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Buy to Let
crisiscrawf
Posts: 2 Newbie
Not sure whether to go for one bed studio costing c. £135k in my area giving rental income of c. £650 per month or, 3 bed flat costing £210k and giving rental of £850 per month. I guess both properties will eventually increase in value pro-rata. The 3-bed flat would be better to pass on to children or could be an option for my wife and I to live in later in life and free us to do other things with money gained from the sale of our main property. Any views out there?
0
Comments
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The second property appears to be the better bet but only if you are sure that there will always be a tenant in it paying the rent.
Whatever you decide to do you will have to pay Capital Gains Tax when you come to sell0 -
What do you think is easier to rent out - I bed studio or three bed flat? 3-bed flat could be advertised as two beds and two receptions i.e. living room and separate dining room.0
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