fawniture
Joined 5 years ago
Joined 5 years ago
I don't want to expose my address but you can browse "London" on the UK property website Rightmove and find comparable apartments (same building, same floorplan) with furnished/unfurnished prices that are no different.
I'd be mindful of that assumption across markets. I'm in London and while furnishing may have an impact on the list price for some properties, list price is almost always a product of the market and it's rarely possible to quantify the _cost of furnishing_. For example, apartments in my building are roughly the same price whether furnished or unfurnished. Furnishing is seen as a convenience here[1], not a financial benefit.
I do think this is a great proposition and that, once prices come down, you'll have a good opportunity in London -- just challenging the assumption that furnishing is universally reflected in price :)
[1] Typically, a furnished property is easier to tenant, so landlords can choose between furnishing (easier to find a tenant, risk of expensive damage) or unfurnished (harder to find a tenant, no risk of damage). Very common to see a furnished property offered "furnished or unfurnished" if someone wants to bring their own furniture, and that doesn't impact the price.
https://www.rightmove.co.uk/properties/110025968
https://www.rightmove.co.uk/properties/110204747