Dear Diary #3: I Think I Found The Right BTL Investment – But Did I?

Buying The Right BTL Property

Dear Diary,

It’s me again!

Right, so last week I started house shopping with my Estate Agent Stuart, but sadly none of them managed to tick all the boxes, which meant getting back on the hunt was imminent.

Don’t get me wrong, I’m not particularly surprised, because I didn’t expect to hit the bullseye on my first attempt. Although, it would have been nice. I’m not really a fan of trampling through other people’s homes while they’re sitting in the living room, with one eye on the TV, the other on me.

In any case, the show must go on.

Today I went and viewed uncomfortably trampled through another three properties. Again, all of which were 2 bedroom terraces, in exactly the same location as the previous four I viewed, and they were all with budget (£165k).

I think we may have found a winner…

I saw a property I liked…

I think this is it.

I think I found her!

Obviously, I didn’t make my feelings transparent to Stuart, my Estate Agent, or the vendor, this ain’t my first rodeo!

But it is!

Okay, but I’ve watched enough movies and property TV shows to know that a poker-face is a proven and legitimate tactic when it comes to the art of negotiating.

Not sure if I mastered it though, I could have across as a squirmish while trying to hold back my excitement, but hopefully they just presumed I was constipated.

The makings of my perfect BTL Investment…

The property seemed ideal for various reasons, and also came with a few nice extras which I wasn’t necessarily looking for:

  • Two very well sized bedrooms, each suitable for two adults (the other properties I looked at had one master bedroom and a second box room)
  • It’s an end of terrace with potential room for expansion on the side, which gives it a nice edge over the other properties on the same street.
  • The property is tucked away in the corner of a cul-de-sac, so it’s quite private.
  • Two allocated parking spaces
  • Good sized back garden
  • The condition seemed to be in good condition and was almost “rent-ready”

The asking price is £164k.

I might try my luck with £155k, after all, it is the ass-end of the buying season (November).

Wish me luck!

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