Renting a room...

[KeithTheHibby]

Thinking about taking on a lodger as I cannot sell my house if my life depended on it such is the market.

Anyone know how much someone should be paying for a double room each month???
I really have no idea how much to advertise for.
Would appreciate any ball park figures.

Cheers

[Pretty Boy]

I rent a room in my mates flat in the centre of Aberdeen. Double room and use of a decent kitchen, living room, bathroom, central heating, the usual really. Pay £375 a month, know a few guys who pay less and a few who pay more. Anything between about £250 and £400 seems to be the going rates at the moment depending on location, facilities etc etc.

[Hibbychick]

Have a look in local newspapers/websites to get a rough estimate of prices for similar sized rooms.

[Crossgates Hibs]

Thinking about taking on a lodger as I cannot sell my house if my life depended on it such is the market.

Anyone know how much someone should be paying for a double room each month???
I really have no idea how much to advertise for.
Would appreciate any ball park figures.

Cheers


You could always drop the price if your situation allows you too. Property is only going down anyway better lose a little now than loads in 2 years. I would not be keen on a lodger unless i knew them. Tricky one my choice would be sell to rent and get on the market at a reduced price in 3 to 5 years time.

[JoeT]

You could always drop the price if your situation allows you too. Property is only going down anyway better lose a little now than loads in 2 years. I would not be keen on a lodger unless i knew them. Tricky one my choice would be sell to rent and get on the market at a reduced price in 3 to 5 years time.

I don't think there will be much or any drop over the next few years - if people without a house can't afford to buy then they'll rent and the buy to let market will come back

[Crossgates Hibs]

I don't think there will be much or any drop over the next few years - if people without a house can't afford to buy then they'll rent and the buy to let market will come back


The buy to let market is toast and they are waking up to the fact that they have bought at over inflated prices. Some will get burned very badly for whom i have no sympathy for. ESPC has more property on its books than at any other time and a lot of it is buy to lets desperetly trying too unload. They will have to drop their prices or be reposessed and they will be sold at bargain prices forcing the market down. Why is nothing selling? Its because prices are too high and cheap credit is removed. If 1 house on the street sells for 20,000 less then all the others will have to follow suit as this will be the value people expect. we have lived in a rising market and people will take time to realise property goes down as well after 12 years of rises. Soon property will be considered a bad investment when the tide turns.
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