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Found 30 results

  1. Hi, I'm 27 and have just given up a career in physiotherapy. In a couple of weeks I will be going back to university to study a Masters in Real Estate. This is a one year course, then after 2 years of working I can sit an exam which if I pass become a chartered surveyor. I realise this drastic change isn't essential but I couldn't face the thought of working as a physio with limited available progression in the long-term. I thought for a little sacrifice (a years hard work and no pay) it will be worth it in the end! I'm hopeful that working around property on a daily basis will not only be more interesting, but helpful in my own property investment. I own my own property (with my husband) but no investment properties yet. We are pro savers but have been happily spending these savings until now - travelling, getting married and buying a house! Hopefully once I get a job as a graduate surveyor we will be able to use all my income to save and put towards properties. We currently have around £15k saved. The plan is to purchase our first buy-to-let property in 2021 (so with a years saving post uni). We would then be able to save for another property after 2 more years. We plan to sit down with an accountant once i'm in a job and work out whether a ltd company is the best route for us or not. In the short-term if anyone needs advice about physio for someone who has had a stroke or a spinal injury then i'm your girl! If you wait a year then I should be able to help with something actually relating to property, i.e. surveying. I'm particularly interested as Crewe and Sheffield as places to invest. I love to read peoples stories about how they started and what they are doing now. If anyone got into property via an alternative route or has any hints/tips about sheffield or crewe then please do let me know Thanks in advance, Helena
  2. Hi, As the title suggests, I am completely new to the property world. However, I recently inherited some money and am considering investing some of it in to property. An initial idea has been to purchase a student house using a buy-to-let mortgage. My short term goal is to gather as much advice and knowledge from you guys on this forum on all things property investment, particularly student buy to lets, and how to get things started. I have been looking into student buy to lets in Sheffield - 4 beds around £250,000. I appreciate that property can be a complicated and challenging investment which is why I want to learn as much as I can before I officially decide whether it is something I have both the time and money to continue with. Thanks so much and I look forward to hearing from you Matt
  3. Hi. I'm a Brit based overseas looking to start my property investment portfolio in Sheffield. (My retirement rescue plan - I'm also enjoying the research process). I'm looking to buy flats or terraced houses at between £135 to £150K to let out to young professionals or possibly students. I should be in a position to purchase 2 or 3 of these in the next 12 months. The investments will need to be hands off as I'm based overseas for the next 3-5 years. I've found Rob Dix's excel spreadsheet very useful - Thanks Rob. My current stumbling block is the viewings. I can't physically view the properties I've shortlisted. Although, it might be possible to buy without viewing I am a little apprehensive about doing so. I don't know anyone who could view them for me using facetime or whatsapp; or simply report back to me. I'd be interested to hear others' experience using third parties to view on their behalf. Has anyone used Upwork, for example? Any advice or tips would be welcome.
  4. Hi All, Sorry for the long post. I'm totally new to this and was hoping to gain advice from you all, so any wisdom imparted would be sincerely appreciated. I'm interested in beginning my property investment journey after gaining much confidence from the contents on this wonderful site. I'm from Birmingham but live and work in London. Initially, I was looking for a high yielding B2L property in somewhere like Sheffield or Nottingham, to potentially net between £500 - £1,000 per month cashflow to generate some passive income. As a newbie, I want a hands off approach, interested in modern properties that are immediately ready to rent out; but have recently learned my cousin works on upgrading properties so thats a bonus for some flexibility in regards to potential house flipping. My strategy has now potentially changed as my Mom (currently living in a 3 bed council house in Bham) needs to be rehoused, due to her current area and neighbours being far from the best to say the very least! So in saying this, I now intend to purchase a mortgage for a place for her to stay in Bham (2-3 bed house or 2 bed apartment in city centre) that will see good capital growth in the long run as the plan is for her to live there for the next 10, 20, 30 years plus. So this would be a long term investment. I have around 30K to invest at the moment, and ideally would like for the monthly repayments to be low because she'll be living there alone (would H2B be pertinent here?). I don't intent to make profit off Mom or for her to have to share, but at the same time, I don't want to have to go into my own