hazellend
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Post by hazellend on Oct 4, 2018 10:37:11 GMT
Looks like I spoke too soon! That is a shame, I was hoping the student buildings be 6% plus, can invest in an IT for around 5% yield.
Also noticed the listings time limits are off, the other student one is still on until it fills so another change as well.
Yeah a bit cheeky to have removed the time limits. Where they ever really time limits or just motivation for investors to get a move on? The time limit on Huddersfield got increased, then went past that point and now no limit is presented. They must really want to fill this one. In the past PP have offered me incentives like 5% cashback to invest but it seems they are trying to break away from this
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Post by longjohn on Oct 5, 2018 17:39:21 GMT
In the past PP have offered me incentives like 5% cashback to invest but it seems they are trying to break away from this
As I haven't deposited any new funds for six months I've been offered 1% cashback if I deposit £1000+ and invest in any new property before the end of October 2018.
I guess they are happy to offer selective inducements at the moment, just not cashback for everyone.
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IFISAcava
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Post by IFISAcava on Oct 5, 2018 23:13:39 GMT
Well this six monthly revaluation has been an eye opener - all the gradually accumulated dividends (rental income) of the last 18 months gone in one fell swoop.
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bigfoot12
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Post by bigfoot12 on Oct 5, 2018 23:51:56 GMT
Well this six monthly revaluation has been an eye opener - all the gradually accumulated dividends (rental income) of the last 18 months gone in one fell swoop. I seem to have been luckier than you - I have lost 2 months of income on the revaluation. Trying to work out if I have been unluckier than average or not, but I am struggling a little, as there is much talk of total returns. The other difficulty is my average gains and losses on properties seem okay, but gearing is having a bad impact. Need to look at this more carefully in the morning.
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Post by Deleted on Oct 6, 2018 8:38:51 GMT
I'm looking forward to the set of revaluations which actually increase the value of my portfolio, yet to see that special occasion, so far they just push back against rental income earned. Perhaps surprising considering PP claimed to have purchased them all at great discounts!
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IFISAcava
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Post by IFISAcava on Oct 6, 2018 11:11:34 GMT
Well this six monthly revaluation has been an eye opener - all the gradually accumulated dividends (rental income) of the last 18 months gone in one fell swoop. I seem to have been luckier than you - I have lost 2 months of income on the revaluation. Trying to work out if I have been unluckier than average or not, but I am struggling a little, as there is much talk of total returns. The other difficulty is my average gains and losses on properties seem okay, but gearing is having a bad impact. Need to look at this more carefully in the morning. Dividends received: £2613 Valuation gains: -£2774 Transaction costs: -£1614 I was always in if for the longer haul (5 years plus) and wanted some residential property as a diversification, but so far a poor return (made worse by the dividends being taxable).
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hazellend
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Post by hazellend on Oct 6, 2018 11:26:34 GMT
I seem to have been luckier than you - I have lost 2 months of income on the revaluation. Trying to work out if I have been unluckier than average or not, but I am struggling a little, as there is much talk of total returns. The other difficulty is my average gains and losses on properties seem okay, but gearing is having a bad impact. Need to look at this more carefully in the morning. Dividends received: £2613 Valuation gains: -£2774 Transaction costs: -£1614 I was always in if for the longer haul (5 years plus) and wanted some residential property as a diversification, but so far a poor return (made worse by the dividends being taxable). 2k of dividends are are tax free. One of my properties dropped 15% so share price down by 30% as leveraged. PP think it is an erroneous valuation due to an offshore fund distress selling some flats at firesale price in the same development and should bounce back
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IFISAcava
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Post by IFISAcava on Oct 6, 2018 11:28:21 GMT
I seem to have been luckier than you - I have lost 2 months of income on the revaluation. Trying to work out if I have been unluckier than average or not, but I am struggling a little, as there is much talk of total returns. The other difficulty is my average gains and losses on properties seem okay, but gearing is having a bad impact. Need to look at this more carefully in the morning. Dividends received: £2613 Valuation gains: -£2774 Transaction costs: -£1614 I was always in if for the longer haul (5 years plus) and wanted some residential property as a diversification, but so far a poor return (made worse by the dividends being taxable). Looking more closely it seems that half of the valuation losses are in two properties I am a little overweight on in Surrey Quays that have had massive revaluations (down 25-30%) suggesting the original ones were out (most likely) or a particularly severe property price crash in docklands (anyone heard about that?) EDIT: drop is also larger due to gearing as per hazellend post and there may be some explanatory local factors in play
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IFISAcava
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Post by IFISAcava on Oct 6, 2018 11:29:48 GMT
Dividends received: £2613 Valuation gains: -£2774 Transaction costs: -£1614 I was always in if for the longer haul (5 years plus) and wanted some residential property as a diversification, but so far a poor return (made worse by the dividends being taxable). 2k of dividends are are tax free.One of my properties dropped 15% so share price down by 30% as leveraged. PP think it is an erroneous valuation due to an offshore fund distress selling some flats at firesale price in the same development and should bounce back got those covered elsewhere though! you're right re gearing - accounts for some of the larger drop i mentioned in previous post.
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IFISAcava
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Post by IFISAcava on Oct 6, 2018 11:37:42 GMT
The difference with my (unfortunately a lot smaller) investment in Bricklane is stark - I do wonder if REITs aren't a better way to go (and are ISAble).
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rick24
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Post by rick24 on Oct 6, 2018 13:54:15 GMT
My portfolio is still in the black. One of the student properties went down quite a lot but was counterbalanced by another that went up. The gearing magnified the changes in both cases.
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beh
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Post by beh on Oct 6, 2018 16:10:03 GMT
On latest share valuations I'm 3.7% up, although ~2/3 of that is "discount on purchase" from the SM.
26 of mine are up, 19 are down.
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Post by takesyourchances on Oct 6, 2018 16:58:54 GMT
Which student property came down so much? I have small chunks in several, I logged in my overall portfolio is around the same still, just £10 up after what I put in so my 4K overall investment has not really moved.
I got my recent dividend, will put towards the next £250 block I buy.
I am investing still in my REIT's in my ISA, so will still increase PP here and there.
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beh
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Post by beh on Oct 7, 2018 12:57:13 GMT
Which student property came down so much? Looks to be the Exeter one.
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Post by takesyourchances on Oct 7, 2018 15:49:28 GMT
Which student property came down so much? Looks to be the Exeter one. Thanks for that, I am actually in the Exeter one, as I was buying in chucks of around £250 per property, I checked, I must of carried dividends over my total cost was £270 it is now at £241. I think spreading around helps spread out the risk and not be too heavy in one property. All of mine would be mostly £250 plus fees etc in my 4k.
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