Picking the cherry

A recent Hometrack survey shows that 373,000 property transactions have been stalled as a consequence of the current lockdown, worth about £82bn

Sow & Reap

Interesting times.  Currently, we are being fed information regarding something we cannot see or have a grip off.  Therefore, we are lapping up all we are fed.  Even the official narrative does not make sense, even within its own narrative.

Not so good news on our recent valuation of £1.5M, which we contested.  Though in truth we were expecting the valuer not to change their mind; if they did so it would mean in short, they do not know what they are doing.  And no professional...

We have recently managed to let 4 flats in our development of 6 flats.  The rental is at LHA rates, of £1,470 pm.   At 500 sq. ft. the flats are not very large.  However, as long as we meet the council’s minimum sq. ft. they are classified as...

There’s a site I was looking to visit outside of London, a 2 hour journey one way. It would take up most of the day just on the round trip. I booked the viewing under the assumption the large property could be converted easily and quickly under...

We just received a valuation report only for a portion of a building we purchased about a year ago.  The block was purchased for £1.2M, and consisted of 6 flats and a commercial unit.  The valuation came back at £1.5M, for the flats alone; valuing...

Currently, we are negotiating a deal in Central London; a block of flats on a prominent road.  The price is surprisingly cheap given the location.  The property is not freehold, but leasehold, and is above a commercial premises. 

We are looking at a small, very quirky property. The downstairs has a lease with a Blue Chip, but it is part of a larger premises spread across two other units, which are not for sale.  

Currently, we are toying with whether we should go with a bridging lender or a conventional lender for a particular deal. The rates between the two we are looking at are surprisingly close.

There was a deal done only last Friday, post auction, where the investor bagged a great bargain.  It was a detached freehold property, which had planning to convert into two flats.  It was supposed to be sold at the auction, but ended up unsold...



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