City of Culture vs local investmentMake Text Bigger
I have had my offer on a flat near to my home ( Watford) accepted with an anticipated rental of £1,000 per month at a purchase price of £285,000 which comes out at around 4%.
My research, which has been tentative at the moment, and a recent article I read on properties in Hull suggests a possible return of 10% +. Hull is due to be the City of Culture in 2027 so I also anticipate further capital growth in a couple of years.
Even allowing for agents fees I’ll be making a better return in Hull with none of the hassle I have self managing my small locally based portfolio.
Any comments or advice from other investors would be appreciated.
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