Landlord Discussion

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Property value and sitting tenants

From: Mike D
Date: 29 Sep 2002
Time: 11:10:25
Remote Name: 195.93.48.14

Comments

I have recently been approached by the landlord of a property which neighbours us. He has asked if I am interested in purchasing the property. It has long term tenants (husband and wife) in their late sixties/early seventies. The property is on a good plot approx 1 acre and consists of a bungalow of typical late fifties build. This has had minimal maintenance carried out over the past years. much of the land is badly overgrown. My questions to anyone who can help are 1.To what extent would the value of the property be affected by the sitting tenants present. 2 To what extent would this be further affected by the condition of the said property. 3. What would be the best way of getting a valid and trustworthy valuation without alerting estate agents. Thanks to anyone who can help

mike

Last changed: July 01, 2003