Omega Owners Forum

Please login or register.

Login with username, password and session length
Advanced search  

News:

Search the maintenance guides for answers to 99.999% of Omega questions

Pages: 1 2 [All]   Go Down

Author Topic: north south divide  (Read 3213 times)

0 Members and 1 Guest are viewing this topic.

Andy B

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Bury Lancs
  • Posts: 39446
    • ML350 TDM SmartRoadster
    • View Profile
north south divide
« on: 16 September 2019, 15:43:15 »

I went to Burnley today .... someone has to every now & then  ;)
There was a house for sale further up the road from where I was going so, to be nosey I looked to see how much it was for sale at. The estate agent obviously had other houses for sale and there right at the bottom of the list were 3 houses for a price not even I thought you could buy a house for ....  :o :o :o :o

Logged

STEMO

  • Guest
Re: north south divide
« Reply #1 on: 16 September 2019, 15:47:04 »

One's got sitting tenants, the second is a repossession and the third is the reserve at auction.
Logged

Andy B

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Bury Lancs
  • Posts: 39446
    • ML350 TDM SmartRoadster
    • View Profile
Re: north south divide
« Reply #2 on: 16 September 2019, 15:58:11 »

One's got sitting tenants, the second is a repossession and the third is the reserve at auction.

i know ... but even so. You could almost buy them in your credit card. If you double it you could buy one of these

https://www.bridgfords.co.uk/buy/search/burnley%20(lancashire)/page-5/
Logged

STEMO

  • Guest
Re: north south divide
« Reply #3 on: 16 September 2019, 16:09:19 »

Logged

Field Marshal Dr. Opti

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Utopia
  • Posts: 31563
  • Speaking sense, not Woke PC crap
    • View Profile
Re: north south divide
« Reply #4 on: 16 September 2019, 16:17:05 »

DSS houses so a possible investment provided......they pay the rent (or the DSS does)......they don't trash the place.

I have done this in the past but the hassle outweighs the possible income.
Logged

STEMO

  • Guest
Re: north south divide
« Reply #5 on: 16 September 2019, 16:19:07 »

DSS houses so a possible investment provided......they pay the rent (or the DSS does)......they don't trash the place.

I have done this in the past but the hassle outweighs the possible income.
Especially with the new tax regime for buy to let landlords.
Logged

Field Marshal Dr. Opti

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Utopia
  • Posts: 31563
  • Speaking sense, not Woke PC crap
    • View Profile
Re: north south divide
« Reply #6 on: 16 September 2019, 16:24:58 »

DSS houses so a possible investment provided......they pay the rent (or the DSS does)......they don't trash the place.

I have done this in the past but the hassle outweighs the possible income.
Especially with the new tax regime for buy to let landlords.

Well this was a long time ago but trying to get the rent was a problem......as was damage. :-\
Logged

Viral_Jim

  • Omega Baron
  • *****
  • Offline Offline
  • Gender: Male
  • Telford
  • Posts: 4246
    • Too many, mostly broken
    • View Profile
Re: north south divide
« Reply #7 on: 16 September 2019, 16:40:59 »

It remains so, from what I understand.

For most it doesn't make sense anymore compared to a pension I don't think.
« Last Edit: 16 September 2019, 16:45:31 by jimmy944 »
Logged

Migv6 le Frog Fan

  • Omega Queen
  • *****
  • Offline Offline
  • Gender: Male
  • Webs End.
  • Posts: 11733
  • Nicole's Papa
    • 3.2 Elite. Boxster. C1.
    • View Profile
Re: north south divide
« Reply #8 on: 16 September 2019, 18:17:13 »

And to think my daughter pays over 2 grand a month rent for a one bed flat in central London. Apparently its market value is not far short of a million quid. This morning she notified the landlord she would no longer take her rubbish bins outside  to the area provided, as despite him being warned about the rat infestation outside the building, she actually stood on a firkin great live rat this morning !
More like different planets than a couple of hundred miles part in the same country !
Logged
Women are like an AR35. lovely things, but nobody really understands how they work.

Shackeng

  • Omega Lord
  • *****
  • Offline Offline
  • Gender: Male
  • Ramsbury
  • Posts: 7762
    • 3.2 Elite 2.0 TitX Mondeo
    • View Profile
Re: north south divide
« Reply #9 on: 16 September 2019, 19:40:57 »

When I was into property rentals some years ago, I found that repo's could almost always be bought well under the asking price. Apparently, in those days, once the tenant had failed all attempts to stave off the inevitable, ownership reverted to insurance companies that had insured the banks' loans. Presumably they finished up with no end on their books and were happy to get rid. I bought two about 25% off. Happy days for me, but sad for those who had to move out.
Also, for anyone else considering doing this, the % return buying two up and two down terraced houses was a no brainer compared to more expensive det. properties. :y

I had a good system for 'vetting' prospective tenants, and thus never had an unplanned rent void. I never took DSS tenants, probably illegal now, if not then, and so they were not usually spending 24/7 in the property.
IIRC that tenants now have the DSS rent paid to them now and not direct to the landlord, so another good reason for avoiding DSS. :y
« Last Edit: 16 September 2019, 19:47:51 by Shackeng »
Logged

Viral_Jim

  • Omega Baron
  • *****
  • Offline Offline
  • Gender: Male
  • Telford
  • Posts: 4246
    • Too many, mostly broken
    • View Profile
Re: north south divide
« Reply #10 on: 16 September 2019, 19:58:26 »

IIRC that tenants now have the DSS rent paid to them now and not direct to the landlord, so another good reason for avoiding DSS. :y

Yes, a fuŁking stupid Tory idea that the Lib Dems did nothing to stop.  ::) (Un)Surprisingly its just driven up arrears and evictions, and further entrenched landlord's (justified) dislike of DSS tenants.

