I am considering if I should sell an investment property.
After CGT and fees I would probably get €130 to €140k. There is no mortgage.
I get €12,600 rent annually. It is in an RPZ. The property is newly renovated, maintenance costs should not exceed €1,000 per year. Insurance and LPT costs together are less than €500 There are no management fees or agents fees.
I have significant other exposure to property.
My timescale is long term. I hope to have some assets in my will.
What other factors should I consider.
I will not sell unless I know what I am going to do with the sale proceeds. €10k pa would probably be my max pension contribution.
Any advice suggestions welcome.
After CGT and fees I would probably get €130 to €140k. There is no mortgage.
I get €12,600 rent annually. It is in an RPZ. The property is newly renovated, maintenance costs should not exceed €1,000 per year. Insurance and LPT costs together are less than €500 There are no management fees or agents fees.
I have significant other exposure to property.
My timescale is long term. I hope to have some assets in my will.
What other factors should I consider.
I will not sell unless I know what I am going to do with the sale proceeds. €10k pa would probably be my max pension contribution.
Any advice suggestions welcome.