If you were 23 and had £230k, what would you do?

Ashingtonian

Buying a house outright is a no brainer to me. £130k would buy a nice modern 3 bed semi where I live. Just think, no more rent or mortgage costs for the rest of your life. Running buy to let properties can seem an attractive option but there are plenty of pitfalls for the inexperienced or unwary, why lumber yourself with the hassle?

£100k left in the bank, can easily get a 3% return at least on that. Then as you say find a part time job that pays £10/hour for 20 hours a week (no income tax and hardly an N.I to pay) = £10k a year plus £3k interest = £13k a year or just over £1k a month to spend. If you are single unless you like fancy holidays and going out 3 nights a week this will be more than enough to live off in relative comfort. If you get a partner in future then even better as you can share the cost of the bills.

DCFC79

Buy a house for £100k/£130k , buy a property to rent out and invest the rest.