BTL flat in London or house outside London

[Mollyeyes]

Hello
I am thinking of getting a BTL. What would you do and where you’ll get max capital growth to sell in long term. Buy a on bed flat in London or a two bed house outside London in a county commuting distance to London and which county do you recommend please.

Thanks

Will you need a mortgage?
Do you have sufficient funds set aside to cover maintenance costs , and council tax during void periods in addition to sufficient funds to pay legal fees and cover all expenses if you are unluckily to have non/paying or difficult tenants.
Have you researched gas and electric safety legislation ,HMRC tax changes for landlords and eviction restrictions during COVID??

I'd go for the two bed because it's more flexible. Housemates or a couple or a new family could all go for it, whereas a 1-bed flat is far more limited for choice of tenant.

I think flats come with added hassle / potential problems (freehold, other tenants, access for works etc).

So I would go for a house. If that's outside of London so be it. What is your budget, you might be able to find an area in London where your budget stretches?

Thanks everyone, our budget is 325k cash and a pot aside for maintenance and void periods etc. Just wondering which one likely to up in price most should we sell in long term. Welcome recommendations of areas, thanks

Can anyone advise which one with likely increase in price over time? House or Flat and which areas near London to invest? Thank you

A flat will have service charges to consider which could be considerable with no or very little control over increases and management unless you also own a share of the freehold. There are also potentially more issues with neighbours to deal with either if your own tenants aren't very thoughtful or the neighbours above/below aren't so you could end up with tenants leaving if they are unhappy with say a noisy neighbour which maybe wouldn't be the case with a house, or at least less so. It just means there are more elements which are outside your control.

We sold a flat in London 21 years ago. There is no way that any of the properties we have owned since have gone up in value as much as the flat in percentage terms.

Buy a house. The issues currently surrounding leasehold aren't going away any time soon.

No wonder it's almost impossible for young people living in London to get on the property ladder.