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Found 8 results

  1. Hi there, First time poster on the forum. This year I plan on investing £250K in to property with the aim to have at least 4 properties in my portfolio by the end of the year. I want to purchase 2 properties in Newcastle at least. I was wondering if anyone could give any advice on micro-locations in Sandyford, Jesmond and Heaton? From my own time in the city I know all 3 are very popular for students, but ideally I'd be looking at letting to young professionals for a few different reasons. I'd be interested to hear from anyone with recent experience in these 3 areas (or any other NE-based areas) in terms of particular parts of these or streets in these areas that should be avoided due to being predominantly student lets (or for any other reason). I can see that yields in Heaton tend to be better than in Jesmond, but I feel Jesmond is more likely to attract young professionals and potentially will benefit a bit more from capital growth. On another note, I'm also looking towards flats on the Quayside just to diversify a bit. I'd love to hear from anyone else with a similar target area! Thanks, Adam
  2. Hi all, When people ask why I buy flats in Gateshead it's easy to point out the extremely high yields but i've also been aware of the poor capital growth. I've always hoped that investment in Newcastle would eventually cause the affluence to spill over the Tyne into Gateshead and start to push the prices up there (maybe over the next 10 years or so). Has anyone got any opinions on the likelihood of this happening? I'm conscious that I might be investing in an area where the market value remains stagnant as it has done for the last at least 5 years! All views appreciated, Jordan
  3. Hello, a quick(ish) intro from me as writing on a tablet is no fun. Myself and husband live in the outer west area of Newcastle and have a property in this area; a basic no nonsense 100 year old 3 bed mid terrace, which we are readying for renovation in March. We became accidental landlords with this property in 2012 after running out of time to sell it for a decent price when we purchased our family home. We came up with a canny solution to rent it to my brother with a view to him buying it from us. The property has a BTL mortgage in place. So, basically he has lived there paying regular rent with no intervention or 'landlord duties' from ourselves. This suited us fine. Fast forward to November 2017 and he is not in a position to get a mortgage and his new partner wants to rent In the nearby council estate. The existing mortgage is £59,000 and we have factored £15,000 to renovate = £74,000 mortgage. We aim to rent for between £450-£500 pcm. Currently there is only one house on the street, that I know of, that is rented so it's quite difficult to gauge a rental figure. Once renovated it will be in the running to match other houses sold on the street, which varies from £79,000 for a house in similar condition to ours pre-renovation and an end terrace sold this month for £135,000. We ultimately now aim to provide a nice home for a couple or small family for a reasonable rent and use this towards living a little more comfortably in later years. We have an idea to purchase another property and are on the lookout already in the same area but ex-council but really want to get to grips with this one first so I'll keep you posted. We we are pretty sorted with tradesmen and contacts but not so knowledgable on the tax implications. My husband is on the higher tax band of 50% so any advice in the regard would be much appreciated. My husband is an IT consultant and I work in repairs for a local housing association so I have a little knowledge regarding what works best in a rental and what tends to go wrong time after time. Finally, we have all our trades in places to start on March 1st and aim to be done in 6-8 weeks. Not so short an intro after all.
  4. Hi All, I'm looking for someone to do a refurb in the Newcastle area for me. I work full time so am not able to be on site alot. Ideally It would be someone I could entrust the project management side of things to also. Can anyone recommend anyone please? Many thanks in advance Al Robinson
  5. Hello! I'm based just outside Newcastle upon Tyne and it would be great to get to know other people that are 'into' property. As my network currently as no like minded people. About me: 34m love skiing, springer spaniels, countryside, mountain biking and the Lake District is my favourite place! Current situation: I had had been in a senior position in secondary education for the past ten years (now 34) and flipped property as a hobby. Last October I decided to leave my career. After a few months of soul searching for the next chapter ( guest houses, travelling for example) I kept levitating towards property each time. Which brings me to 'the now'. I am currently writing a business plan with the goal to turn the hobby into a career. I currently own one HMO and really enjoy managing it albeit much more hands on than a btl ( had one previously). Ive managed other properties and my partner is a property manager for a local large estate agent. I'll be making every effort to attend PIN meetings, local auctions to get to know people however if anyone wants a chat/ coffee to chat about goal setting or strategy ideas etc I'd be willing. Skiils: Project managed multiple properties very much a 'grafter' and hands on in whole process from sourcing to completion. Interior design - designing spaces for the end user sourcing best value resources Sourcing bmv property i really should say teaching is a skill ( national award winning ooo er! Ha) however at the moment not fully transferable to my current situation. I particularly like working with period and character properties. Recently renovated a sandstone cottage and doubled the capital put into the project. Particular interest growth area: As I'm about to embark on property trading, development and investment full time I'm still not clear the best business structure to go with ( sole trader/ Ltd company) and actively researching this area. I've tried to call a number of accountants for advice however as yet not got the info I need. I am am keen to learn and gain advice and tips for self builds and land purchasing. I do get excited about growing a HMO portfolio as enjoyed the experience so far. So I would love to talk to anyone who wants me to be part of their own journey and willing to be part of mine. Best wishes tom heaney
  6. Can anyone recommend a good mortgage advisor in or near Newcastle upon-Tyne or in Richmond (North Yorkshire) ? I'm looking to invest in the north east and would like a local contact to get some advice. Thanks in advance. Andrew
  7. Hi Property Hub, I had a look on the site when it launched and am looking forward to joining the community now it's full steam ahead. I'm at the start of my property journey and I own one property in Newcastle and have bought one off plan from RMP (anyone heard of them? ;-). My goal is to buy two more properties by the end of the year in the North east with my 2 brothers as JV partners. Despite Rob and Rob saying "never invest in the north east" we're doing well on our first property and are confident about taking small steps. Ideally I'd like to meet people with experience in investing in the North East of England particularly in Newcastle and Durham, can anyone point me in the right direction of anyone interesting? I'm looking forward to being involved in this community. Tom
  8. Hello all I've been listening to the podcast for a couple of months now and it's been great in helping me find a direction. I've just sold my first house and was well on the way to buying another to live in, but after listening to almost all of the podcast back issues I'm much more interested in BTL and flipping. I've currently got a healthy deposit for a start but I have been struggling with mortgages as I'm no longer a homeowner and I'm not a particularly high earner. I spend my weekdays carrying out joinery and building and my weekends...are usually the same
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