Flat sold as seen – wipe your feet on the way out

If the pending BTL stamp duty increase and proposed tax changes have not put you off being a landlord, then maybe you should read about the unfortunate owner of a two-bed flat in Leigh-on-Sea, Essex. The property was left in such a poor state of repair by the tenant that the estate agent who had been instructed to sell the property had no choice but to describe the property as “… full of rubbish, there is mould on the walls and I think there may even be some fleas there to keep me company when I carry out the viewings.” The estate agents honesty paid off, bringing a number of offers within a week of the property being marketed for sale. The best offer was £140,000 which is £15,000 more than the asking price. Read the full story here.