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Unbelievable, Room for Sale!!

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Whats the legal pack for it like??

 

I'm not registering with them just to have a nosey

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what happens when the house owner wants to sell the house, i'd imagine it would make it rather difficult.

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What happens when you want to go to the loo? How far to the nearest public conveniences?

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What happens when you want to go to the loo? How far to the nearest public conveniences?

 

oh, valid point, i didn't think of that.

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What happens when you want to go to the loo? How far to the nearest public conveniences?

 

Unless, it's a studio room, in which case a bathroom/en suite would be fitted in the room, plus cooking facilities.

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One would assume the house has been converted in to a HMO

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One would assume the house has been converted in to a HMO

 

Regardless, one room sold for over £11k. That is just over one year's rental in London.

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Regardless, one room sold for over £11k. That is just over one year's rental in London.

 

A good buy then?

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A good buy then?

 

I was about to say the same thing. Chances are most young people will move into a shared house type situation when they first leave home anyway, this way you're doing the same thing but not paying rent.

This is what the bottom of the property ladder looks like and to be fair it's relatively affordable for most.

 

The smart move would be to buy that when you're young and first starting work, save up for a proper deposit over a few years and then buy a starter home in your mid-late 20's, selling the room on to the next person.

 

Otherwise you're throwing £11,000 a year away on rent and going no-where.

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The house has been converted into 6 separate flats for which there are separate titles plus this property which is listed on the title as a "Store Room".

Whilst it does encompass one full half of the first floor, one would assume that it is unlikely to have any plumbing etc.

It would be of greatest value to one of the existing Flat-Owners, especially the owner of Flat 3 on the other half of the first floor.

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Otherwise you're throwing £11,000 a year away on rent and going no-where.

 

Of course the 11k comes with interest attached unless you have it spare lying around. And presumably something similar to the maintenance fees you pay for owning a flat.

And the conveyancing costs of buying and selling.

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