Acton, London
Hi all,
New to this forum. Was hoping to get some knowledge and experience out of this forum. Your help is much appreciated.
I bought a house in acton for 290K GBP, it has now been valued by various estate agents between 600K - 650K.
Curently rented out for 1,700 GBP. House also has a mortgage of 330K.
What would be the best option:
1) Sale and use profit into other invesments
2) Rent it out, whats the rents like in that area? (Current Rent hardly covers the current monthly mortgage payments)
3) Hold and wait for a price high market ?
Its a SemiDetached Four bedroom house with the fourth room being the loft.
Really need some help as im not sure if selling is the right decision.
thanks all
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