pocket to top up what she cannot afford as I am already renting in London. I did a mortgage in principle with my bank the other day and they said I could borrow in the region of 280K. My credit is pants at the moment so I'm using the next 9-12 months to increase my chances of getting a 5% mortgage next year although I would really want to buy something in 2019. So I suppose my questions are: Is what I'm pondering ambitious or outside the realm of success with the 30K capital and poor credit rating I have? Outside of transport links, being close to city centre, good schools, shops/supermarkets/parks/having a drive and garden etc, what other key criteria do successful property investors look for, that bring confidence that capital growth is very likely to come down the line? After looking at Rightmove and speaking to local estate agents and viewing properties that fit your criteria for example - what are the differentiators or main drivers that prompt an investor to push the green button and buy? Should I maintain my original plan, and find a 1-2 bed B2L property in a high yielding/high growth area like, Leeds, Liverpool, Nottingham, Manchester, Sheffield and essentially keep saving while banking the £500 - £1,000 per month cashflow - because in a couple of years I'd soon generate another 30K to get her the property in Brum - and in that time I would have gained some equity/growth in the B2L property. I do plan to build a property portfolio so when you have a strategy for acquiring multiple properties; for tax reasons, is it better to purchase them under a limited company rather than as an individual? When people say, test your numbers thoroughly, what exactly does this mean? How can you test that your strategy for a B2L monthly cashflow goal is truly feasible? Would the H2B scheme benefit me in for my circumstances? Many thanks
  5. Hey fellow Hubbers! Looking at some property in Sheffield and came across a development called The Fitzgerald by developers called PBS Group Ltd. The numbers seem to stack up really well and as this is phase 2 of the apartments, I have direct comparables for both rent and purchase prices which is great. It would be off plan with completion around October 2019. The only question I have really is about the developers, I have not heard of them, I have of course done all the normal googling and cannot find anything bad about them. Just wondering if anyone has worked with them or purchased from them before? http://www.pbsgroup.co.uk/ https://thefitzgeraldsheffield.com/ Looking forward to what you think? Many thanks Alex
  6. Hey, fellow Hubbers! Looking at some property in Sheffield and came across a development called The Fitzgerald by developers called Romiga East Ltd. The numbers seem to stack up really well and as this is phase 2 of the apartments, I have direct comparables for both rent and purchase prices which is great. It would be off plan with completion around October 2019. The only question I have really is about the developers, I have not heard of them, I have of course done all the normal googling and cannot find anything bad about them. Just wondering if anyone has worked with them or purchased from them before? https://beta.companieshouse.gov.uk/company/08522483 https://thefitzgeraldsheffield.com/ Looking forward to what you think? Many thanks Alex
  7. Hello, My name is Paul Deehan, I'm 36 and grew up in Sheffield, UK. For the last 12 years, I worked on Private Super Yachts as a Private Chef. I've had the fortune to travel around the world and cook for lots of celebrities, business tycoons and world leaders. In 2010, I read the famous, Rich Dad, Poor Dad book and since then I've been slowly building my property portfolio. Since around this time last year, I was recommended the property podcast by a friend and have to thank both Robs and the team for 1, being awesome and 2, giving great honest value and advice through their work. Before listening to the property podcast, I had 3 BTL's with a passive cashflow of £450 per month. I now have 5 BTL properties, all in Sheffield, with a 70% LTV and passive cash flow of £1400 per month. I'm booked on the 10th of June, Property Summit in London and I am very much looking forward to meeting both Rob's and other investors. My next actions will be, buying my 6th BTL, viewing on Friday and buying from a friend so all being well, I'll buy in the next few month. Thank you for reading my introduction and I'm looking forward to connecting with you on this forum soon. #beyourbest Paul Deehan
  8. Hi All, I am looking to purchase a 4 bed HMO / Student Property in Sheffield or Leeds. I would like to purchase within the next two months, however I am worried that the 2nd – 4th year students would have already found their property for the academic year. Would you suggest purchasing and then renting out to young professionals (sourcing on spareroom etc.) on a short term let basis until June / July 2020 and then move the students in. Thanks,
  9. Hi All, I am currently exploring Sheffield as one of the cities to invest in this year. I would be very much appreciate some guidance on which areas to focus and avoid with any supporting rationale. My strategy is yield (short term) and appreciation (long term). Tenancy - ideally professionals I look forward to your thoughts. Thanks!
