poppet2 Â Â 13 #1 Posted March 22, 2018 Has it really come to this now in London, but will it catch on? Could there be any serious repercussions selling a room in a house, or is it no different then selling a flat? Â http://auctions.savills.co.uk/Auctions/LotDetails?pid=2f746a2b-5600-45a1-b1b9-c58b796a42c9&us= Â Lot 144 Share this post Link to post Share on other sites Share this content via...
geared   303 #2 Posted March 22, 2018 Whats the legal pack for it like??  I'm not registering with them just to have a nosey Share this post Link to post Share on other sites Share this content via...
Matty82 Â Â 10 #3 Posted March 22, 2018 what happens when the house owner wants to sell the house, i'd imagine it would make it rather difficult. Share this post Link to post Share on other sites Share this content via...
Cyclecar   24 #4 Posted March 22, 2018 What happens when you want to go to the loo? How far to the nearest public conveniences? Share this post Link to post Share on other sites Share this content via...
Matty82 Â Â 10 #5 Posted March 22, 2018 What happens when you want to go to the loo? How far to the nearest public conveniences? Â oh, valid point, i didn't think of that. Share this post Link to post Share on other sites Share this content via...
poppet2 Â Â 13 #6 Posted March 22, 2018 What happens when you want to go to the loo? How far to the nearest public conveniences? Â Unless, it's a studio room, in which case a bathroom/en suite would be fitted in the room, plus cooking facilities. Share this post Link to post Share on other sites Share this content via...
Zinger549 Â Â 232 #7 Posted March 22, 2018 One would assume the house has been converted in to a HMO Share this post Link to post Share on other sites Share this content via...
poppet2   13 #8 Posted March 23, 2018 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. Share this post Link to post Share on other sites Share this content via...
truman   10 #9 Posted March 23, 2018 Regardless, one room sold for over £11k. That is just over one year's rental in London.  A good buy then? Share this post Link to post Share on other sites Share this content via...
geared   303 #10 Posted March 23, 2018 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. Share this post Link to post Share on other sites Share this content via...
cgksheff   44 #11 Posted March 23, 2018 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. Share this post Link to post Share on other sites Share this content via...
Cyclone   10 #12 Posted March 23, 2018 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. Share this post Link to post Share on other sites Share this content via...