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It's under 2% using original purchase price + improvement cost.
I'm not convinced that renting would work. Would be looking at a couple of grand a month at least so a year of that would cancel out the extra stamp duty for instance.
The tax is too high to make it worth moving out of my place, renting it out and renting somewhere else.
aggi
Have you worked it out? Use the money you put in at the beginning, not the current value.
Anything around 4% isn't a complete disaster. Put in the context of the battering my investments have taken over the last couple of months, the minimal yield my other flat has paid over the last eight years looks like pretty reliable if unremarkable performance.
You could consider renting a house. Looks a bit shit on paper but I suspect there will be quite a few empty properties right now or stock that people wanted to sell but now cannot so they'll rent until this either blows over or we get a better understanding of what the new normal looks like.
Having had a new born in a top floor flat I would suggest doing whatever you realistically can to get yourself in to a place with a bit of outside space and another floor.