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  • Buy-to-Let

    Investing/BTL in Blackpool!!

    Hello! On the verge of purchasing a good size, modern 1 bed in Blackpool. Can probably rent £400 a month. All good order - £45K. Half mile north of Blackpool North station (Sutherland Road/Hampstead Mews). 

    Can I get better elsewhere? Got jitters - keep looking at Middlesbrough close to Uni - similar property similar drawbacks similar price perhaps a bit more potential for Middlesbrough long term??? What do you think? Many thanks!!  
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    Hi Neil,

    Are you an experienced landlord and do you live close to these areas?

    The reason I ask is that these towns - imho - are not for the faint-hearted or inexperienced.  There is a high proportion of tenants in receipt of benefits and there are also a lot of social problems in these areas.

    I personally would not "invest" in either - but freely admit that I am very risk averse ...

    Related threads:  Is there massive opportunities in Blackpool? and BTL in Sunderland - any insights?

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    Yet another property lamb to the slaughter. You are obviously thinking Brexit is not going to happen. Well come october and no deal property prices will start there collapse.

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    Why are you worried about brexit people will still need houses to live in.
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    That's the common argument - however they have to be affordable just like rents. Too high and you get rent arrears ( increasing all the time) just like property too high and the prices come down.

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    I've spent some time in Middlesbrough researching and now I have I'd steer clear of student and very cheap properties. The right house in the right place could still work but I wouldn't aim for the cheapest available because of the problems I think you will get with tenants. Certain areas have potential but go and visit first!
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    You need to be a tattoo covered meathead to get rent from tenants in Blackpool. On the knuckles of one hand have the tattoo "pay" and the knuckles of the other hand have tattooed "rent".

    Seriously though. A real poop town unfortunately. Be careful.
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    Hello! You are certainly not selling it!  I would certainly welcome any alternatives you May suggest. Thank you
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    I think Vanessa's comment was spot on.
    Certain areas which have a reputation of social problems can be quite demanding, and not really suited for an inexperienced landlord, although the yield may look good, you could end up paying more with problematic tenants. However, being in the letting business can be like roulette sometimes, you get good and bad.
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    I'd say if you're in it for the long-haul you'll probably be alright, but there's no guarantees, and it won't be easy money

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