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Post by peerlessperil on Apr 19, 2017 21:00:52 GMT
On with rightmove at £4.1m
Valuation: £3.9m (as of 23/3/17)
90 day: £3.5m
Rent: £72k - which equates to yields of 1.84% and 2.06% (90 day)
Loan value is £2.73m, equating to 2.64%.
For context there's a similar, albeit older & slightly smaller (5000 sq ft vs 6000sq ft) house for sale almost next door - on at £2.495m.
Let's hope they have the estate agents on their knees scrubbing the pool spotless before each and every viewing.....and that we have a sudden influx of foreign football managers.
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GeorgeT
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Post by GeorgeT on Apr 19, 2017 21:31:31 GMT
Harry Redknapp is back in work but he's already got a place down there.
When you set ouut the valuations like that I have to say it doesn't look quite right. That yield looks very low suggesting a possible over valuation on the capital value or an under valuation on the rental value.
That said, I have not done any research into this one because I don't bother with loans at 10% on this platform. It's a zero pre fund from me.
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Post by peerlessperil on Apr 19, 2017 21:44:59 GMT
The best bit is that further on in the valuation you have a photocopy with the private numbers of the owners scribbled all over it. savingstream need to get their blanking marker out of the drawer.... |
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Post by peerlessperil on Apr 19, 2017 21:50:11 GMT
These are trophy properties, bought by people who care about the address rather than the yield.
They do tend to care about sea views though, and for that you'd prefer to buy in Sandbanks I believe.....
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lobster
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Post by lobster on Apr 19, 2017 22:17:18 GMT
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SteveT
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Post by SteveT on Apr 20, 2017 4:41:21 GMT
These are trophy properties, bought by people who care about the address rather than the yield. They do tend to care about sea views though, and for that you'd prefer to buy in Sandbanks I believe..... A sea-front plot and house of that size on Sandbanks would be priced 2-3 times higher. Then the house would be demolished and at least 2 more, larger ones built there instead.
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Post by portlandbill on Apr 20, 2017 11:21:30 GMT
These are trophy properties, bought by people who care about the address rather than the yield. They do tend to care about sea views though, and for that you'd prefer to buy in Sandbanks I believe..... And, even then, on the right side of the road (actually the left side of the road, considering it's a one way street)  
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Apr 25, 2017 11:44:41 GMT
Still for sale at £4.1M which would appear, errrr, optimistic? But then, these are Real Estate Agents. Sold for £900K in 2006. Hmmmm, I was tempted back into Lendy's loving arms but at 10% I think I'll give it a swerve, unless I'm swayed by one of the many bright sparks on here.  |
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dp
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Post by dp on Apr 25, 2017 11:46:17 GMT
Set to £0 pre-fund.
No chance at 10%
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Apr 25, 2017 11:49:41 GMT
I would ignore all the "comparables" in Sandbanks for the simple reason that they are not comparable. Although not very far away in distance they are miles away in value.
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twoheads
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Programming
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Post by twoheads on Apr 28, 2017 12:19:50 GMT
Unfortunately, this one disappeared from the pipeline (12:30 today).
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