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Forget Leasehold Flats!
One/two bed flats are are extremely uneconomical investments. Aside from the uncertainties and costs associated with being a leaseholder, small flats have poor cash flow and therefore are vulnerable to increased costs and especially vulnerable to voids because they're let as a whole property (as apposed to individual rooms).
At the time of writing this, in one of our investment areas we see that one bed flats are around £130,000 and make £700/month whereas three bed houses are £180,000 and make £2,500/month (once cheaply converted). Remove typical room let bills from the later and you are left with £2,000/month.
The enormous income difference more than justifies the extra purchase costs wouldn't you agree? Extrapolate the extra cash flow out to a portfolio of five properties and the difference is £6,500 extra per month.
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