Friday, 17 May 2013

BTL Portfolio: Closing Down - Everything Must Go

A portfolio of 25 BTL properties for sale in North London.  The landlord seems to be under pressure given the dramatic asking price cut of nearly 50%.

Using their income figure of £289k gives a yield of 5.8%.


  1. The previous valuation was pure fantasy.

  2. Thank you for sharing this shocking reduction!

    I suspect it is going to be one of many and was probably a "zombie" landlord who just couldn't keep things going.

    Plus, the original valuation was over-egged.

    It might possibly be one of those portfolios constructed in a "no money down" format, over egging the price to use the real discount achieved as the deposit.

    There are a lot of these toxic portfolios around, so there will be some real bargains to be had.

    1. Hi Vanessa,

      Thanks for commenting. That 'zombie landlord' thread is an eye-opener. There must be many people in this position. I wonder if benefit caps are having an effect here?

      Would be good to get other property tribers' views on this one.

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