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Investment advice 5 properties or one big house.

2

Comments

  • Lungboy
    Lungboy Posts: 1,953 Forumite
    Part of the Furniture 1,000 Posts
    What's the story here? Sounds interesting....
  • Verynationlowel
    Verynationlowel Posts: 6 Forumite
    I came to ask for advice but every seem touchy.
  • Verynationlowel
    Verynationlowel Posts: 6 Forumite
    Everyone seem so touchy .
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Lungboy wrote: »
    What's the story here? Sounds interesting....
    It's a fantasist on at least their third incarnation of posting almost identical queries. Would be more entertaining if they updated their shtick.
  • Verynationlowel
    Verynationlowel Posts: 6 Forumite
    It the truth alot of mature people here are jealous cant give advice
  • ciderboy2009
    ciderboy2009 Posts: 1,244 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Car Insurance Carver!
    Personally I would suggest that you sell all of the properties and spend the money on a private tutor to learn about spelling and grammar.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Verynationlowel wrote: »
    It the truth alot of mature people here are jealous cant give advice
    "Oh. I've been rumbled. Again. And so quickly, too..."
  • Owain_Moneysaver
    Owain_Moneysaver Posts: 11,393 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Verynationlowel wrote: »
    The 3 houses in london on rent I receive 6600 a month. That around £80k a year.

    If I sold the houses I would receive 1.7m.

    That's only 4.7% income return on investment, so hopefully the capital growth is pretty good.

    In Nottingham £1.7m that would probably buy 11 average houses, with an average gross return of £145k p.a. at 8.5%
    Totally Money identified the postcode area of NG1, which is in a prime position to house students at Nottingham Trent University, as the area in the country with the biggest potential buy-to-let yields. With average monthly rental yields of £1,525 and an average property price of just £152,000, prospective investors could bag a yield of 11.99% in this postcode area. NG7, which includes the University of Nottingham, also sits in the top five, with a potential yield of 8.89%. The average rent is £1,187 a month, against an average property price of around £160,000.

    https://www.which.co.uk/news/2018/12/revealed-the-uks-top-buy-to-let-hotspots/
    A kind word lasts a minute, a skelped erse is sair for a day.
  • Murphybear
    Murphybear Posts: 8,091 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    LilElvis wrote: »
    I hear Her Maj is bored of London - try low-balling an offer on Buck House. Worth a punt.

    She doesn’t own it, she’s only a tenant :rotfl: you’d have to ask the landlord ie the Crown Estates
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Verynationlowel wrote: »
    This is my problem. If you where in this postion. Do you keep the properties on rent and work. Or just buy 1 big mansion for 2million and not receive the 80k income a year.

    That is a hum-dinger of a "problem".

    !!!!!!
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