What to do

[Bill the Bass]

Got a tenant most likely going to give notice on a house, is this a good time to shift it on or just re-let it?

 

[kfpben]

May be an idea to see who wins the election. I wouldn’t want tenants in a property if a full blooded Labour government come to power.

 

[Still Farming]

Got a tenant most likely going to give notice on a house, is this a good time to shift it on or just re-let it?

Depends if you need money or not?

 

[Gordy1]

Houses not shifting very fast in our area, reckon you should hold tight awhile to see how things pan out, have a look on Rightmove to see how long equivalent houses are taking.

 

[Bill the Bass]

May be an idea to see who wins the election. I wouldn’t want tenants in a property if a full blooded Labour government come to power.

That has been in my mind for a little while now

 

[Bill the Bass]

Houses not shifting very fast in our area, reckon you should hold tight awhile to see how things pan out, have a look on Rightmove to see how long equivalent houses are taking.

Definitely slowing down here for sales, rents are fairly static but there is demand and the property won’t need much work, it has an EPC cert and is compliant. I am minded to re-let again.

 

[Mur Huwcun]

Definitely slowing down here for sales, rents are fairly static but there is demand and the property won’t need much work, it has an EPC cert and is compliant. I am minded to re-let again.

If it’s been on a relatively easy let and your area is not too bad to find decent tenants then I’d re let it. We’ve got a terraced house locally that’s been a bit if bother and are now on third set of tenants in 14 months!!

 

[Gordy1]

You could always let it on a 6 month Contract then on a monthly rollover until the market picks up.

 

[Lincsman]

You could always let it on a 6 month Contract then on a monthly rollover until the market picks up.

Thats the normal system now, demand for 3 bed houses around here outstrips supply fourfold, way cheaper to buy if you have a deposit.

 

[beck3006]

What yield (rental as a % of capital value) are you looking at, approximately? Development potential?

 

[icanshootwell]

If it’s been on a relatively easy let and your area is not too bad to find decent tenants then I’d re let it. We’ve got a terraced house locally that’s been a bit if bother and are now on third set of tenants in 14 months!!

It goes like that sometimes, then you get some one that stays for 8 years and keeps the place tidy. Its a good job then. What winds me up is when the property is vacant you have to pay council tax, its loose loose then.

 

[Hfd Cattle]

Hang on to it and re-let . I personally can't see comrade Corbyn being able to implement half he says about property . A large portion of his own MPs are substantial proprty/ landowners and they won't support it . A lot of his twaddle is 'vote winning' tripe that appeals to a certain type of voter . If elected he will back track on most of it.

 

[ewald]

What is its epc rating?

I know a few landlords that have been disposing of older properties and buying modern (or even new builds) because they are concerned about epc requirements being made more rigorous in the future. (Currently 'E' to be lettable, rumoured to be heading to 'C' over the next decade - this is very difficult to attain with any solid walled house)

 

[Cowabunga]

What with all the new homes being built and immigrants going home as a trend, plus a static or slowly shrinking birth rate below the number needed to maintain the population, I'd be minded to sell. Around here, and bearing in mind we are way behind home-counties prices, houses are shifting quite rapidly and for relatively high prices currently.

It certainly depends on your location. There are pockets where ridiculous rents can be paid, but others where the DSS is the main contributor.