3-bed BTL Newcastle, £50k purchase price, rent £800 pcm

[minestrone]

Bought a studio flat in shawlands 8 months ago for 50k currently rent out at 375 a month. Reasonable return. Doubt that £800 is correct. Got a lot of friends from Newcastle, and that doesn't sound right to me.

The 70s ones across from the park?

[d000hg]

Speaks massive volumes what's wrong with the UK housing market that does.

You'd still make a decent profit - but only with the interest rates as they are. All the people who bought pre 0.5% are fine - long-term landlords - but it seems everyone I know owns or wants to own a student let here in Durham since it's a bit of a trapped market. Not sure if the rates rise, if student rates will just go up since they still need somewhere to live, or if all the johnny-come-latelies will be forced to sell up. If they do, the long-term landlords who own entire streets will snap them up. Or just maybe actual people might move back into the city centre, which is almost exclusively students it seems these days.