Any UK Property Gurus out there?

Hello all,

Since this is my first post I thought i would give a brief but colourful history of myself. Hope this is permitted.

I have been looking at +ve cashflow properties for a few years now but since my income consisted of partime jobs after uni – research was all that was possible. Now that i am out of uni and actually earning a wage – time is a wasting and there are no more excuses.

That said, taking on the Oz property market has been put on hold with my girlfriend and I deciding to move to the Uk (June this year) for various reasons including european travel etc.

But the upshot is that research has revealed the Uk to be a rather good prospect for +ve cashflow.

A few advantages I have noted include:
– No stampduty for prop under 60K
– Rates payed by tennants
– Relatively small travel distances between towns & regional centres for inspections and research
– A general abundance of property achieving estimated cashflow in excess of 20% of initial cash outlayed.
-Exchange rate is not an issue since we will be living and working there for a number of years, in fact, when we come back as planned I can only see it being beneficial.

So – what I am asking for, in a not very direct way is, Is there anyone out there with experience, success, or ambition in this market that may want to share information and ideas?

I have been looking at areas in the South Yorkshire such as Hull and also Stoke-on-Trent. Terraces in these areas have current long term tennants at 79 per week with an asking price 35K
(just one example). These areas have been getting very reasonable cap. growth too. To me these seem like very good opportunities, but I would like to know if anyone has “been there and done that”.

Also, does anyone know who the “Steve McKnight of the UK” is?

Thanks