Ray7878:


Nah. I would rather move to Spain then.

Thanks for this. The bolded seems to be the most likely but how do I find out if there’s any major redevelopment plan by the council. To add salt to injury, this is the history of other flats in the area. No be juju be this

Ralphlauren:


I have attached the price history of my buy to let property.

I'm the second owner. The first owner bought the flat brand new and I guess the property was overpriced/over valued as at 2007. New builds are notoriously overpriced, hence why those looking to achieve the best returns in property investment avoid them.

Today, that same flat and others in the block have an open market value of at least 160k and those that have sold their flats recently achieved way above that figure.

I haven't spent a penny on any home improvement apart from painting the walls when a new tenant moves in (I'm blessed to have had 2 longterm tenants in the last 6+years) and changing the original carpets which were off white in colour.

My advice - do your research carefully, read the home/valuation report, read about the history of the area, find out if the area is notorious for crime (anti social behavior, vandalism,etc) and find out if the council is planning any redevelopment or rejuvenation around the area (e.g. demolishing houses in that area to build modern properties,etc)

Ray7878:


Nah. I would rather move to Spain then.

Costa del Sol, Malaga or Benalmádena....... Are you driving or flying..........

[quote author=sharone21 post=111546250]Hi. Please, is there anything like an exchange or individual who can accept transfer of Naira to his/her bank account and give pounds in exchange?[/quote
M
I can do this

Ralphlauren:


I have attached the price history of my buy to let property.

I'm the second owner. The first owner bought the flat brand new and I guess the property was overpriced/over valued as at 2007. New builds are notoriously overpriced, hence why those looking to achieve the best returns in property investment avoid them.

Today, that same flat and others in the block have an open market value of at least 160k and those that have sold their flats recently achieved way above that figure.

I haven't spent a penny on any home improvement apart from painting the walls when a new tenant moves in (I'm blessed to have had 2 longterm tenants in the last 6+years) and changing the original carpets which were off white in colour.

My advice - do your research carefully, read the home/valuation report, read about the history of the area, find out if the area is notorious for crime (anti social behavior, vandalism,etc) and find out if the council is planning any redevelopment or rejuvenation around the area (e.g. demolishing houses in that area to build modern properties,etc)

I know someone who bought a house offplan last year. The house has not been completed but value has appreciated 40k almost 20% value appreciation.

Ralphlauren:


I have attached the price history of my buy to let property.

I'm the second owner. The first owner bought the flat brand new and I guess the property was overpriced/over valued as at 2007. New builds are notoriously overpriced, hence why those looking to achieve the best returns in property investment avoid them.

You make a very valid point. New builds especially flats that are located outside the SE and London lose value very very quickly and takes forever to catch up. Works well for OO but is absolutely useless for BTL (as a new build I mean).

@omopapa although 99 years seems long, in 10 years time it would be practically unmortgageable unless the lease is extended which costs a pretty penny and 10 years is not a very long time at all. Plus most people can easily get a 2/3 bedroom house for that amount in Wolves which majority will prefer. Why are you considering an apartment?

Ralphlauren:


I have attached the price history of my buy to let property.

I'm the second owner. The first owner bought the flat brand new and I guess the property was overpriced/over valued as at 2007. New builds are notoriously overpriced, hence why those looking to achieve the best returns in property investment avoid them.

Today, that same flat and others in the block have an open market value of at least 160k and those that have sold their flats recently achieved way above that figure.

I haven't spent a penny on any home improvement apart from painting the walls when a new tenant moves in (I'm blessed to have had 2 longterm tenants in the last 6+years) and changing the original carpets which were off white in colour.

My advice - do your research carefully, read the home/valuation report, read about the history of the area, find out if the area is notorious for crime (anti social behavior, vandalism,etc) and find out if the council is planning any redevelopment or rejuvenation around the area (e.g. demolishing houses in that area to build modern properties,etc)

I wish someone can just state one or two post code that is good for BLT for lazy people who don't have power for plenty research . ....

LagosismyHome:


I wish someone can just state one or two post code that is good for BLT for lazy people who don't have power for plenty research . ....

SW1V 1RB ........


Close to train station, university town etc etc, would always have tenants trooping .........

I believe all post codes are good....... A terrible post code, would mean lower rents = lower mortgage...... Slower property appreciation, but buy with a long term view.........

It all depends on budgets........

Seems it’s been long you checked the property price in wolves I think the HS2 project and maybe the football club has surprisingly affected the property values in wolves recently. Only considering that particular one Cus I knw couple of friends that stay in the block and it is strategically located, with very good transport link. Also, it will interest you to know that the rent is going up while the mortgage is going down which makes it a BTL property with a potential good return

Ticha:


You make a very valid point. New builds especially flats that are located outside the SE and London lose value very very quickly and takes forever to catch up. Works well for OO but is absolutely useless for BTL (as a new build I mean).

@omopapa although 99 years seems long, in 10 years time it would be practically unmortgageable unless the lease is extended which costs a pretty penny and 10 years is not a very long time at all. Plus most people can easily get a 2/3 bedroom house for that amount in Wolves which majority will prefer. Why are you considering an apartment?

justwise:


its not about having money, security issue is the biggest prob.

Please tell them. Nigeria is a country where nobody is safe... kidnapping, money rituals, stealing, killings etc.

