Spotted on Zoopla was this rent to rent property. We saw it on Friday, but the following day the listing vanished, but yesterday it was again visible on this link: https://www.zoopla.co.uk/for-sale/property/bayswater/#expired
It is a property that is specifically being marketed for sale as a rent to rent opportunity. The asking price is a touch under £20,000.
In London, it has two bedrooms and one bathroom, and suggests that the purchaser should receive a “conservative” net monthly income of £1,486.
A Zoopla spokesperson said yesterday: “Thankyou for bringing this to our attention.”
Our screengrab, taken on Friday, is below.
You can also see from the link to PropertyTribes that, unsurprisingly given rent to rent’s reputation, it has aroused controversy there.
https://www.propertytribes.com/rent-to-rent-properties-for-sale-on-zoopla-t-127635969.html
Comments (2)
Somebody make me a coffee…my brain hurts…
I’m sorry, WTH is rent-to-rent? Surely that is subletting? I can see no benefit to the owner here; they are ‘renting’ the right to play at being the landlord for a lower price, so that someone can rent it out for more money? Why not just rent it yourself? Who would be responsible for maintenance? The sub-tenant, the Landlord-Tenant or the Landlord-Landlord?
Sounds daft to me…