770 per year interest, and 12,600 rent. How is that not making enough?As an investment property it doesn't make much return?
rented at €1050 per month (market rent is about €1600-€1800)
Based on the legislation they are entitled to 6 month notice period anyways given the length of their tenancy.If you do decide to sell, maybe let the tenant know so that they have plenty of time to look around.
Why don't you raise rent toward market values? Even if it's in an RPZ you can increase by 4% pa.
When did you buy and for how much? If you ever lived there, when did you move out? CGT could be an issue when you sell.
Wow.Yeah I have been increasing 4% per year for each of the last 4 years.
Yeo, it's effectively ruled out investors as the rent caps the value at around 220k.Rent that much lower than market could interfere with the re-sale value then.
Sorry, I was basing on your own post that it hadn't been painted for 20 years and there are a number of jobs to be addressed.It isn't really poorly maintained, just needs a paint inside and few other things that 10k-15k would cover easily enough I would think
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