Quote:
Originally Posted by rossantony
corsham, wiltshire.
this amazing secret, 20 minutes from bath has some cracking pubs, two chinese and two indians, an original cobbled street, and a jazz festival once a year.
as soon as my misses found a house there that was actually for sale on the market, she slapped down the deposit money from our joint account.
naturally when i came back from my overseas business trip i was over the moon to know that not only was bath in easy reach but swindon too!
the rental yield is unbelievable..we get £850 a month ( before taxes and rental managemet fees ) and the house is only worth £240000!
forget outer mongolia and its lack of serviced apartments for copper miners..forget mars and the nasa probe looking for signs of areas of prime real estate, its corsham all the way.
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OK so fine you like to live in a small market town but is it really a great investment. Looking at the rental that works at around 4% pa (before any management charges etc).
In addition, the dropping prices in UK will probablably deprecite your investment over the next couple of years.
Good luck to you it sounds like a nice town, but as an investment?????