  10. Hi, I'm starting to look at a number of different cities to build my property portfolio this year. I've got one in the pipeline in Liverpool and starting to research where next. I like the look of Sheffield and planning a trip up in the spring to have a look round. I live in London and I would love someone who has a bit of local knowledge to provide me with a bit of advise on particular areas to look. I'm concentrating in the city centre and have a budget of £100k. Any advice would be greatly appreciated! Thanks in advance! Laurie
  11. Hi everybody, I thought I’d write this to introduce myself and also to provide me with a little bit of motivation, as I expect this community will be great at holding me accountable for my goals. I’m currently in the middle of a live-in refurbishment with my wife and 2yo daughter. We’ve been hit by some tough times over the past three years since we moved in, so nothing has really gone to plan. I’ve been doing most of the work myself-I’m a civil engineering project manager by day and a DIY dad by day-off/evening/occasional weekend. It’s been hard balancing work, dadding, husbanding and DIYing. To date I’ve rewired the flat (had a sparky connect/test and sign everything off), had the external walls insulated, extended the kitchen units to accommodate a dishwasher that I plumbed in (relationship depended on it), stripped out, insulated, plasterboarded and redecorated my daughter’s bedroom, redecorated the dining room, stripped out and rebuilt a nightmare of a shower room (never doing a bathroom again!), had a wood burner installed and have future plans to extend, through the only way possible, with a purpose built garden office room. Admittedly, we bought the house with a naïve perception of how much work it would take to bring the house to where we wanted it to be, but the learning I’ve experienced on this project has helped me understand my strengths and weaknesses, which I now aim to put in to practise with property investments. Our saving grace with our is that we bought well below market value, so everything we do is adding value. We currently live just south of Edinburgh, so I’m interested in investing in the Lothians and into the Scottish Borders. My family home is in Sheffield so I’m using local knowledge and contacts to explore there and the surrounding areas. I also have my eye on Nottingham, Newcastle and my mum’s home town in the North West. Due to the shock death of my dad in 2018 we have a reasonable sum to invest from his estate, with the view to building a business that will support his (currently) four grandchildren as they grow up. More immediately though I aim to provide an income for my mum so that she can afford to retire to where they always planned to, but without tying up all the inheritance by purchasing with cash. The second benefit of a retirement income for my mum will be the ability to release equity from the family home by refinancing and renting out. It’s currently owned outright by my mum, so seems sensible to leverage it to increase income and allow its value to increase over the next period of growth. My plan is to take a BRR strategy utilising my project management and scope definition skills to provide clear requirements for a builder/contractor. Using this with cash purchases, I aim to be able to buy BMV, add value and then release a 10% ROI back to my mum (who will be the main investor). Where I stand right now is research, spreadsheets, research and more research. I have a goal of purchasing the first property in the first quarter of the year with another to follow in the third. I’m basing this on the minimum 6 month period for refinancing, however with buying in cash and refurbishing I expect this period to be shorter, however need to recruit a mortgage broker to discuss this with first. It’s been great reading about everyone’s journey’s and experiences on here, so will keep this updated with my progress. Please feel free to get in touch with advice, questions, critique of my strategy, or just to say hi. Thanks for reading this far! Dan
