Page 7 of 7 FirstFirst 1234567
Results 151 to 153 of 153
  1. #151
    Newbie

    Join Date
    Jul 2012
    Last Online
    09-12-2018 @ 01:56 AM
    Location
    Sunderland, UK
    Posts
    18
    Quote Originally Posted by slimboyfat View Post
    The north east is still pretty much a mystery to me though (I am from the south west) so I would struggle to know the right places etc. Probably using a property sourcing company would be the answer - if I could find one that was trustworthy!

    The rental yields do sound good though. I'm just about getting a 5% yield on the terraced house I bought in Plymouth - and that cost GBP 170k - ofcourse bought with a buy to let (expat) mortgage.
    I would just contact local estate agents. The last people that viewed my property were investors organised through my agent , an English couple living in France. They came over to view several in the area but had also never been to Sunderland.

    I also had a hand written letter through this week. It was from another "investor" based in Sheffield. They were offering 41k for mine (without viewing) which is currently on at offers over 55k originally dropped from 70k. Just shows what crazy prices even the decent terraces are going for. Honestly can't see the prices going any lower, Brexit or no Brexit!

    We've now decided to stay put for a while. I've started overpaying my mortgage, not by a considerable amount. But I wish I'd started sooner. If I can maintain my current overpayment my mortgage term will drop from the existing 23 years to 11 years and will save me 21k on interest. It's nuts! Theoretically I could be mortgage free in 10 years before I'm 50. I guess we could possibly then get another mortgage & buy a second house before I retire which would then leave us with 2x homes in the UK to rent out and supplement a possible retirement in Thailand in the future. Thats my (very) rough retirement plan anyway

  2. #152
    Part time poster
    slimboyfat's Avatar
    Join Date
    Jun 2006
    Last Online
    Yesterday @ 11:11 AM
    Location
    Singapore / Kanchanaburi
    Posts
    9,361
    Quote Originally Posted by toddmeister View Post
    I would just contact local estate agents. The last people that viewed my property were investors organised through my agent , an English couple living in France. They came over to view several in the area but had also never been to Sunderland.

    I also had a hand written letter through this week. It was from another "investor" based in Sheffield. They were offering 41k for mine (without viewing) which is currently on at offers over 55k originally dropped from 70k. Just shows what crazy prices even the decent terraces are going for. Honestly can't see the prices going any lower, Brexit or no Brexit!

    We've now decided to stay put for a while. I've started overpaying my mortgage, not by a considerable amount. But I wish I'd started sooner. If I can maintain my current overpayment my mortgage term will drop from the existing 23 years to 11 years and will save me 21k on interest. It's nuts! Theoretically I could be mortgage free in 10 years before I'm 50. I guess we could possibly then get another mortgage & buy a second house before I retire which would then leave us with 2x homes in the UK to rent out and supplement a possible retirement in Thailand in the future. Thats my (very) rough retirement plan anyway
    I'm not a complete stranger to Sunderland. The marine services company I used to work for had an office there and I spent almost a month there on induction training in 2010-ish. They put me up in a flat in a block near the Winter Gardens and opposite a Wetherspoons. Imagine the joy of living opposite a Wetherspoons when I was used to 10+ quid a pint here in Singapore. I may even have sung a karaoke song in Sinatras on one or two evenings. Happy days.

  3. #153
    Newbie

    Join Date
    Jul 2012
    Last Online
    09-12-2018 @ 01:56 AM
    Location
    Sunderland, UK
    Posts
    18
    Good god I hope your view of Sunderland wasn't entirely based on those two establishments!!

Page 7 of 7 FirstFirst 1234567

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •