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investing4536

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  1. Like
    investing4536 got a reaction from s_chung_live_co_uk in Manchester   
    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 the Manchester section of the construction and development forum Skyscrapercity. If you spend time there, you will start to build up a clear picture on the up and coming areas around Manchester - typically on the periphery of the quickly expanding city centre. A few people on the forum spend a lot of time making excellent development summaries/maps of all that is happening in Manchester (it's hard to keep track!) and it will give you a far more objective view of Manchester than some property consultant/estate agent with their own agenda. 
     
    Hope that helps. 
  2. Like
    investing4536 got a reaction from Rob Cranston in Manchester   
    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 the Manchester section of the construction and development forum Skyscrapercity. If you spend time there, you will start to build up a clear picture on the up and coming areas around Manchester - typically on the periphery of the quickly expanding city centre. A few people on the forum spend a lot of time making excellent development summaries/maps of all that is happening in Manchester (it's hard to keep track!) and it will give you a far more objective view of Manchester than some property consultant/estate agent with their own agenda. 
     
    Hope that helps. 
  3. Like
    investing4536 got a reaction from Rick B in Manchester   
    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 the Manchester section of the construction and development forum Skyscrapercity. If you spend time there, you will start to build up a clear picture on the up and coming areas around Manchester - typically on the periphery of the quickly expanding city centre. A few people on the forum spend a lot of time making excellent development summaries/maps of all that is happening in Manchester (it's hard to keep track!) and it will give you a far more objective view of Manchester than some property consultant/estate agent with their own agenda. 
     
    Hope that helps. 
  4. Like
    investing4536 reacted to Alexander Teckkam in Minimum EPC Rating Legislation for landlords   
    April 2018 it comes in. It has affected the purchase of my commercial property so yes it is still coming in.
  5. Like
    investing4536 reacted to Landlady in Flat vs House   
    As a rule we purchase 2 bed houses. Freehold, simple, secure market in terms of cost and rent ability. However we did purchase a 1 bed leasehold flat . Leasehold costs £1200a year so profit less on a £650 monthly rental but capital value has increased more than the 2 bed houses. We were able to re mortgage after the two year fixed interest rate came to an end and extract cash while still keeping the loan to value 25%.
    My advice look at each individual property and work out what you are getting, the risks. Good luck and I hope you find something that suits your circumstances.
  6. Like
    investing4536 got a reaction from David McGuigan in Stepping up to cash buying   
    Hi Dave, I mainly make cash purchases around Manchester so can't compare with the conveyancing process with mortgage purchases. I find the leverage from being a cash buyer is limited. This might be because we invest in prime areas (normal yields, high appreciation) where there is quite strong buying competition. At most I'd say it gets me 1-2% off a purchase but I'm sure the security of a cash buyer would hold greater cache in areas where there is less market activity/competition. 
  7. Like
    investing4536 reacted to Craig Millar in Artex Ceilings/ Asbestos   
    I flipped a property recently which had suspect artex on every ceiling. We were going to get them all skimmed with plaster and my plasterer did point out he had to scratch the artex to get a good bond and remove the spikes. He did say it might contain asbestos but that he was ok with the risk. My worry was that the kitchen ceiling was half collapsed due to a leak above and I was going to have to remove it causing major dust.
    I used an online company and sent a sample of just the kitchen ceiling for testing. It came back positive. I assumed every ceiling was the same. What we did after reading H&S advice online was to overboard the ceilings with new plasterboard. Quite time consuming but not that costly.
    In the kitchen we used a gel product which softens the artex and allowed us to remove part of it safely, then overboard completely.
    Looking back part of me thinks I should have just let the plasterer go ahead but I chose the safer more expensive option and can sleep easier at night.
    Speaking to other trades most of them are of the opinion that there's very little asbestos in it and what there is, is about as dangerous as talcum powder.
  8. Like
    investing4536 got a reaction from Junaid M in Looking for tradesman/handyman/builder/appliances in Manchester Area   
    Hi Junaid, I manage some properties in Manchester - would be happy to share reliable tradesmen contacts. 
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