Should I sell at 75 and if so how should I go about it?
I always said I’d sell my small portfolio of 4 terraced houses, situated in a Northwest town when I reach the age of 75. I’m nearly 73 now, but thinking I should sell now, as the market seems right.
Each of my houses is tenanted with good tenants who have indicated that they are there for the long term, one already entering a 6th year. Rental yields are fairly good, but as house prices rise unless rents increase (fairly substantially) yields will drop. Ideally, I’d want to sell the properties tenanted.
I would be grateful for any responses from members on this forum to my queries/concerns:
– Should I sell as a portfolio or individually;
– Untenanted;
– Use an agent, if so a high street one or a “specialist” buy-to-let selling agent and if so where do I find one?;
– Selling property can be a messy and drawn out business, something I am not looking forward to, how best can this be minimised?
Any tips, advice, experiences would be welcomed.
Mike
48 comments on this article
Learn from your peers’ experience
A different perspective could help you spot an issue, avoid a mistake or find a better way forward. Read the comments and add your own views if you wish.
Member Since September 2018 - Comments: 3720 - Articles: 5
9:04 AM, 4th August 2021, About 5 years ago
Reply to the comment left by Marlena Topple at 04/08/2021 – 09:02
B23
Member Since July 2013 - Comments: 55
9:25 AM, 4th August 2021, About 5 years ago
I have a portfolio of 7 properties in a beautiful coastal town in South Wales. Post code SA16 all tenanted with long term good tenants if anyone is interested
Member Since July 2016 - Comments: 176
9:36 AM, 4th August 2021, About 5 years ago
Reply to the comment left by DSR at 04/08/2021 – 09:04
Thanks. I am a student landlord so am looking within a one mile walk of the universities. I believe your houses are too far out for me. Thanks anyway.
Member Since September 2018 - Comments: 3720 - Articles: 5
9:42 AM, 4th August 2021, About 5 years ago
Reply to the comment left by Marlena Topple at 04/08/2021 – 09:36
We used to let both these houses to students of B’ham and Aston Uni (5 bedrooms each house). You are going to be pushed to get property within a mile walk of either of them and find students who can afford that kind of rent, especially as you are competing with the new Hall of Residences.
Our properties very close to various bus routes that go straight into town. If you let me know your email address I’ll send you more details 🙂
Member Since August 2021 - Comments: 14
9:45 AM, 4th August 2021, About 5 years ago
Reply to the comment left by Gwen Davies at 04/08/2021 – 09:25
Hello there,
Are you looking to sell all 7? I’m interested in talking to you about this .
Member Since July 2013 - Comments: 184 - Articles: 1
10:04 AM, 4th August 2021, About 5 years ago
Following
Member Since September 2019 - Comments: 15
10:07 AM, 4th August 2021, About 5 years ago
I have a terraced house for sale now vacant just needs a tidy up To re let WS109PQ
Member Since December 2016 - Comments: 2
10:11 AM, 4th August 2021, About 5 years ago
Reply to the comment left by Alice Forb at 03/08/2021 – 12:39
Hi would you be interested in couple of flats in London?
Member Since August 2021 - Comments: 14
10:18 AM, 4th August 2021, About 5 years ago
Reply to the comment left by DSR at 04/08/2021 – 08:19
Ok please send details to [email protected]
Member Since July 2019 - Comments: 14
10:39 AM, 4th August 2021, About 5 years ago
HI Mike – we are very active in parts of the North West and would be interested in your portfolio if you decide to sell – we have funds in place to move quickly if thats what you want or could stagger the purchases over tax years to minimise CGT liability for you – please email [email protected]