I currently rent out my mum's old house and get £800 pm in rent (obviously less when work needs doing which makes it a bit unstable to live on) and am now considering selling. When she died it was valued at £325k at the end of the peak in 2005. I know prices aren't great at the moment but I am thinking I may well get more if I invested the lump sum and lived on the interest?
Any advice on what to do would be great as I have now had 2 consecutive months of living on £500 and I can't see how I can do this without going back to work, which I would rather not do until DD is in full time school.
Thanks in advance :)
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Advice on whether to sell house and invest or keep renting it out please!
5 replies
ATouchOfStuffing · 08/04/2013 20:44
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