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Post by bodroll on Sept 26, 2017 14:19:26 GMT
Going live at 4pm today with a valuation of £125,000. Rightmove appears to show this terraced house as sold in 2015 for £82,000. If so, there seems to be a tad overvaluation? Comments please.
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Liz
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Post by Liz on Sept 26, 2017 14:31:19 GMT
it has been renovated, but still!
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rs
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Post by rs on Sept 26, 2017 14:50:29 GMT
it has been renovated, but still! Will fill in about 2 seconds warming up my fingers to click away in 10mins!
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Post by mrclondon on Sept 26, 2017 14:51:09 GMT
The £82k does seem an outlier compared to terraced properties in the street, and may be the result of a distressed sale. It was advertised for sale in Feb 2015 at £84,950 marked "no onward chain" and previously in 2012 as for let at c. £600 pm (source: zoopla)
The other thought that crossed my when I originally looked at this was the stated OMV / comparables may reflect owner occupier pricing which is perhaps a bit top heavy for BTL to get a sensible ROI.
My belief is that a fire sale value will be achievable that covers capital, accrued interest and disposal costs, so as with the original loan, I'll be taking up my slice if I can manage to get in. It will go in seconds minutes , and getting a slice will may depend on the FS website being responsive at the critical moments.
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lucky
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Post by lucky on Sept 4, 2019 13:42:26 GMT
Capital and full interest paid today 495 days😀😀
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michaelc
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Post by michaelc on Sept 4, 2019 13:51:56 GMT
I think that's the third long tail full repayment I've had in the last week or two. Bloody marvelous.
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