Councils using ‘Intelligence’ to track down low EPC properties and fine £5,00015:08 PM, 29th March 2021
About 2 weeks ago 36
We have received the following ground rents investment question from one of our readers. Can you help?
I am currently looking at two potential investment opportunities in the North West. All 2 bedroom flats at attractive levels. The numbers stack up except the level of Ground Rent being levied. First site average rent achieved is £425, Ground Rent levy £800 pa or 1.9 x rent. Second site average rent achieved £575, Ground Rent levy £1092 pa or 1.9 x rent. What in your experience is s reasonable level of Ground Rent and who pays Landlord or Tenant.
Would appreciate some advice.
With thanks & best regards
This isn’t really my area of expertise, hence I have published your question and invite our readers to comment. I have also invited Annette stone from GML Estate Management to comment as I regard her to be an expert in this area. Annette manages a freehold interest on behalf of my family.
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