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djc djc is offline
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Default OT - Renting Out Property

On 06/08/12 10:26, TheScullster wrote:
Hi all

From posts to the group in the past, it is clear that a number of posters
own property for rental.

Is the market saturated after all the buy-to-let hype of recent years?
Is it a worthwhile investment if starting now(ish).

I am likely to be in a position to take on a property (finances permitting)
this year and wonder if this would be a good move in the current climate.

The property is 3 bed semi in decent area - I am guessing at purchase price
of around �150k and rental �500 pcm possibly more.


Only very tentative interest ATM - not sure I could live with the hassle!

If my figures are right on the rental income, what costs should I expect to
pay out of the �6000 pa income?


How long will you keep the property. You probably wont see a capital
gain for many years. If prices fall then there is a potential loss, even
if you can sit out any drop in prices it may affect the rental value.



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djc