  12. Hi, I've been a lurker here for a little while - responded to a handful of posts but thought it was time to introduce myself. I bought my first property in the south-east back in 2007 for £150,500 - though I was working in finance (and still do!) I had no interest or real idea about property at the time though I did have a little cash and so wanted my own place. Obviously it was not the best time to buy but I had no idea about the market cycles or anything. However it's not been a bad purchase overall - more on that later. I lived there for 5 years, had a reasonable job and was paying off the mortgage whilst also saving so by 2012 I was lucky enough to have saved enough money for another place - it wasn't my intention or plan though (as again I had no idea really about property other than knowing that in general that it was a good idea to buy property). I actually happened across a place for sale whilst walking to my dentist! A bit bigger than my current place and included a garage, so I put an offer in and purchased it. I was lucky enough not to need to sell my previous place and so decided to BTL it. I was in the process of modernising the original property (as it needed a little bit of work, but not much) so I sped this up upon move-out and tenanted the place within days. This was back in 2012 and has been rented out to the same tenants ever since. Despite buying that property before the crash, it is now worth approx £225k (conservatively) and has been tenanted with no voids for 6 years - so as mentioned, not a bad deal overall. I'm actually considering remortgaging to release some equity for other properties as I've actually paid down a fair bit of the mortgage to date. My partner moved in with me in about 2016/2017 so we then decided to rent her place up in Peterborough. It's a lovely property in a nice village though the demand is not as strong as down south so we've had a few voids plus the rent is not quite as high as we would like. But still - we're in it for the long term and so are keeping the property in our portfolio. So far I would say we've been accidental landlords. In 2017 I decided to buy another property with the express purpose of it being an investment and a BTL - though looking back I didn't really know what the best thing to do was and I didn't even know that I didn't know! I did set up a limited company for this purpose and ended up purchasing a newly converted flat in the south east which brings in reasonable returns - though if I knew then what I knew now I would probably have invested my money elsewhere and purchased two properties for the same price. I can't remember the exact catalyst but about 6 months ago my partner and I realised that our jobs weren't actually fulfilling us anymore and so we deciding property investing would be the way forward - we already had 3 properties that were doing ok without too much work and without really meaning to invest in property or knowing what we were doing! And so we've been reading, learning and listening to as much as we can to educate ourselves. Not only that but we've been looking at property all over the country - we travel a little bit so are not focussing on any one area in particular. To us, if it's a good deal then it's a good deal. However, as we'd like to leave our jobs asap then we are currently focussing on HMOs, BTLs and places we can add value too (so properties where we can flip, or where we can refurb and remortgage as a HMO/BTL to release some/all of our original cash input). We actually have a deal going through in Sheffield as we speak - it's a 2.5 bed (one room is small!) BTL that should be done by January I hope. This purchase will be through my limited company. It doesn't need much (if any) work though we will probably tidy up the kitchen/bathroom and possibly new carpets to make it attractive for new tenants. ROI should be between 20-25% if I've done my sums right! We had another refurb project that I was hoping for and that we would have flipped. Would have been ideal as was on our doorstep though unfortunately someone outbid us before our offer was accepted - still looking though. We're currently looking primarily for HMOs in a number of areas for the cash flow now. Hope this helps anyone Happy to answer any (well, most!) questions if I can. Will update this further as time goes by, though am also thinking of getting a blog together. If so I will post the link. Dominick
  13. Hi everyone, I'm looking to buy my first BTL investment property over the next six months - ideally a one/two bedroom apartment, and I've been looking into purchasing in Liverpool or Sheffield to maximise the potential for capital growth over the next five years. The budget is around £130,000. Yields are important to me but more important is capital growth to allow me to grow my portfolio. Can anyone recommend specific areas within Liverpool and/or Sheffield that are particularly desirable and have a high demand for rentals? Any advice is greatly appreciated!
