OK, so a bit of a background. Mortgage free on own home and not looking to upgrade. Have a BTL property as well. I'm 48, need to think about investing for my children (I have 5, I'm currently seeing one through university, so hope to pay for other children fully too) and I need income for old age. I have no real pension. Household income per month is approx £6k (this includes the BTL rental), so I have no real need for the money as a day to day expense, but I really want to retire in say 8 years, I'm tired, I was thinking property, but where I live (High Wycombe) £300k isn't going to get me a house. Any places I could buy a house with a good rental return which is up and coming and has potential? I was thinking of Aylesbury due to the HS2 and the fact that it has a hospital, so always need for staff to rent. Anywhere else?
I already have maxed my stocks and shares ISA this year and have started a junior ISA for my children (although just started on the 4th and 5th child as I didnt think of it before, so I might put in £9k in each to start off their uni fund (they're 11 and 12).
I'm not keen on keeping money in the bank as I do not deal with interest money (so buying premium bonds is also out of the question).
Any ideas would be gratefully received.