Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
We have numerous properties that we successfully rent, and have done this for many years, but one of the properties, which was for many years our family home, has a mortgage which has only a few years remaining. It is a beautiful detached chalet bungalow, 4/5 bedrooms, 2 bathrooms, set in a beautiful cobbled village backing onto a linear park. It has a secluded garden, west facing mainly decked.
It is currently let for £1,400 pcm until next year on a long term let, and it is currently valued at around £470,000.
My question is whether we could sell this as an investment property, does anyone have any experience of doing this?
Any help or advice would be welcome, and I thank you all in advance for this.
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