Should I sell at 75 and if so how should I go about it?

Should I sell at 75 and if so how should I go about it?

9:36 AM, 3rd August 2021, About 3 months ago 48

Text Size

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



Comments

by DSR

9:04 AM, 4th August 2021, About 3 months ago

Reply to the comment left by Marlena Topple at 04/08/2021 - 09:02
B23

by Gwen Davies

9:25 AM, 4th August 2021, About 3 months 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

by Marlena Topple

9:36 AM, 4th August 2021, About 3 months 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.

by DSR

9:42 AM, 4th August 2021, About 3 months 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 🙂

by Alice Forb

9:45 AM, 4th August 2021, About 3 months 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 .

by Kulasmiley

10:04 AM, 4th August 2021, About 3 months ago

Following

by alan thomas

10:07 AM, 4th August 2021, About 3 months ago

I have a terraced house for sale now vacant just needs a tidy up To re let WS109PQ

by Maria Kelly

10:11 AM, 4th August 2021, About 3 months 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?

by Alice Forb

10:18 AM, 4th August 2021, About 3 months ago

Reply to the comment left by DSR at 04/08/2021 - 08:19
Ok please send details to rent22buy@gmail.com

by AdrianB

10:39 AM, 4th August 2021, About 3 months 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 adrian@rdail.co.uk


Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?

BECOME A MEMBER