14-07-15, 10:05 AM
To let it out without the benefits yourself....
Ground rent etc £3000 a year including gas (pass on the £25 elec to the renters)
Depreciation around £3000 a year too if you are generous
Maintenance and repairs around £500 a year
£6500 / 52 = £125 in costs to recover.
If you manage to rent it out for 20 weeks of the year you need to average £325 a week in rent just to cover your costs.
I wouldn't but then I was mad enough to buy a place in France. At least I should get my money back on that though if I sold it.
Ground rent etc £3000 a year including gas (pass on the £25 elec to the renters)
Depreciation around £3000 a year too if you are generous
Maintenance and repairs around £500 a year
£6500 / 52 = £125 in costs to recover.
If you manage to rent it out for 20 weeks of the year you need to average £325 a week in rent just to cover your costs.
I wouldn't but then I was mad enough to buy a place in France. At least I should get my money back on that though if I sold it.
Another ex-Fazer rider that is a foccer again