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Author My house project thread - renovation/development advice needed
Carl
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Registered: 9th May 04
Location: Jimmy Bennett's la la land.
User status: Offline
28th Jul 13 at 22:03   View User's Profile U2U Member Reply With Quote

Decided it isn't worth it, going to do it up a bit but keeping costs down and save the money towards deposit of the next house.
Carl
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Registered: 9th May 04
Location: Jimmy Bennett's la la land.
User status: Offline
13th Oct 14 at 16:13   View User's Profile U2U Member Reply With Quote

Well it has served it's purpose now

http://www.rightmove.co.uk/property-for-sale/property-48216401.html

Anyone want to buy it?!
VegasPhil
Premium Member

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Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
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13th Oct 14 at 17:34   View Garage View User's Profile U2U Member Reply With Quote

How much would it rent out for? Cracking house for the money.


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Ben G
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Registered: 12th Jan 07
Location: Essex
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13th Oct 14 at 17:54   View User's Profile U2U Member Reply With Quote

That's a nicely decorated house. Is that the normal price for properties in your area?
Carl
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Registered: 9th May 04
Location: Jimmy Bennett's la la land.
User status: Offline
13th Oct 14 at 21:45   View User's Profile U2U Member Reply With Quote

It'd rent out for about 400 a month I think, ideally I'd keep and rent out, mortgage is 300 a month at minute and complete in 16 year, it's just we'd have no equity to get a new one, shame really as roof newish and boiler less than a year old. Did think about trying to save like mad but don't want to sacrifice a year or so of our lives!

Yeah Ben, 20 miles from Leeds, 20 mile from Sheffield, near a train station and m1 junction if you fancy moving?! If you move to some of the shitter places in Barnsley you can get a 4 bed detatched for as little as 150-160k, it s nuts.
Carl
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Registered: 9th May 04
Location: Jimmy Bennett's la la land.
User status: Offline
25th Oct 14 at 11:55   View User's Profile U2U Member Reply With Quote

Sold. got 75k for it. bought a new one.

http://www.rightmove.co.uk/property-for-sale/property-32620473.html?premiumA=true

Waiting for it to get sorted, bit of confusion through as we saw the one we wanted to buy before selling ours, initial offer was cash through parents, now we've sold ours we are looking at asking to change. The purchaser of ours is a cash buyer and also the property we are buying haven't found a place yet and we said we'd give them time to do this so hopefully they'll compromise when we tell them about our new circumstances!

If not does anyone know if there is a way around it? as in will it be double stamp duty etc if we are to follow original plan.
baza31
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Registered: 19th Apr 03
Location: yorkshire
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25th Oct 14 at 17:21   View User's Profile U2U Member Reply With Quote

That's spot on is that but living room is far too small/wierd shaped .

You will have to pay stamp duty either way . It's your second house doesn't make a difference if it's cash or not
baza31
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Registered: 19th Apr 03
Location: yorkshire
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25th Oct 14 at 17:25   View User's Profile U2U Member Reply With Quote

Or do you mean your parents buy for cash then you buy off them? This would be crazy as you would pay double fees for everything . Can't they just put a charge on the house
VegasPhil
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Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
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25th Oct 14 at 17:44   View Garage View User's Profile U2U Member Reply With Quote

Just tellthe sellers the situation and get the mortgage val booked ASAP. They might be a bit pissed off that they had a "cash buyer" and now there is a mortgage and chain but it wouldn't bother me personally.


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Ben G
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Registered: 12th Jan 07
Location: Essex
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25th Oct 14 at 22:26   View User's Profile U2U Member Reply With Quote

We now have the same living room wallpaper
Carl
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Registered: 9th May 04
Location: Jimmy Bennett's la la land.
User status: Offline
28th Oct 14 at 10:07   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by baza31
That's spot on is that but living room is far too small/wierd shaped .

You will have to pay stamp duty either way . It's your second house doesn't make a difference if it's cash or not


It's not as narrow as it looks, I was worried before viewing but it's sound.Garage is class which is main thing I am bothered about!

Yeah we are Phil, booked a viewing today so will tell them,
Carl
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Registered: 9th May 04
Location: Jimmy Bennett's la la land.
User status: Offline
28th Oct 14 at 10:08   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by baza31
Or do you mean your parents buy for cash then you buy off them? This would be crazy as you would pay double fees for everything . Can't they just put a charge on the house


What's a charge? Hopefully won't be issue when we talk to them today.
Carl
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Registered: 9th May 04
Location: Jimmy Bennett's la la land.
User status: Offline
28th Oct 14 at 18:36   View User's Profile U2U Member Reply With Quote

All sorted, she didn't bat an eyelid, good to go!

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