BluKoo
Member
Registered: 8th Apr 02
Location: Stonehaven (Scotland)
User status: Offline
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£65k is the cheapest i've seen around here and it's a studio flat so living room and bedroom combined. It looks nice, but that's only because it's just been refitted after being flooded.
It's next to a river which bursts it's banks a lot so only a fool would buy somewhere like that 
http://www-s.aspc.co.uk/cgi-bin/public/LiveProperty/288502?ID=FGLJKHMB#picture
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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Try Workington, Whitehaven and Maryport. They are probably as cheap. Proper inbred territory over there
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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quote:
Originally posted by Robin
I've been to worse places, saying that I've never spent a lot of time there.
I had a brand new Audi A3 S-line at the time and to be fair it didn't get damaged even though it was left out in the street every night. I couldn't go out round town drinking though as people would kick off at anyone that wasn't from round there 
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3CorsaMeal
Member
Registered: 11th Apr 02
User status: Offline
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Must be minted to be driving an S-line Audi 
Only ever hear of them around here, no one has seen one.
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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Ok.
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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quote:
Originally posted by LiVe LeE
is one on a BTL mortgage and one a domestic/private Mortgage Matt?
Yup, just been looking at another BTL too
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BluKoo
Member
Registered: 8th Apr 02
Location: Stonehaven (Scotland)
User status: Offline
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I assume in the BTL the rent basically pays for the mortgage. Or do you still have to contribute a small amount?
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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Both my and my missus' BTL mortgages are interest only. The rental return is approximately 4x the interest. When tenants are in the flats, we overpay our mortgages to pay off the capital. If they're not rented, then we use the contingency amount saved to one side and as of now, we haven't had to use any of or own funds to pay for anything bar the initial deposits and initial maintenance. Since first renting, they've not impacted on our personal incomes at all including maintenance, mortgage or tax.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by spencer88
Flat in Newquay this week for sale, small bedroom, front room and kitchen area. £60k cheapest I have ever seen down here.
you make it sound like that's expensive 
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spencer88
Member
Registered: 6th Oct 08
Location: cornwall
User status: Offline
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quote:
Originally posted by Ben G
quote:
Originally posted by spencer88
Flat in Newquay this week for sale, small bedroom, front room and kitchen area. £60k cheapest I have ever seen down here.
you make it sound like that's expensive
If you want slightly more expensive, head to Truro!
http://www.primelocation.com/for-sale/details/16430486?search_identifier=5fc647670e42e17417d85ccd405fa896
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