14 Jan 2007 10:53 PM:
Hi to all other IAP purchasers.
We have one in R6 too and an earlier one which completed nearly a year ago, so can comment.
IAP = pretty unimpressed overall, but the development appears sound and the IAP units seem to have a/c plumbed , an upgraded spec work surface and include dishwater which other units don't seem to have.
Parma = very good and effecient
Property Insurance - yes you will need and your bank may also ask for life too.
Rental - Well don't expect too much & you won't be disappointed - so far working out at c£50 a quarter, which is great vs your £60 marketing costs to BHI. Hopeless!!! BUT to be fair our first one was one of first - snagging took ages to resolve and Bridge Holmes were only starting up and further the site was a mess. They are still confident of getting rents up but I think it will be at least a year , maybe two before you get anything near approaching your outgoings UNLESS you can get a long term rental in to at least cover some of your outgoings....... and that hasn't so far proved easy
Community Charge - c €250 a year. run by committee for each area - R6, R8 etc. So far haven't been able to find out if one already exists for R6, if it does you can bet you'll owe after completion and San Jose won't have paid for you .... but maybe for R6 this hasn't been set up yet.
Anyway hope this helps. Long term .... 2 years + will all be very nice and a fair investment - but at present its just a money pit...... like many other ones too!
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