  14. Hi my name is Paul and I am 26 living in Sheffield. My interest in property started after reading 'Money for nothing and my property for free' about 4 years ago. Since then I have been working on securing a decent reliable income so that I can lend money to buy (previously survived on money made from poker which the banks obviously don't like). It's been a long slow process but I am now a qualified mental health nurse eager to get started. I was recommended the property hub about 5 months ago (weirdly whilst playing poker lol) and have been listening to the podcasts regularly ever since. I am aware that the book that sparked my interest is probably dated but the buy and hold strategy is still the way I want to go. I am basically on this to get advice from knowledgeable people (rather than the usual people who have bought a house and suddenly now experts - or a financial adviser who isn't financially secure himself ) and stay update with the latest strategies people are using. I am not interested in selling or flipping properties any properties that need work doing to them will be done by the professionals. I am currently in the process of buying my first house which is where my first question has come from: Should I go for a 90% mortgage or a 95% mortgage? (Money is not a problem purely strategy) 25 years? or 35 years?. This will be my base for 2-3 years. All advice given to me at this point is.... 'if you can afford go with 90 percent and 25 years' because you pay less in the long run. However my instinct is telling me that because I will never be selling the property (and never paying off the mortgage) and i intend to rent it out within 2-4 years I should be putting down as little as possible to maintain cash flow and reducing the time for me to be able to buy another. Or because this one will be mine to live in would it be better to put a bigger deposit down just for this one? Thanks, Paul
  15. Hi, I was wondering if there was anyone who has invested in the South Yorkshire region who has a good idea of where to invest in properties that are fairly cheap and therefore have a fairly high rental return? I live in Sheffield and just bought my first buy to let in Rotherham without really knowing too much of the areas. I am looking to buy one more property before I move away to Australia in about 5 months time which leads me on to my next question... has anyone got experience of buying properties in England whilst living and working abroad? Could this affect my ability to get mortgages etc.? I will obviously talk to a broker but wondered if there was anyone with experience. thanks in advance
  16. Hello all Can anyone recommend a surveyor/valuer in Sheffield, please? It's for a valuation for a remortgage. I was referred to Connells but apparently they don't cover Sheffield! And I'm looking for something a bit more authoritative than Zoopla... Many thanks
  17. Hello lovely people! This forum has been such a useful find! I've learnt so much scouring through all the posts and I'm so glad to have found the podcast! My partner and I are intending to visit the North and hope that you guys can recommend any sourcing agents/estate agents in the Northern areas such as Glasgow, Hull, Manchester, Leeds, Sheffield, Liverpool, Birmingham & Crewe as we will be investing remotely. Please feel free to comment or email me at sh.propportunity@gmail.com for a chat! Thank you so much! Cheers SH
  18. Hi James Kelly of York here. I am currently looking for bridging finance brokers - preferably in the north but not essential - tradesmen & letting agents in these areas, if you are one or know any please get in touch. I have been religiously following all things Property Hub related for the last 18 months whilst planning my first steps. Began whilst looking to buy my first house with my wife. We have now bought and refurbed our own home and are looking to invest in BTL in Leeds, Sheffield, York, Hull area whilst also doing other flip projects to recycle our initial capital. I work in sales and have been able to use my negotiating and project management skills to complete our refurb on budget and time, I intend to maximise this in future projects. I am of course happy to help in anyway I can in return. Best James
  19. Hey All, I am just about to begin investing in my own property portfolio. I have now saved enough for a deposit on my initial buy-to-let property (at last). I work for a property developer specialising in student accommodation on a national level. I am a chartered project management surveyor with the RICS. So, I have plenty of relevant experience in developments with GDV's ranging from £1m up to over £100m. Currently, I am managing two projects in Sheffield due to complete in September 2017. One a 63 bed studio apartment development, and the other 130 bed development of studios and cluster apartments. I am seeking some local knowledge of the Sheffield buy-to-let market in exchange for a coffee, and the sharing of some of my own knowledge. Please do get in touch if you are interested. Even if it is just for a general chit chat. Cheers all, Josh
  20. Hey All, I am just about to begin investing in my own property portfolio. I have now saved enough for a deposit on my initial buy-to-let property (at last). I work for a property developer specialising in student accommodation on a national level. I am a chartered project management surveyor with the RICS. So, I have plenty of relevant experience in developments with GDV's ranging from £1m up to over £100m. Currently, I am managing two projects in Sheffield due to complete in September 2017. One a 63 bed studio apartment development, and the other 130 bed development of studios and cluster apartments. I am seeking some local knowledge of the Sheffield buy-to-let market in exchange for a coffee, and the sharing of some of my own knowledge. Please do get in touch if you are interested. Even if it is just for a general chit chat. Cheers all, Josh
