|
|
Post by wiseclerk on Jan 7, 2017 11:24:35 GMT
Hi,
I am considering to try out PP with a modest amount.
Considering that there are not many new listings what do you think of entering via the secondary market? Any suggestions on strategy - and maybe some general hints regarding PP?
Thx.
P.S.: and for the properties on the SM, is there a way to see the PAST income stream of the rental income. I found only the 'Events' timeline on the lower right, but not actual payment amounts listed
|
|
beh
Member of DD Central
Posts: 175 
Likes: 77
|
Post by beh on Jan 7, 2017 12:43:49 GMT
For past info on rental income take a look at their monthly "open house" blog posts - resources.propertypartner.co/open-house-november-2016/They've had a steady ~3 listings each month of recent so plenty of opportunity. For the SM, the bid engine thing is pretty useful with reference to the share price history, i.e. see what lowest prices have been recently and leave a bid rather than settle for the current lowest share price. The data view tab is great if you know what you're looking for in terms of discount vs dividend % propertypartner.co/s/uk#data-view. |
|
|
|
Post by wiseclerk on Jan 7, 2017 13:48:37 GMT
Thx very useful.
Allow me another question - any specific reason why Surrey Quay is on offer on the SM at 10% discount on latest valuation?
|
|
beh
Member of DD Central
Posts: 175
Likes: 77
|
Post by beh on Jan 7, 2017 14:01:02 GMT
At a guess, it's central London where people might be expecting slower growth next year and it's a low dividend relative to recent listings.
It's hard for anyone to make a particularly informed valuation themselves, a lot of properties do trade at well below the quarterly RICS (but rarely below the original share price). When selling something you perhaps haven't held for long, psychologically, the original purchase price is going to be a stronger anchor than a "market" value that won't be truly tested for another 4 years.
|
|
|
|
Post by wiseclerk on Jan 7, 2017 14:50:13 GMT
Is there a report for the quarterly evaluations anywhere or is just the value itself stated?
|
|
beh
Member of DD Central
Posts: 175
Likes: 77
|
Post by beh on Jan 7, 2017 16:20:02 GMT
|
|
bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
|
Post by bigfoot12 on Jan 7, 2017 16:25:01 GMT
...any specific reason why Surrey Quay is on offer on the SM at 10% discount on latest valuation? i) There is a lot of it about, at least 3 trenches; ii) It has a very low yield ~ 2% so you have to be optimistic about capital growth; iii) people happy to sell it for a small gain (ie valuation has increased by more than 10% over its life). The last two reasons are why I would reduce rather than increase my holding in this one.
|
|
Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
Posts: 355
Likes: 209
|
Post by Neil_P2PBlog on Jan 7, 2017 16:31:26 GMT
The history on the bid engine is useful as a basic overview, but it just has the 100 last trades so on some properties that could be 1 week and others 3 months. However, if you combine the data from the open house reports and the data from the current data view it can be quite a powerful tool to view all time trends. If you struggle to do a vlookup/join on the property details/address to combine data sources you could also try using the initial share price as a unique identifier ( this is an example of some analysis I did a few months ago on this data), and I use this method to calculate my portfolio value each month (rather than their valuation). I think some things to consider when buying on the SM are the % discount to breakup value, the gross/net dividend yield, and the growth that has already happened since the initial share price listing. Some ones to (potentially) avoid are the low dividend London properties that may struggle after Brexit. There's also a small facebook group which has a little additional talk to this forum and you may find interesting wiseclerk . |
|
