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investing4536

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  1. Hi Rob, I own an investment property just off Ordsall Lane a few minutes from Exchange Quay. It's a house but I've never had any reports from tenants regarding crime or seen anything untoward when I go down there - although I'm sure the area still has the odd issue but certainly nothing like ten years ago. Ordsall Park is also a major plus for the area. As you can from this development map there is a lot happening in the immediate area in future. https://www.google.com/maps/d/viewer?mid=1iKsAEkRbZ42vWsAvG5-LNeziihs&hl=en_US&ll=53.478188162394744%2C-2.248120309
  2. Thanks Rashed, your most recent experience is what I'm used to in the city centre. Anyway I'll chalk it up to the time of year and see what happens in early Jan.
  3. I had a rolling contract unexpectedly end last month in a central Manchester flat and have been quite surprised at the following lack of interest. I know the market is quiet over Christmas/New Year but didn't quite realise it was non-existent. Anyone else had similar issues in the past? Other properties let earlier in 2017 generated a lot of interest within hours of going online.
  4. Hi Alex, I am not a sourcing agent but have done searches with similar criteria before - am happy to share my experiences and offer basic info about the Manchester market if you are unfamiliar.
  5. I've built up a portfolio across central Manchester, Salford and a few South Manchester areas (Didsbury, Chorlton etc) Whilst I expect the portfolio to do well in the next few years as Manchester develops at a quicker rate than all other UK cities I can't help but think it wouldn't do any harm to sell 10-15% of the portfolio and diversify into European property - particularly because of the instability brought about by Brexit (although this doesn't seem to have affected Manchester's yet but I gather Liverpool/Leeds in particular have struggled since the vote to attract significant amounts of i
  6. Unfortunately after trying to accommodate solicitors and be patient throughout several purchases I am now a firm believer in the squeaky wheel approach! It's a bit of an indictment of the whole industry that if a buyer/seller agree a price with the solicitors then the square root of nothing is likely to happen if neither side are pushed.
  7. I currently have two rental properties in converted warehouses in central Manchester with 'F' EPC ratings and the potential for 'D' ratings. For those familiar with Manchester apartments they are fairly typical of converted period properties in the area - high ceilings, electric heaters, larger than new builds - tenants seem to like them but they certainly are not energy efficient! My concern is whether as a leaseholder (and therefore not being able to make structural changes to insulate the walls/change the heating systems etc) and the fact they are both Grade 2 Listed Buildings
  8. I currently have two rental properties in converted warehouses in central Manchester with 'F' EPC ratings and the potential for 'D' ratings. For those familiar with Manchester apartments they are fairly typical of converted period properties in the area - high ceilings, electric heaters, larger than new builds - tenants seem to like them but they certainly are not energy efficient! My concern is whether as a leaseholder (and therefore not being able to make structural changes to insulate the walls/change the heating systems etc) and the fact they are both Grade 2 Listed Buildings
  9. Hi Lee, it's fully managed but I'm not looking for rent guarantee insurance.
  10. Thanks Vicky, I'll certainly reach out to Yellow if we make the move. The ethos of the company sounds good
  11. Anyone have any recommendations? I currently use a city centre firm for my properties in the centre and South Manchester. The flat rate per property is very reasonably under £50 but I think it's a case of getting what you pay for. I am looking for an agent who can proactively and reliably coordinate work with tenants and proactively update me without constantly need to chase for updates. I feel like my current agent take on more than they can handle and it's really tempting to get involved with the management of the properties again - surely a bad sign! Clear invoicing
  12. Hi Rob. If you really want to focus on prime areas with high capital growth and lower yields then I'd take a look at Didsbury. Properties have appreciated faster than the city centre over the last few years. Furthermore unlike the city centre, demand can not be met by building lots of skyscrapers Compared to other 'affluent' areas in Manchester, the area has a far higher proportion of young professionals looking to rent and many larger period buildings have already been divided into flats. If your strategy is buy-to-sell, I'd look elsewhere though. As for resources, I'd recommend
  13. Hi MTY, we invest exclusively in Manchester but are considering diversifying into Edinburgh later this year. It's always good to have someone else to swap notes with!
  14. I also really liked the episode and hope it becomes a fixture of the podcasts!
  15. Hi, just wondering if any other landlords with medium sized portfolios (5-10 properties) use this? Whilst I keep on top of all H&S aspects of my properties and fulfill all my legal requirements, I feel like further purchases mean I'm reaching a 'tipping point' where it's a cost worth considering. More properties equalling more chances for things to go wrong!
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