Best way to sell a very small studio flat?Make Text Bigger
I want to sell one of my BTL properties, it is a very small studio flat on the outskirts of Uxbridge.
Unless things have changed it maybe difficult to mortgage as it is only 26 square metres and lending criteria was a minimum of 30 sq metres last time I looked into it.
The tenant is moving out in a couple of weeks.
It would sell for about £115,000 and would rent at £650 a month to a private tenant or £733 a month to a tenant claiming benefits. This is because the local council pays the same for a studio as a 1 bed flat.
If you were me, would you:
- Market it as as cash buyer only?
- Market it with a private tenant in place?
- Market it with a benefits tenant in place?
- Market it empty?
All suggestions greatly appreciated.
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