
    A license to print money

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