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luke m

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  1. Hi there, That was a list sent to me by a local letting agent. From looking in Doncaster you'll find that prices go up and yields tend to come down as you look in the more affluent areas. I'm trying to find the sweet spot of the areas... would be interested in hearing your experience in Balby. I'm looking all over Doncaster and in Balby too as can get some decent enough ~£80k terraced properties with a good yield. From speaking to local letting agents it seems to be just some areas around the town centre to avoid - e.g. Hexthorpe as can get more anti-social behaviour and more trouble
  2. Hi Luke, I’m currently purchasing a BTL in lakeside in Doncaster. I got sent the below list from a local letting agent of good/bad areas. The main areas to avoid seem to be Hexthorpe, Highfields, Stainforth and some parts of Edlington. Affluent Areas Bessacarr Sprotbrough Lakeside/New build Woodfield Plantation Warmsworth Tickhill Bawtry Kirk Sandall/ Edenthorpe/ Barnby Dun Norton Scawsby Scawthorpe Cusworth Adwick le Street Hatfield Good Areas Wheatley (Most Parts) Askern (N
  3. Hi Tina, I'm looking at investing in HMO's in Doncaster in the coming months. Do you still have yours for sale. Do you have rightmove links etc. that you could share? I'm also interested in knowing generally what occupancy rates you've had in Doncaster HMO's and if you have any problems with tenants. Also if you have letting agent recommendation that'd be useful. Thanks, Luke
  4. Hi Jack, I'm also looking at investing in Doncaster. I live in London but my home town is near Doncaster so I'm looking at investing there after pulling out some proceeds from another property. I'll be spending some time there in December to look at properties etc. I'm looking at different strategies at the moment - a mix of newer builds (e.g. near lakeside) that'd be low maintenance but still provide a decent yield or higher yielding HMO's. Ultimately I'm after hands off investments as I work quite long hours. Interested to hear what type of deals you've gone for in Doncaster/Sheff
  5. Hi Danny, Not using any specialized people or agents. I'm just starting out in property as well so don't just trust my word for it but based on my experience so far I think it's just about knowing the areas in depth. I've set up an alert on rightmove so that any time a 3+ bed property comes on the market in the student area that I'm looking at I get an alert. I've researched the area quite a bit so I know roughly which areas you can get the cheaper properties with the higher yields and which streets to avoid. I've also got some good contacts at the estate agents and letting agents who
  6. Hello Andrew, How did you get on with your research in Doncaster? We're based locally and looking at purchasing properties in the Doncaster area. I'd be interested to hear your thoughts. Cheers, Luke
  7. I spoke with an independent broker a couple of weeks back who seemed confused about mortgages in a company name. We have set up a limited company with the sole intention of purchasing property (therefore a special purpose vehicle (SPV)) The broker said that we would need two years of accounts before buying through a company. Can anyone advise specifically which lenders will consider mortgages for ltd companies and clarify on the above? I think we need to speak to a broker who specialises in mortgages for ltd companies
  8. As long as it's your primary residence I'd say that the extra 3% stamp duty won't apply. But like you say - if you move every 6 months and then rent them out after that the tax man will coming knocking
  9. We're looking at purchasing a fully managed student apartment in a northern city. The gross yield is about 11% with a net yield of 8%. The apartments are fully managed and the service charge includes all repairs/maintenance and all lettings of the property. It's a 5 bed apartment, all with en-suites. The returns look pretty average for a HMO type investment but the thing that's attracted us is that it's a complete hands off investment (the guy that currently owns it lives in Saudi Arabia). Has anyone purchased this kind of property before or could enlighten me with some of the pitf
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