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Not so. I've so far ignored all the pricing advice that the letting agents have come up with and I generally tend to price property between 10-15% less than what they advise.
This guarantees me a long term tenant, which you'll understand is almost entirely the name of the game.
In 15 years it's been empty for 12 weeks.
I've dispatched my brother to look at three flats in Wimbledon this weekend - purely for investment purposes.
Criteria is as follows:
1) Ten minute walk from the station.
2) Five minutes from Pub/convenience store.
3) Not too concerned about building/adding any particular value to it.
I'm what you might call a long-term investor.