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Would have thought it would be harder to get someone to let out a room in a flat vs a house.
Have you considered south of the river?
danb-
@danb don't think it'd make much difference. Rental market is mad (100 messages in one morning of a spare room in our house being online). I work out in filton, like being close to st w, Easton, Montpelier, redland, Clifton and like being close to the motorway
Maybe I should thought before pulling the trigger. Southville and bedminster are you thinking?
bobble
Bristol folk.. Had an epiphany at the weekend and it is not worth 370 to live in a 2 bed house in Easton for example this one where 370 is what you'd need to get it. Was also next door to a not very well maintained house (bay falling down) with about 7 people living there.
Have a bit of my deposit in a lifetime ISA so artificially capped at 450, though could go above that for the right place. I think 450 is a sweetspot for me. Buying on a Joint Mortgage Sole Proprietor basis for a number of reasons and due to my dad's age, has to be interest only (vs 10 year term on a repayment) until I can take it on myself in 3-4 years. 70% LTV at 1.7% interest quoted gives a monthly of £475 + maybe £300 bills = £775, vs the £600 I pay to rent a room in a sketchy HMO currently. If I rent the room to a mate for £500 (could do more for a non-mate), will be at £225 net cost + hopefully capital appreciation. Any flaws in doing this for say 4 years, as long as I am diligent in saving (which I will be) in an ISA on what I would be repaying + what I save anyway?
Looking at more des res areas like Redland, Cotham, Montpelier. Quite likely to be a flat (23 now and happy in a flat for next 5 years). Any thoughts on these?
https://www.rightmove.co.uk/properties/109468721#/
https://www.rightmove.co.uk/properties/85832491#/
https://www.rightmove.co.uk/properties/109425851#/
https://www.rightmove.co.uk/properties/109106798#/
Don't wanna be in golf club thread by saying 70% LTV but due to primarily tragic circumstances, some good luck and working really hard at school/uni/grad job it is possible.