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Don't want to sell now as market is just pants.
Yep its a lot of hassle but I also see it as a new experience worth giving a go. Maybe we will keep it for a long time as an investment.
Yield isn't great, 4%ish.
Hovis-
Don't want to sell now as market is just pants.
Yes but you are buying. People are buying. They just want a brexit discount. Which is fair enough. You are getting yours when you buy, so selling at what will feel like a discount will actually kinda work itself out.
In terms of the money side, who is advising you to do this? Unless you get capital appreciation it's not - in my opinion - worth it for a 4% (net? gross?) yield.
You could be waiting a long time for capital appreciation.
Feel free to PM me or if you want to meet up to discuss.
Howard
You should sell your place now and save yourself the hassle, frankly.
What's the estimated rental yield on it?
My concern is that you are betting a considerable amount of money that the market will improve in 2/3 years when there's not much to suggest that will happen. And you'll end up having to sell to claw back the stamp duty.
Inbetween you'll have all the hassle and responsibility of being a landlord whilst getting a 5,6,7%yield (or whatever) and no or negative capital appreciation.
FUNTIMEZ.