All 'i cunt a4d' BS aside, help me choose my next rental property....
 

Like I said, all BS aside, I was going to purchase one of these properties for my portfolio, then the other one came to market, and now I'm not sure... So who better to ask than GFY as I don't have any real friends in real life :(

https://media.rightmove.co.uk/200k/1...MG_01_0000.jpg

https://www.rightmove.co.uk/properties/85976395#/

Chudleigh Road ?

or...

https://media.rightmove.co.uk/200k/1...MG_01_0000.jpg

https://www.rightmove.co.uk/properties/83636314#/

Robin Way ?

Both Properties are within a stones throw of each other, and are exactly the same price.

Chudleigh Road was built in 1935, but has recently been modernized and brought up to spec, and Robin Way was built in 2015 and is pretty much the same now as it was then.

So, you are not gonna live there yourself, and are buying solely as an investment, to be rented out, and possibly sold in 20 / 30 years time... Which would YOU go for?

OR, EDITED TO ADD A BETTER QUESTION: If you were going to RENT one of these properties, which one would you RENT? After all, that's the reason Im getting one. To rent them out :)

If you don't want to poost reasons, just vote. Thanks in advance. I just wanna get a wider perspective on it... They are so similar, yet so different... :( :helpme

You should watch tv show "home and away", they feature houses like that very often, so it could give you an idea.

What are the numbers? rents / expenses for each property / mortgage rates / tell us about the area...is the population growing / declining.

Chudleigh seems to have an open layout and more usable common space.

Chudleigh is pimp..

:2 cents:

#

i would pick the one that had nicer finishes a nicer job done remodeling it if they are about the same and in same area.

Robin way.
- The other house was built in 1935, and i'm sure not EVERYTHING was replaced. There's still old shit in there somewhere.
- When you are selling in 20-30 years, that 1935 house will be over 100 years old. I wouldn't buy a 100 year old house.

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...

What are the landlord laws like where you live? Is it hard to get tenants out for failure to pay rent? Reason why I ask is, I personally stay away from single family type rentals because if you get deadbeat in there they can be somewhat difficult to remove due to the laws in my state where I live. So if you have a 2 or 3 family rental, if one burns you you still have the 2 other rentals to cover your expenses.

So, if you have multifamily properties with multi units to rent, I would look into those.

The first place has a more open floor plans better light

Landlord rules are really good tbh. My people that deal with it for me are really good. Deal is, they take 10% but handle EVERYTHING. I know when I posted about it before people didn't believe me, but for that 10% they handle absolutely everything and have insurance against any problems that may occur.

So if someone stopped paying, I would still get my rent paid by the insurance etc, and if legal action was needed to evict, that would all be handled and paid for by them. Basically, you agree to let them deal with absolutely everything, and in return, you are guaranteed your rent every month, regardless of what is or isn't actually happening at the property. Likewise if they cause damage to the property, that's covered by the agents insurance too.

So in other words, I don't have any worries about knowing Im gonna get my money each month :)

One is sold, so you don't have 2 options anymore.

Its 'Sold' because that's the one that I have under offer. The Chudleigh one only came on the market yesterday. Hence my indecision...

Haven't spent much time in the UK have you :upsidedow

1st def Chudleigh-on-the-Wold

What English names! After buying one, be sure to have chops and sauce with the Prime Minister on Boxing Day.

2nd - shocked by the above - they charge 15% here and don't do half that

First one ...its clear open space ...the second one look like old house with good mask

$900 a month is a little over $10k a year...AND is that even net? I mean, do you have property taxes or any other expenses? Even if that is net, you're getting like 2% on your money ..so unless you plan on some serious appreciation then you'd be better off investing your money into CD or something bro.

Owning real estate isn't some passive biz..even with a property manager. Trust me, you need to babysit them too.

This does not sound like a good investment to me.

For once, I have to agree .

When I buy rental properties , I have a simple excel spreadsheet where I enter all that data ....
The bottom line tells me what to buy ....

I remember one agent telling me how it had a beautifull salt pool ..... I do not want a fucking pool , I won't live there !!!!!

Taxes? Upkeep of the house if an older home? Plumber and electrician reasonable?

The courts here side with the renters. I lost four months rent and lawyer fees after they told the judge magistrate that they had lost their jobs. Twenty years ago but it still bothers me.

Do you have a property manager for the handling of matters? You have to weigh the cost of yearly upkeep and taxes versus the monthly income.

You can always toss a coin.

Yeah I think currently poo poo is emotionally invested here. This is a terrible investment.

I'm not a good one to ask. I live rural and love it.

and slightly more character and privacy...

:thumbsup

or have 100k spare and enjoy a pool, plenty of land & views...

https://www.spainhouses.net/en/villa...a-3613614.html

https://www.spainhouses.net/en/villa...e-3398324.html


old or new build?

Not only would I not buy that place, I would sell your current home, invest the proceeds in the market, and rent.

I'd get the newer one, stuff always fucks up on older houses, even if they were well renovated.

You are obviously going to do it how you hwve it in your own head, and I doubt any of us will actually sway you..

But purchasing a new construction home was the best thing I ever did. Everything just works.

Actually CS I should come live in England for a year. I never have and I've always wanted to. Then I looked at rents in Mayfair - 16,000GBP/MONTH for a 3bdr that's like Manhattan 2019. For 200K a year I'll buy my own damn house.

Chudleigh might technically be older, but the remodel looks much more current and upscale. I don't know the tastes of renters where you are, but I do real estate in the Vegas area and a place with those colors, fixtures, style of construction, backyard, usable space, etc. would likely rent for substantially more than the Robin property, all things otherwise being equal.

Mayfair essentially is Manhattan. There are other parts of London, and the rest of the country to look at too...

Everybody says Mayfair is the best - where do you suggest?

Chudleigh Road looks definitely nicer on the inside

other than that i am not a fan of real estate investment - my family used to own 2 buildings with 20 flats and it was a regular nightmare.

Will they be the exact same rental price?
Do they both have an equal number of bedrooms, garages, bathrooms, conservatories?
Does one have an extra office, gym or anything?
Is the area better in one than the other?

If you really can't decide and it's purely on looks I would go for Chudleigh Road.

EDIT: I had to remove your links because this website won't let me post links (even replies) until 30 posts.

Thanks everyone - I closed on Chudleigh today. Received keys around midday.

I'm not trying to 'Show Off' by posting, but just letting everyone who said Chudleigh, thanks - I listened to you :)

first let me say 'property is cheap as fuck where you live' do not get the 1 bath be my idea

For me personally I would take the second one. but that's based only on seeing the outside.

Congrats

Here you'd have already lost both of them, in the time this discussion took place. Something comes on the market and it's got offers over asking almost immediately.

no shit? :winkwink:

congrats!

Congratulations, may it bring you happiness

I'd choose Robin Way. Aside from being newer and what most of the posters above mentioned, it's just more home-ey. If I was choosing between the two for rent, I'd rent that. The other place has a feel of an office.

Same here