current yield target for rental properties
Discussion
A year or so ago, most prospective landlords wouldn't have considered yields less than 7.5% to 10% - many would have been targeting more.
Bearing in mind I have some tenanted properties I could do with selling to investors, what would be an approximate yild for valuation?
I have a family home in Harrogate currently rented out at £33k pa. It was 'worth' about £725k in Aug 2007.
I have another, not yet rentable, but likely rent £22k pa.
Both in good parts of Harrogate.
Bearing in mind I have some tenanted properties I could do with selling to investors, what would be an approximate yild for valuation?
I have a family home in Harrogate currently rented out at £33k pa. It was 'worth' about £725k in Aug 2007.
I have another, not yet rentable, but likely rent £22k pa.
Both in good parts of Harrogate.
Whatever they can get by the looks of things.
A friend sorted out a new place to live last week - the lists he got from letting agents were about 2/3rds empty and ready to occupy now, and he negotiated about 10% off the advertised rent without any hassle at all.
There seem to be huge numbers of rental properties coming on to the market as people who can't sell / won't sell / believe the market will pick up again are putting them up for rent instead. Seems especially popular with the singletons who can move back in with their parents and rent their flat out rather than get repossessed.
A friend sorted out a new place to live last week - the lists he got from letting agents were about 2/3rds empty and ready to occupy now, and he negotiated about 10% off the advertised rent without any hassle at all.
There seem to be huge numbers of rental properties coming on to the market as people who can't sell / won't sell / believe the market will pick up again are putting them up for rent instead. Seems especially popular with the singletons who can move back in with their parents and rent their flat out rather than get repossessed.
NotHappy said:
A year or so ago, most prospective landlords wouldn't have considered yields less than 7.5% to 10% - many would have been targeting more.
Bearing in mind I have some tenanted properties I could do with selling to investors, what would be an approximate yild for valuation?
I have a family home in Harrogate currently rented out at £33k pa. It was 'worth' about £725k in Aug 2007.
I have another, not yet rentable, but likely rent £22k pa.
Both in good parts of Harrogate.
Jesus, £2750 a month in rental, I never wuite understand whay people do that, you can get a heck of a mortgage for that.Bearing in mind I have some tenanted properties I could do with selling to investors, what would be an approximate yild for valuation?
I have a family home in Harrogate currently rented out at £33k pa. It was 'worth' about £725k in Aug 2007.
I have another, not yet rentable, but likely rent £22k pa.
Both in good parts of Harrogate.
Mind you, I know nothing about residential letting, never stacks up to me, I'll stick to commercial.
I know nothing about this subject so I am going to have a go.
I suspect that to buy property in the current climate a potential investor would look at significantly more than 10%.
THis in turn would mean selling the property at significantly less than it is worth.
THis disparity is why there currently aren't any buy to let investors at the moment.
The above is based on no facts and no knowledge.
I suspect that to buy property in the current climate a potential investor would look at significantly more than 10%.
THis in turn would mean selling the property at significantly less than it is worth.
THis disparity is why there currently aren't any buy to let investors at the moment.
The above is based on no facts and no knowledge.
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