Logged

Lizzie Zoom

  • Omega Lord
  • *****
  • Offline Offline
  • Gender: Female
  • South
  • Posts: 7370
    • Omega 3.2 V6 ELITE 2003
    • View Profile
Re: north south divide
« Reply #11 on: 16 September 2019, 20:20:52 »

I understand there have been, and probably still are, terraced houses in cities, especially Liverpool that I have seen on tv, that have been sold by the local authorities for Ł1. The buyer has to invest, I believe Ł30-40K, to dramatically refurbish what are almost empty shells and the work has to be completed within a certain time scale.

So these 'bargains' are out there, but I fear definetly NOT in London or the South East generally! ::) :( ;)
Logged

tunnie

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Surrey
  • Posts: 37511
    • Zafira Tourer & BMW 435i
    • View Profile
Re: north south divide
« Reply #12 on: 16 September 2019, 22:15:15 »

Those prices are absolutely insane  :o :o :o
Logged

Andy B

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Bury Lancs
  • Posts: 39446
    • ML350 TDM SmartRoadster
    • View Profile
Re: north south divide
« Reply #13 on: 16 September 2019, 22:25:13 »

Those prices are absolutely insane  :o :o :o

but you haven't seen Burnley  ::) ::)  ;)
Logged

tunnie

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Surrey
  • Posts: 37511
    • Zafira Tourer & BMW 435i
    • View Profile
Re: north south divide
« Reply #14 on: 16 September 2019, 22:29:13 »

Can't say that I have  :)

We did strongly look at move up north to Leeds or surrounding areas, due to the type of property we could get. Was not quite for us in the end.
Logged

Andy B

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Bury Lancs
  • Posts: 39446
    • ML350 TDM SmartRoadster
    • View Profile
Re: north south divide
« Reply #15 on: 16 September 2019, 22:32:27 »

Can't say that I have  :)

 .....

I don't think you're missing much, though the surrounding area is nice.
Logged

tunnie

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Surrey
  • Posts: 37511
    • Zafira Tourer & BMW 435i
    • View Profile
Re: north south divide
« Reply #16 on: 16 September 2019, 22:34:18 »

Closest I’ve been is Harrogate, loved that area.
Logged

Andy B

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Bury Lancs
  • Posts: 39446
    • ML350 TDM SmartRoadster
    • View Profile
Re: north south divide
« Reply #17 on: 16 September 2019, 22:36:01 »

Closest I’ve been is Harrogate, loved that area.

That's the posh & expensive part of Yarkshire  ;) ;)
Logged

tunnie

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Surrey
  • Posts: 37511
    • Zafira Tourer & BMW 435i
    • View Profile
Re: north south divide
« Reply #18 on: 16 September 2019, 22:38:39 »

Closest I’ve been is Harrogate, loved that area.

That's the posh & expensive part of Yarkshire  ;) ;)

Thought so, we have expensive tastes.  ;D
Logged

Mister Rog

  • Omega Baron
  • *****
  • Offline Offline
  • Gender: Male
  • Wales
  • Posts: 2606
    • Volvo XC70 & V70 D3
    • View Profile
Re: north south divide
« Reply #19 on: 16 September 2019, 22:38:54 »

DSS houses so a possible investment provided......they pay the rent (or the DSS does)......they don't trash the place.

I have done this in the past but the hassle outweighs the possible income.
Especially with the new tax regime for buy to let landlords.

I was recently considering a buy-to-let, last one all worked out incredibly well, but changed mind due to hassle factor and remote (very remote I hope) possibility of a Corbyn Government.
Logged
“The desire to be a politician should bar you for life from ever becoming one.” Billy Connolly

scimmy_man

  • Omega Knight
  • *****
  • Offline Offline
  • Gender: Male
  • yorkshire
  • Posts: 1111
    • View Profile
Re: north south divide
« Reply #20 on: 16 September 2019, 22:41:11 »

Logged

Mister Rog

  • Omega Baron
  • *****
  • Offline Offline
  • Gender: Male
  • Wales
  • Posts: 2606
    • Volvo XC70 & V70 D3
    • View Profile
Logged
“The desire to be a politician should bar you for life from ever becoming one.” Billy Connolly

Andy B

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Bury Lancs
  • Posts: 39446
    • ML350 TDM SmartRoadster
    • View Profile
Re: north south divide
« Reply #22 on: 16 September 2019, 22:54:17 »

https://www.youtube.com/watch?v=GT7dpPQ43ac

 ;D

It would've been funny if it wasn't so sad & true. And from a time when Clarkson was still using BBC English   ;D
Logged

aaronjb

  • Guest
Re: north south divide
« Reply #23 on: 17 September 2019, 08:05:20 »

They look like lovely houses. Probably ideal if you have a strong crack habit as there'll be a dealer just next door  :y :P :P
Logged
Pages: 1 2 [All]   Go Up
 

Page created in 0.026 seconds with 21 queries.