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dnanra

How would you value a house with sitting tennants

As it's not easy to remove sitting tennants - how do you value it - with or without tennants?

Asked on Oct 15 2010, Selling in Coventry | Report content

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  • No photo available of in2netgary

    in2netgary

    This is a very difficult one as a sitting tenant will usually only pay nominal rent . The only way to value this is by a long term holding and from Capital appreciation. Very diificult too judge but these would usually go to Auction as would usually be cash purchases so people able to buy are limited creating low ceiling prices... Ask Auction houses for any comparatives.

    Answered on Oct 16 2010, Report content
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  • Photo of garethb1

    garethb1

    The market for these is extremely specialist although we deal with many through auction. The answer is a rough equation which takes into account full market value (without the tennants),age of tennant,rental paid,condition internally,and length of tennancy. If you want any further advie let me know,otherwise it is quite complicated.

    Answered on Oct 18 2010, Report content
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