The Property Podcast ASK476: How should I invest my £50k? PLUS: Is this a red flag?
4 snips
May 13, 2025 Listeners tackle real estate dilemmas, including the challenge of investing £50K in properties. One individual grapples with choosing between a flat with high service charges and a more affordable house. Experts weigh in on the benefits of location and managing multiple lower-cost units. Meanwhile, another listener faces troubling signs during a flat purchase in Manchester, revealing unexpected service charge hikes and slow communication. The conversation dives into the importance of due diligence and navigating potential red flags in property investments.
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Invest Locally But Calculate Yields
- Be open to investing locally if the area has good potential, but don't ignore opportunities further afield.
- Calculate net yields thoroughly for flats versus houses, considering service charges and maintenance costs.
Cautiously Analyze Service Charges
- Be cautious when service charges jump significantly, a deficit exists, or no reserve fund is available in a flat.
- Ask your solicitor detailed questions and use tools like ChatGPT to analyze leasehold documents before proceeding.