11:11 AM, 7th January 2021, About 9 months ago 3
Hi All, I just want some advice on a prospective property purchase.
A block of 4 purpose-built flats on one freehold title (is that an issue?) and they are all 1 beds. £265k purchase price with £2k rent pcm (pretty healthy demand and already fully let).
On the face of it seems like a pretty decent deal to me. I’d buy for income so not too concerned with capital appreciation. One query though would be whether to purchase as a limited company. I’ll retire in a year or so and be a basic rate taxpayer, so as I understand it section 24 won’t make that many odds to me.
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