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Best investment for under £100k
irishno1
Posts: 35 Forumite
Where would anyone recommend for best investment in property for under £100k with a fairly stable rental income?
Not so long ago Northern Ireland was but with house prices having risen by 25% plus each year for the last two to three years there is really nothing left at under £100k so thinking of investing in England, Scotland, Wales or in sunnier climates abroad (NOT BULGARIA AS KNOW THE PERILS OF INVESTING THERE)?
Not so long ago Northern Ireland was but with house prices having risen by 25% plus each year for the last two to three years there is really nothing left at under £100k so thinking of investing in England, Scotland, Wales or in sunnier climates abroad (NOT BULGARIA AS KNOW THE PERILS OF INVESTING THERE)?
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Comments
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Montenegro.
Just kidding.Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery0 -
100- 120 can get u a nice btl property in northwales area0
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Thanks.
What is rental market like in north Wales and how have house prices been doing over past few years? Any area of north Wales you would recommend?0 -
replied
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Perthshire, Angus, Dundee & Fife (Scotland) ....
https://www.tspc.co.uk
https://www.pspc.co.uk
have all the best examples to browse.0 -
Tahnks,
How have house prices in these areas been faring over past year or two and what is rental market like?0 -
irishno1 wrote:Where would anyone recommend for best investment in property for under £100k with a fairly stable rental income?
Not so long ago Northern Ireland was but with house prices having risen by 25% plus each year for the last two to three years there is really nothing left at under £100k so thinking of investing in England, Scotland, Wales or in sunnier climates abroad (NOT BULGARIA AS KNOW THE PERILS OF INVESTING THERE)?
Have you never stopped to think that it's people like you who are the reason why there's "nothing left under £100K"?
Heaven help you if this house of cards collapses.
And no I know that was no help, but I don't care. Property's for living in.0 -
irishno1 wrote:Tahnks,
How have house prices in these areas been faring over past year or two and what is rental market like?
House prices in these areas have being playing catch up with other areas of Scotland in the last few years.
Average house prices (£124,000) are still lower than Edinburgh (152,000), Glasgow (£146,000) and Aberdeen (£147,500).
I sold my 1 bedroom house for £81,000 in August - went in tspc for offers over £65,000. Bought in 1998 for £34000 - had a valuation by surveyor done in June 2004 for £50000.
There has been an influx of investors from out of town purchasing 1 / 2 bedroom flats for the buy to let market. Dundee in particular has a very high student population due to having 2 Universities (Dundee & Abertay) plus 2 Colleges.
That amounts to 28,000 students in a city with a population of 146,000.
Further to the above there has been a high influx of eastern European workers to the area, all looking for rental accomodation.
This means the rental market is bouyant there are always lots of takers when it comes to potential tenants. 2 bedroom properties can get anything between £400 to £600 PCM. Area and condition dependant.
Hope this helps.0 -
Have you never stopped to think that it's people like you who are the reason why there's "nothing left under £100K"?
Heaven help you if this house of cards collapses.
And no I know that was no help, but I don't care. Property's for living in.
He is renting it out, so someone will be living in it.0
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