Quote:
Originally Posted by OneHungLo
What are the numbers? rents / expenses for each property / mortgage rates / tell us about the area...is the population growing / declining.
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They are exactly the same. Literally, exactly the same. hence my predicament. Both houses are within streets of each other. You could stand on either of the roofs and pretty much see the other one. The main difference is just that Robin Way is a new build on a fairly affluent new estate. Chudleigh Road is in a fairly affluent area.
The overall area is again, relatively affluent, mostly consisting of people who don't want to live in the main town nearby, Newton Abbot, and choose to live just outside, in Kingsteignton. That's also the same area as my other properties (Although I live 7 miles away in Teignmouth) and either of them will rent out straight away at over £900 per month. I already have a property management company standing by to handle the rental for me, so that's not a problem, and with the overall lack of 3 bedroom houses (of Quality) in the area, the idea of a four bed, will be snapped up straight away. Probably by someone that works in Exeter (Nearest City) and commutes 15 Miles up the Motorway each day for work...
So its really just down to the overall vibe / feel. The older property amongst other older properties, or the newer property on the newer estate. Both are exactly the same distance to the same schools, for both age groups and are the same distance from the shops / parks / bus routes / train station etc etc etc...
Interestingly enough, a couple of people so far have said Chudleigh Road, and thats what Im kinda thinking. That's the one that only came to market yesterday, and I had a viewing earlier today. I think I would have gone ahead with the Robin Way one, but now Im having seconds thoughts, hence this post...