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?


Thanks

Phil


My son lets his house in Richmond North Yorks. He has had no problems, even
when the first tenant left another was found within a couple of weeks. No
maintenance issues other than a bit of damp which turned out to be tenant
induced through lack of ventilation.

He would now like to sell the house with sitting tenant, around £120,000
with £500 pcm rent if anyone is interested.

Mike