And talking about slavery, are we not being enslaved in our country as well... make I no even start... Better to be a slave in a sane country than to be a slave in a country where you can just die anytime, even when walking jejely on the road.

omopapa:
Seems it’s been long you checked the property price in wolves I think the HS2 project and maybe the football club has surprisingly affected the property values in wolves recently. Only considering that particular one Cus I knw couple of friends that stay in the block and it is strategically located, with very good transport link. Also, it will interest you to know that the rent is going up while the mortgage is going down which makes it a BTL property with a potential good return

I completely forgot HS2! I still think houses are better than flats outside the SE unless they're conversions. Even if the mortgage is decreasing, if the property value is not going up then you lose the power of leverage which is the greatest wealth builder in property

LagosismyHome:


I wish someone can just state one or two post code that is good for BLT for lazy people who don't have power for plenty research . ....

You can't afford to not do research o! One bad property investment will set you back seriously. People have different risk appetite's and it's easier to be risky with other people's money.

Even if you'll hand it to an agent, the buck stops with the property owner. Agents can be very very unscrupulous as well. There is no comeback apart from a civil case against them either. Our first agent would refund money to the tenant for any complaint. Then bill us for admin services. Turned out she was his friend's daughter in law. Her husband bin don run follow another woman, leave her with the children. As far as he was concerned, we lived in London and had money. We didn't live in London fa - husbot just worked in London. We were ourselves renting and luckily because we had built good equity and were on a repayment mortgage, we could absorb some of those initial costs. We removed her and re-tenanted with me managing it myself.

It now takes an average of 14 months from serving notice to successfully evicting a tenant if they don't want to leave. They can also not pay rent that whole 14 months. Then it was a max 2 months to remove a tenant.

Once you successfully set the first one up, it's easy to replicate. It's like rearing children. The first one is the hardest - no blueprint. The rest just fall in line once they arrive

So you don’t fall victim when renting or buying a house
https://www.express.co.uk/finance/personalfinance/1590551/scam-fraud-rent-flat-property-victim

Lexusgs430:


Costa del Sol, Malaga or Benalmádena....... Are you driving or flying..........

Boat?

humblemoi:


Please see the building and inside the house or apartment before attempting to pay o.
Scammers are getting wiser..

Wow.... wahala dey o.. Thank you

Congressman101

Sent a PM about Anywhereworks

Kindly respond when you have a moment

rinzylee:
Please who stays in North Walsham here? Been trying to get an apartment from Nigeria. Please can anyone help??

Why not look for your school's group on telegram

Talk to someone who's already on ground and have them inspect apartments for you

If possible, they can pay the deposit for you and then you'll refund them when you land

Helped some people this way and one even brought dried fish for me as appreciation

hustla:


Why not look for your school's group on telegram

Talk to someone who's already on ground and have them inspect apartments for you

If possible, they can pay the deposit for you and then you'll refund them when you land

Helped some people this way and one even brought dried fish for me as appreciation

Thank you for the suggestion but I'm not a student. Thank you all the same

Ray7878:


Boat?

Not helicopter......

Lexusgs430:



Not helicopter......

Ah too much money na!!!

justwise:


Alot of people think mods have some whatsapp group or communicate outside here....maybe others do but i don't.

I don't have anybody's number or communicate

Begs the question of how you got this job .

Dud you do interview? Don't you have a direct connection to your oga at the top?

LagosismyHome:


I wish someone can just state one or two post code that is good for BLT for lazy people who don't have power for plenty research . ....

Doncaster seems to be the new place investors are investing in.

This thread feels like school. You miss sometime and you have lots of materials to cover. Feels good to be back.

Thanks bluetherapy for the welcome laff. That your question to justwise throw big smile to my face.

Any nairalander living or have once lived in Devon or its surroundings. Having lived in Manchester for about 7 months, Job is making me relocate to Devon. I have read about the place online but hearing about the area from a nairalander won't be a bad idea either

imagine him getting suspended for that question

Chreze:
This thread feels like school. You miss sometime and you have lots of materials to cover. Feels good to be back.

Thanks bluetherapy for the welcome laff. That your question to justwise throw big smile to my face.

omopapa:
imagine him getting suspended for that question

You really don't know me ..i'm 100% sure of that

Bluetherapy:

Begs the question of how you got this job .

Dud you do interview? Don't you have a direct connection to your oga at the top?

1. This is not a job, its a voluntary service

2. I was voted to moderate the section, thosedays to be a mod nairalanders have to vote for you, couple of potential mods will be selected and voted for, one with highest vote becomes a mod.

3. I don't have direct contact to Seun and i don't think any mod does, we contact him the same way other nairalanders do.

rinzylee:


Thank you for the suggestion but I'm not a student. Thank you all the same

Oh alright

Biko i have a question. Someone told me today that those who work in care home can apply for refund of their IHS, how true is that? Does that include those in care working at Supported Living ? Or exclusive to care homes and hospitals

Anyone that can help with contacts of man and van for house moving. Thanks

mex551:
Biko i have a question. Someone told me today that those who work in care home can apply for refund of their IHS, how true is that? Does that include those in care working at Supported Living ? Or exclusive to care homes and hospitals

I saw that too on gov Uk. But I can’t remember the link. I think the applicant can reclaim their IHS funds back.