5 Comments

  1. Mark Homer
    20th January 2012 @ 10:20 am

    I had another of our students in this week on VIP…. over £22k per flat demanded from a freeholder for lift maintenance and other jobs….. you guys really need to fight if you get bills like this.

  2. Sally Raymond
    20th January 2012 @ 11:26 am

    Great advice. Do you normally stay away from investing in flats then because of the ground rent, maintenance, leasehold charges?

  3. Rob
    20th January 2012 @ 12:11 pm

    Hey Sally. Flats can be great as often the right ones yield well. Older flats mostly have lower charges for ground rent and maintenance – often known as peppercorn [token]. Housing associations often keep charges very low.

    New builds are often backed by private developers who are more business focused, plus need to make up for thinning margins in development itself!

    It’s a bit like a letting agent – not a huge amount of money in the rental stream, often much more in high maintenance and repair charges.

    SO as long as these charges are low and we’re confident things won’t change dramatically, and the survey comes up OK, and they’re not too old, flats can be great.

    But only if…

    😉 Rob

  4. David
    20th January 2012 @ 3:23 pm

    When I bought a flat I didn’t really take into account what leasehold charges there could be, luckily at the moment there hasn’t been any. Fingers crossed it stays that way! You must take this into consideration when looking at the sums!

  5. Lucas
    24th November 2012 @ 12:21 pm

    Pat, I love your energy and cmmmitoent to our community. Thank you for coming out and supporting a community garden. My only goal is to get a garden in an acceptable location in Red Bank. As a horticulturist and a resident of Red Bank, I think there are least a few other acceptable options besides 94 Front and I personally see no harm in looking at other potential sites while the council remains dug in against us on this particular site. In fact, I believe looking at a site like the middle school brings the idea of gardening, sustainability, and community to our town’s children and their parents. A garden there would promote diversity, learning, and togetherness on a level playing field for all in our town. Thank you again for coming out to support us!

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