Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 3 weeks ago 48
I would like some advice on purchasing a house with odd shaped garden, for Buy to Let purposes.
The house is perfectly placed, in good condition, but the garden is sort of “V” shaped, just 7 feet at the back. Open Garden area is still available overall around 25-30 feet.
The area is in demand due to good schools,trading estate and there hasn’t been a dearth of private tenants ever to the best of my knowledge. I live 2 miles away from this house and know about the local area, demand etc., but I am not sure if this “garden” is of a big issue for tenants, future price increases, or sale of the house.
Multiple offers have been already placed for the property. Its around £15k less than other houses in the similar area. The Estate Agent claims this shouldn’t have an effect on rent or tenant demand.
Any pointers or experiences are much appreciated.
Thanks in advance.
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