Time to sell?Make Text Bigger
I have 10 investment properties in London which I started purchasing in 2008. I cannot decide whether I should start selling some as the value has increased very much in the last 18 months. For example, I purchased a 3 bed terraced house in N17 for £230k and have rented it since for £18,460 per annum which is about an 8% yield. I had It valued last month for remortgage purpose at £350k.
I spoke to a local agent who told he can sell it for £380k in a week!
At this value the yield is not even 5% so I am thinking maybe its time to sell and invest in better yielding properties.
What do you think?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.