  21. Hello, I’m 22 years old from Sheffield and currently working as an architectural assistant before beginning my master’s degree in September, with the intention of becoming an architect in the future. Having read rich dad poor dad and richest man in Babylon when I was around 18 my mindset towards money was altered early, but I stupidly failed to implement any of the principles whilst I was at university. I unsurprisingly have an interested in buildings/construction in general but from an early age it was programs on TV that sparked an interest in properties specifically. I have replaced listening to music whilst at work with a variety of property/entrepreneurial podcasts about three weeks ago, having started from the very beginning I am literally years behind with them all but I think it is important to educate myself as I know so little about the legalities etc. and time is something that I guess I do have. I don’t personally own any property, I have little savings and I am returning to university for 2 more years, BUT I am determined individual and will continue to educate myself/save as much as I can so that when I can finally make the plunge I will do. My very top goals in property is to be able to buy land and develop on it and to carry out high end renovations/conversions of properties also. To achieve these goals, I would like to have built up a portfolio of rental properties with solid yields for a good monthly cash flow, and I would love to flip properties for extra capital along the process (and to familiarise myself with renovation). I am unsure which type of rental property I would specialise a strategy for, as I keep learning new things which leads to frequent changes in my approach. I am more inclined towards the investor route rather than being a landlord as but I am open to either. I would like to go to one of the property meetups to be able to talk to like minded individuals that can provide advice, all of which I am sure is valuable and I believe I would benefit greatly from having a mentor so this is something I would consider also. Feel free to make contact as it would be great to chat to others and start building up a network. Thanks and regards, Lewis Wake.
  22. Hello All, I am new to property - and this site so will take a brief moment to introduce myself; My brother and I live and work in London but plan to build a property portfolio up north. We are currently exploring Sheffield, possibly Rotherham, to start with because its our hometown - but are very open to other location recommendations? We have in region of £40-50k to invest, are both time poor and so will not be managing these properties ourselves. We are potentially looking at Private Sector Leasing to Local authority as an option to get the ball rolling with the intention to eventually do some multi-lets for higher yield. So, to my inaugural question! We are the process of reading all the books and getting together the 'Power Team' - brokers, accountant, solicitor, agents, etc I wondered if anyone could offer advice on where these ideally be located; London close to us - or up-norf closer to where we are looking to invest (and most likely lower fees)? Any recommendations for individuals also welcome. Like most people new to this game I have lots of questions buzzing around my head, but wish to keep my topics simple rather than overload with multiple points.. Over to you all - any help, guidance, advice most, most welcome..!! Thanks in advance, Simon
  23. Hi all, I'm new to the site and to property. Whilst I currently live in Sydney I'm looking to get my first investment in early to mid 2017. My plan is invest in a buy to let as my first property. I grew up in Derby and whilst I don't have a great impression of how the local market there is performing or will perform I am interested in looking at Nottingham and Sheffield, both very close and where I have some existing friend networks. Leeds was another thought but I haven't researched it yet. I'm probably looking at spending anywhere between £100,000 and £200,000 for my first property and my main objective would be getting a decent yield and in an area with high demand. Outside of some salesmanship and negotiating experience from my day job I'm currently listening to these podcasts and going blog crazy to educate myself! Any advice or suggestions on the areas I mentioned would be much appreciated.
  24. Hi everyone! I'm 22 and have just completed my Marketing degree at Sheffield Hallam University. I'm not going to lie, this is my first experience on a property forum like this (as I only discovered it today!). But it's been really interesting to hear from so many different people about their stories etc. and I'll definitely trying to spend more time here. I want to be a property investor myself in the future so I'm just trying to gain knowledge before I jump into it. So much to learn . The goal is to have around 5 BTL's by the time I'm 30. Quite an ambitious goal I feel because I need to save up for the first one, which is going to be hard, but I'll get there. Here is my vague long term plan so far: Age 22-26: Save up enough to put down a deposit on first BTL. Also, carry on gaining knowledge of the industry and meet with some like-minded people. 26-28: Save up again and acquire a second BTL in this time. Age 30: Have 5 BTL's earning a good amount of passive income to increase my portfolio throughout my 30's. Thank you firstly for taking the time to read my first ever post on here! And I look forward to hearing from and getting to know some of you in the future.
  25. Hi guys Can anyone recommend a letting agent that operates in Sheffield and why? Further, if there are any to really steer clear of then why so? Would love any advice you can give and thanks in advance guys
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