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The Property Podcast

ASK452: Should I sell up in the south? PLUS: Is it time to cut the rent?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 29 October 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Happy Tuesday! Rob & Rob are back and answering two more of your questions!    (0:38) With four properties in the South-East, split between personal ownership and a limited company, Richard’s weighing up the investment potential of the area against the rest of the country. He’s considering selling and reinvesting in the North, where he believes yields and growth are more promising. But with costs like capital gains tax and stamp duty, he’s wondering if it’s really worth it. What advice will the guys have for him?  (5:38) Andy just bought a luxury two-bedroom apartment in Manchester City Centre, part of a 400-unit block mostly owned by investors. With many landlords dropping their rents to fill their properties faster, he’s wondering if he should do the same or hold out for the higher income he expected when he bought it.  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  Send us your question by calling us on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply) or click here to leave a recording via your computer instead.  Find out more about Property Hub Invest

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob.

0:03.0

And I'm Rob.

0:04.0

And this is Ask Rob and Rob.

0:06.0

Hey everyone, welcome to Ask Rob and Rob.

0:08.0

The show where you get your amazing questions in and we do our very best to give you a decent answer in return.

0:15.0

We've done this a fair few times now and we've also reminded you a fair few times of how you can get on the show.

0:20.0

But just in case it's not landed yet or you're new to us let's give you a reminder.

0:24.3

Yep so so easy just go to property hub dot net slash ask you can leave us a voicemail there

0:29.6

you can send us a written question for the Sunday Times whichever way you want to send your question in,

0:34.8

just get it done and you can be on the show just like Richard's about to.

0:38.3

Hi Rob, Rob. Thanks very much for all your useful output. It's really helpful for us budding property investors.

0:45.2

I'm based down in the southeast and I have four properties held within a limited company

0:50.5

and two properties help personally. My question really is about the opportunity in

0:55.8

the southeast versus the rest of the country. I have a feeling it might be sensible

1:00.5

given I plan to do this for at least another 10 years to consider liquidating the properties both personally and in the company and reinvesting up north where there's a slightly better proposition in terms of both yield and capital growth.

1:16.4

Of course with that comes realisation of capital gains, transaction costs,

1:21.6

stamped duty and the turnaround on transactions so I wonder transaction cost,

1:23.2

on transaction.

1:24.2

So I wondered if there's any general advice you can give or even some calculations

1:28.5

what might need to do to work out whether the opportunity cost of not doing it outweighs the costs of

1:36.3

transactions capital gains etc. Any advice on this would be really appreciated please

1:41.1

keep up good work. Thanks very much. Richard thank you for your question appreciate it's to answer and there isn't a simple formula you should use to say okay well if the returns fall

...

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