One for all you doom mongers out there
A friend of my wife has recently moved to Australia. She has a house over here which was valued at £160k. She has put it on the market for £130k for a quick sale but it isn't going. I suspect this might have something to do with it standing empty and probably in need of a bit of a spruce up.
I have toyed with the idea of buying it and tarting it up and then either putting it back on the market or renting it out. We currently owe £100k on our house but have about £150k of equity in it. So should I take this step into the buy to let market?
A friend of my wife has recently moved to Australia. She has a house over here which was valued at £160k. She has put it on the market for £130k for a quick sale but it isn't going. I suspect this might have something to do with it standing empty and probably in need of a bit of a spruce up.
I have toyed with the idea of buying it and tarting it up and then either putting it back on the market or renting it out. We currently owe £100k on our house but have about £150k of equity in it. So should I take this step into the buy to let market?
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