dingram

If you have made a good investment is yet to be seen... you have bought roughly at 15% below market value, which is not too bad, but you have outgoings of over £600 a month, with a rental expectation of only £580, not good economics.

If you found a buyer tomorrow and sold it for £135K, then you would be in a good position, but longer term is very doubtful... what happens if you get bad tenants, or have a 3 month period with no tenants??? yu still have £600+ outgoing with zero incoming. What happens if you have a major repair problem? will you then need to increase income to cover the costs?