Renting a room, stable and grazing. Ideas/opinions please.

[Queenbee]

Hi,

I have just found out today that I may have an opportunity to embark on a little adventure it would go as follows:

1 x 6 bedroom house
lots of barns/stables etc
15 acres of good grazing.

I expressed an interest in the grazing and stables only (for my 2) but have since found out that it may all be vacant, I have loosely suggested the idea of renting out a room along with grazing and stables as a package, I would be interested in doing the same and have said that while I would not make an undertaking to rent the whole lot I would be happy to collect the rent for the person who owns it and look into pricing for him.

If livery with stable is approx £100 pcm and room rent locally is about £75PW what would you suggest PCM for the lot. I was thinking £400. Would it interest many people out there? Would this seem like a fair price for the package? This is not advertising, I am not even sure if it will happen, it is in very early 'ideas' stage, but I think if it does, handled correctly it could be a fantastic set up.

Opinions and any suggestions please, I will be talking to the owner tomorrow about it in more detail, and want to go fully prepared and all business like

 

[charmeroo]

Surely you don't mean a 6 bedroom house with 15 acres, outbuildings and stables for £400???

 

[horsesatemymoney]

It sounds good but what if the other person leaves are you responsible for the whole lot? Sounds good though

 

[Chellebean]

oh i would go for that idea, sounds good

 

[Queenbee]

Surely you don't mean a 6 bedroom house with 15 acres, outbuildings and stables for £400???

Ha Ha, no, that would be the price for grazing and stable and room rent for a month sorry for the confusion. Room rent down here is about £300 pcm and diy livery £100pcm, so it seems to me to be a really good price of having it all in one spot.

 

[Queenbee]

It sounds good but what if the other person leaves are you responsible for the whole lot? Sounds good though

No, my deal would be that I rent my room (biggest ofcourse ) and have 2 stables and grazing. I would be happy to collect rent, and advertise and manage yard but would not be responsible for paying for any empty rooms. Just mine. I may (depending on how it goes/if it happens) look at the offer of part/full livery if people are away.

 

[Queenbee]

would also push him to reinvest some wonga into filling one of the barns with sand and rubber

 

[horsesatemymoney]

ooh go for it!!

 

[christi]

That sounds like a brilliant idea ! good luck and let us know how it goes .

 

[AndySpooner]

I think that this is a brilliant idea, if it was me who owned the place and you could fill 6 rooms and stables I'd let you have yours rent free for managing the lot.

 

[MerrySherryRider]

If you rent one room and have another person to rent a second room, that means you have a 6 bedroomed house for 2 people at £150 p/w. Approx rent of £600 a month.
Have a look on Zoopla for est. rents for a 6 bedroomed property at that postcode,and you'll see the landlord could make 2/3 times that by letting the house as a whole.
If he was to agree to letting each of the 6 rooms individually at £75p/w to 6 tennants. The house would become a multi let and he would need to obtain permission to change its use and make changes to the property to fit the local councils' criteria.