Please advice on selling my house in london?
I have purchased a house in london in January 2007 in dagenham, for some reasons i can’t shift into it, i have 2 options
1. to sell it at small profit(as currently it is well nice and tidy to look at)
2. to rent it out
if i rent it out , i will be getting some700 net rent and my mortage repayment will be 800. rent is less here as it is a minority area with more of dss tenants
moreover i am not sure whether i will stay in UK for long term may be i will stay for another 2 years and go back to my country permanently
is it worth that i rent out the property and suppose i have to sell it after 2 years there can be some appreciation and that will be my profit
or should i dispose it now thinking the house prices can go down or if I keep the tenants ,they may trash the house and I will have to spend money on maintenance.
Even if I ask the agent to manage the letting , I will get less money from rent. I have to pay some 21 pounds for insurance then general maintenance as house is quite old a
i just love english guys
Sounds as if you may as well sell it!! You will be making a loss by renting it. Unless there are any big developments being planned to improve and bring business to the area, then it is unlikely that you will make a bigger profit in the future so getting rid of it now will just save you hassles in the long run!!
NOPE, NOT ENGLISH. Sounds german to me
If you want to buy back into the property market later I would keep hold of it rather than sell. As to renting you dont have to use an agent, use free ads services such as simple2rent.