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

If you are looking at 100% profit on the deal, now would be the time to take it and look for other options for investment.

I would look at development or re-development options, the right property or land in the right location can bring good returns, even when the investment climate looks gloomy.

Bill

Thanks for your reply Bill.

I actually dont live in london, so if i travelled to take the time needed to redevelop, develop or renovate would be difficult.

But if i could make the time and effort to do it, is it really worth it? I was wondering how much money it would cost to renovate a 4 bedroom property?

Is it possible to summarize the most important factors a buyer looks into before purchsing a property?

If anyone else can add to this would really appreciate it. Will be in london on the 2nd this month and bit hesitant with wether im going about it right.

Thanks

if they're giving that price, I would go for it!!! Especially in Acton!