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Rental property sell or keep?

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Comments

  • Mr.Generous
    Mr.Generous Posts: 4,044 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Whats the gross yield you get on rental property at the moment? My best is 14.8 and my worst is 7.6% Can an investment beat that without considering the asset appreciation as house prices rise?
    Mr Generous - Landlord for more than 10 years. Generous? - Possibly but sarcastic more likely.
  • Bimbly
    Bimbly Posts: 500 Forumite
    Eighth Anniversary 100 Posts Name Dropper Combo Breaker
    edited 22 May 2023 at 8:54PM
    Mr.Generous said:
    Whats the gross yield you get on rental property at the moment? My best is 14.8 and my worst is 7.6% Can an investment beat that without considering the asset appreciation as house prices rise?
    Also got to weigh up the ease not being responsible for a property if you sell it.

    I had to move once and rent out my house. Even with good tenants, there was always something at the back of my mind that I might have to deal with an issue.
  • xylophone
    xylophone Posts: 45,909 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You are accustomed to being a landlord (in effect running a business) but how long do you wish to be tied to this particular business?

    You are employed currently - what is your workplace pension /personal pension situation?

    Have you obtained a state pension forecast?

    https://www.gov.uk/check-state-pension

    If you sell, how much do you expect to realise after  CGT?

    It would be possible to construct a portfolio paying a monthly income.

    Presumably you would use your ISA allowance as a start.


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