Selling my rental property - now or wait?

[PurpleFlower1983]

I have decided to sell my rental property, the lease is currently at 85 years and I don’t want the hassle of renewing it in a few years, it was a property that I inherited, I am very much an ‘accidental landlord’ and it currently has a tenant who is in there until February 2020 at least.

I don’t know whether to wait until after Brexit to see what happens or to just bite the bullet and put it on the market with a sitting tenant.

Any advice? The property is a 2 bedroom flat in the North, it’s worth around £85000.

It depends how much you mind being a landlord. I became an accidental landlord because I had a property in negative equity. I hate being a landlord. I'm in the process of selling mine now. In this market it may take a few months to sell and you might not get as much as you'd like or what you would have got a year ago, it depends if you're happy to accept that. If it hasn't cost you anything anyway then I'd say that whatever you get for it is a bonus, so if you don't want to be a landlord or don't want to live in it, then obvs sell it!

Estate agents tell me many investors are happy to buy with a sitting Tenant who hasn't been a problem tenant. I made the mistake of evicting my tenant before putting it on the market and so am now paying its mortgage and council tax on top of the mortgage and council tax of my home.