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invest in a parking space: market, insurance and rentability

sush40 · 2017-01-16 13:23:34

Hi Recently I found a parking space at an interesting price (10k) and I was thinking of buying it and renting it out for extra income (I would make about 70/month). I've done some research and even if it's a good way to invest (low maintenance, no mortgage), I'm still not sure if it's worth it or not, and could it be…

Comments

sush40 Posts: 99 Forumite

18 January 2017 at 1:22PM

Thanks for that, I wasn't sure what the service charges would cover exactly in a car park. Still even if it's b) I think it's a lot of money especially if there are about 30 spaces in total and if everybody pays the same amount of money every month for charges an repairs

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