Reply to: New Tenants

[scooterscot]

Oxford is going mental at the moment. Looking to buy there and found a nice 3-bed terrace with decent garden in quiet road backing onto canal with nice views over allotments, just 3 mins walk from station. £395k. Bit too much for a 3-bed, but I bet it will be sold in a week.

Ma 2 bed in Edinburger cost almost the same.

[SandyDown]

Hmm i'm surprised.

I would have though Oxford would be doing well for the BTL crowd with the very high student population. Have Brookes built more halls of residence?

They are doing well - only my friend thinks that the market has peaked he thinks his properties are not going to double price again in the next year or so - so he's taking the cash and putting it in another business, he's got loads of companies and businesses (very dodgy )

[Ardesco]

Hmm i'm surprised.

I would have though Oxford would be doing well for the BTL crowd with the very high student population. Have Brookes built more halls of residence?

[bogeyman]

Actually there is a flood of houses on the market now in Oxford - I know the area you talking about is it the Botley side of Said Business School? is it close to Sojo/Balckwells?
A couple of people I know bought slightly further (Hinsky - border of Oxford/Cumnor) its a lot more suberbia there and I think its quite nice - as for me I live the posh side of oxford but if I have to move then Hinsky area looks good and you can get more for your money.

MInd you the value of the house you are getting is that its central

Yep, you're spot on.

If I buy anything, it's going to have to be central. 10 mins on foot to Cornmarket/Broad St. max. Hell of a premium for it, but I'm one extreme or the other - way out in the sticks or city centre - don't do suburbia.

[SandyDown]

Oxford is going mental at the moment. Looking to buy there and found a nice 3-bed terrace with decent garden in quiet road backing onto canal with nice views over allotments, just 3 mins walk from station. £395k. Bit too much for a 3-bed, but I bet it will be sold in a week.

Actually there is a flood of houses on the market now in Oxford - I know the area you talking about is it the Botley side of Said Business School? is it close to Sojo/Balckwells?
A couple of people I know bought slightly further (Hinsky - border of Oxford/Cumnor) its a lot more suberbia there and I think its quite nice - as for me I live the posh side of oxford but if I have to move then Hinsky area looks good and you can get more for your money.

MInd you the value of the house you are getting is that its central

[shoes]

I thought the boy had done well and then I read your post. Bit negative, aren't you?

I'm just reading between the lines! It was quite a boastful post but had 'missed opportunities' written all over it in my opinion.

A little bit of effort in maximising your returns early on goes a long way.

[bogeyman]

Friend of mine who has a few properties in London an Oxford just put all his properties on the market -


"Its a Sign" --- Meg Ryan, Sleepless in Seatle

Oxford is going mental at the moment. Looking to buy there and found a nice 3-bed terrace with decent garden in quiet road backing onto canal with nice views over allotments, just 3 mins walk from station. £395k. Bit too much for a 3-bed, but I bet it will be sold in a week.

[DimPrawn]

Bag-o-pus will be along shortly to tell you to drop the rents and to sell up before it's too late.

[SandyDown]

Friend of mine who has a few properties in London an Oxford just put all his properties on the market -


"Its a Sign" --- Meg Ryan, Sleepless in Seatle

[Xenophon]

Just think of all the money you lost by not raising the rent in line with the market whilst your previous tenants were in. No wonder they stayed so long.

Also maybe the new tenants are getting too good a deal as well, since it wasn't on the market five minutes.

I thought the boy had done well and then I read your post. Bit negative, aren't you?

[bogeyman]

Tenants moved out last Thursday, been there for the past 5 years, had a vewing last Friday, new tenants move in next week, and are paying an extra £150 per month, plus it will be managed by the chap who looks after the other lot, so I'm also paying 3% less on fees each month!!!
Hows that !!

Well done! Where's your rental property?

My managing agents have been telling me not to increase rents on tenancy renewals as the market is 'fragile' - I suspect they are full of it and don't want to do any work.

[shoes]

Tenants moved out last Thursday, been there for the past 5 years, had a vewing last Friday, new tenants move in next week, and are paying an extra £150 per month

Just think of all the money you lost by not raising the rent in line with the market whilst your previous tenants were in. No wonder they stayed so long.

Also maybe the new tenants are getting too good a deal as well, since it wasn't on the market five minutes.

Hows that !!

[alreadypacked]

[size=2]Tenants moved out last Thursday, been there for the past 5 years:

Well did you have to get the paint brushes out?

[n5gooner]

What a shame you got a GF

LOL !!

[SandyDown]

Tenants moved out last Thursday, been there for the past 5 years, had a vewing last Friday, new tenants move in next week, and are paying an extra £150 per month, plus it will be managed by the chap who looks after the other lot, so I'm also paying 3% less on fees each month!!!
Hows that !!

What a shame you got a GF