What rent should be paid on £150,000 flat?
16 May 2006, 10:38 AM
#1
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What rent should be paid on £150,000 flat?
The flat is in Soverigh Harbour, Eastbourne and was wondering if there is a formula for working out what the rent would be?
16 May 2006, 11:00 AM
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what fast bloke said. some investors will have criteria they need to make things work, but that's their own personal requirement.
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16 May 2006, 11:15 AM
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Rent will be exactly the same as all similar size / quality flats in the same area - but, if there is a glut of empty flats in the area, then it'll need to be slightly cheaper if you want to get someone in there quick.
Would bet its a high probability that whatever the rent is, it wont be enough to cover the mortgage if the flat was bought in the last couple of years.
Would bet its a high probability that whatever the rent is, it wont be enough to cover the mortgage if the flat was bought in the last couple of years.
16 May 2006, 03:57 PM
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Originally Posted by Mitchy260
Not a chance £650 a month.
Used to live in a £150000 flat before i bought my house and was paying £430pcm in york.
£650 and your looking at the very least a 3 bed semi.
I suppose its where you live tbh
Used to live in a £150000 flat before i bought my house and was paying £430pcm in york.
£650 and your looking at the very least a 3 bed semi.
I suppose its where you live tbh
Oh, and a quick deletion of the thread there Mitchy260.
16 May 2006, 03:57 PM
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http://www.harbourlettings.co.uk/
Yeah deleted my above post as it seems your correct. Although there are some there for £550.
Yeah deleted my above post as it seems your correct. Although there are some there for £550.
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