General (main property discussion here) - Is this a Worthwhile investment?????

Property Value £145K Deposit 15% Rental income @£675 per month

Do this look like a worthwhile investment from a returns perspective?

Your advice gratefully received

Andy

You haven't provided enough information to enable a proper assessment to be made, and in any case only you can decide if a particular investment is suitable for you, as only you know what your objectives are and how this property fits in.

Some things for you to consider are: * are you wanting income or capital growth from the property? * what type of property is it and where is it (eg 1 bed flat in London, 3 bed detached in North of England) and therefore what are its prospects for capital growth? * have you researched this area and decided it is an area in which you want to invest in property? * how strong is rental demand for this type of property in the area? * what condition is the property in, and what are the expected maintenance requirements? * what type of tenant can you expect to attract and what are the relevant licensing requirements (if any) applying in the area? * is the £145k property value realistic? likewise the £675pcm rental? * what other costs are associated with holding the property? for instance, if it is a flat you can expect £80-100 per month of ground rent plus service charges * if your Plan A didn't work, how could you redeem the situation in order to minimise your downside? * if someone is telling you this is a great deal, why aren't they doing it themselves? * could you invest that money better in an alternative property?

Hope this helps

Cheers Neville

Andy, Read the post above yours!Only you can decide what is right for you and your circumstances.

I was of course refering to James Potters post!