Reply to: Strategic place to buy property, preparing for a post Brexit world

[MrMarkyMark]

Nuclear bunker raid finds £1m cannabis farm - BBC News

Good for a Plan B

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

[SimonMac]

Nuclear bunker raid finds £1m cannabis farm - BBC News

Good for a Plan B

[shaunbhoy]

Nobody buys "a" property to let for 800k, at least nobody in their right mind...

You DID clock who the poster was? Herr Mitty................

[Bacchus]

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.

[sasguru]

anyone see a problem with that?

No I don't think anyone does, most people being more intelligent than you

[vetran]

would prefer to rent it to a friend for less than going rate.

anyone see a problem with that?

[sasguru]

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.

[Bacchus]

Assuming the worst (say, a 9% fall in GDP) what would the best place to buy property to let in the UK be?

I was thinking Bishops Stortford - pleasant market town with good schools, close to the City, close to Cambridge, close to Stansted (hence 3 possible centres of differing types of employment).

Any other suggestions?

Sadly my budget is only about 800K, the difference being added to my fighting fund ....

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.

[The_Equalizer]

Newry is only 60 minutes by train into Dublin, assuming no border checks.

That's 60 minutes too close. Have you ever been to Newry?

[vetran]

Sadly my budget is only about 800K, the difference being added to my fighting fund ....

3 Bed semi in Sluff it is then.

[sasguru]

Since it's all a fantasy in your sad little head

You still shagging loads of birds and earning 600 a day doing Bob work while coining thousands from the stock market?

8 bed detached house for sale in Woodrow, Hatton Hill, Windlesham GU20 - 40724542 - Zoopla

Nice area, good transport links to London.

Sadly my budget is only about 800K, the difference being added to my fighting fund ....

[WTFH]

Since it's all a fantasy in your sad little head, I will suggest you move here:

8 bed detached house for sale in Woodrow, Hatton Hill, Windlesham GU20 - 40724542 - Zoopla

Nice area, good transport links to London.

It's only dropped £4million in a year.

[WTFH]

Newry is only 60 minutes by train into Dublin, assuming no border checks.

And this is only about 60 minutes from Newry:

It looks a lot better since they gave it a lick of paint. It used to be grey.

[greenlake]

Any other suggestions?

[DimPrawn]

Assuming the worst (say, a 9% fall in GDP) what would the best place to buy property to let in the UK be?

I was thinking Bishops Stortford - pleasant market town with good schools, close to the City, close to Cambridge, close to Stansted (hence 3 possible centres of differing types of employment).

Any other suggestions?

Since it's all a fantasy in your sad little head, I will suggest you move here:

8 bed detached house for sale in Woodrow, Hatton Hill, Windlesham GU20 - 40724542 - Zoopla

Nice area, good transport links to London.