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The Property Podcast

ASK454: How do I establish a property's value? PLUS: Should I rent as social housing?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 12 November 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Join us for this week’s Ask Rob & Rob as they answer two more listener questions…   (0:41) Shenton’s looking for the best way to conduct thorough due diligence to get a precise property valuation. With tools like Zoopla often giving broad estimates and limited data on comparable deals, he turns to Rob & Rob for their top tips.  (5:15) Chris has been offered the chance to rent his buy-to-let property through social housing, with a five-year guaranteed yield, annual rent increases, and full property maintenance. He’s wondering if this is a smart move or if it’s too good to be true – what will the guys say?  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  Send us your question by calling us on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply) or click here to leave a recording via your computer instead.  Find out more about Property Hub Invest

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.

0:06.7

Welcome to Ask Rob and Rob. It's the show where we answer your property questions. And the show,

0:11.7

of course, starts with you. So we like to make it really simple for you to send your questions our way.

0:16.2

We do head over to property hub.net forward slash ask. That's property hub.com.com.

0:22.1

There, you can leave us a message. You can call us and leave a voicemail if you prefer.

0:29.2

Or if you want to write in with your question, we have our wonderful column in the Sunday Times, each and every Sunday in the home section.

0:36.4

So if you want to get your question in that way,

0:38.0

you can as well. So let's listen to our first question in from Shenton. Hi, Rob and Rob. This is Shenton.

0:44.0

I'm new to your channel and I just want to thank you for creating such great contents on the

0:48.4

broadcast. They are very educational and thoughtful Kim. I'm keen to hear your thoughts on enhancing the accuracy

0:55.0

of property valuation during due diligence, especially in the context of the current silent

1:00.7

crash in the market. I'm aware of resources like supla that can provide estimated value,

1:06.2

but I often find that the ranges are quite broad. I usually rely on the tactics of referencing

1:11.8

the selling and sold prices from nearby properties, but the data sets are frequently limited.

1:17.6

As a result, I sometimes struggle to determine the true value of a certain property, especially if we

1:22.8

need to take the revert cost into account. But this is critical as it has direct impacts on not just

1:28.6

the gain, but the mortgage as well. So my question is, what are your tips for conducting

1:34.1

a thorough due diligence to obtain a more precise value of a property, especially in areas

1:40.8

like Manchester, vegan and Liverpool? I look forward to hearing from you and thank you so much.

1:46.9

Thank you, Shenzhen. Great question. Let's give you some guidance. The great news is it's easier

1:54.0

than you think. There's no magic to this. It's just a common sense approach. But unless you've got

2:00.6

the confidence to know that's the

...

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