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Can an investment be made by buying a retirement flat as investment..and rent it out?

Thinking of buying a Retirement property as investment buy..Is this a mistake..Please

Asked on Mar 21 2010, House Prices in New Malden | Report content

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  • Retirement properties are not usually suitable for investment purposes as capital values will not grow as much as normal properties and the rental market for them is limited.

    Answered on Mar 22 2010, Report content
  • I would not advise buying a retirement property as an investment, as there is a very limited rental market and typically the maintainance fees are much higher than a standard flat as there are more services to pay for. The resale market is also very slow for the above reasons. I would recommend looking at a cheap freehold or self maintaining leasehold with a good length of lease remaining as a better investment opportunity,

    Answered on Mar 22 2010, Report content
  • Remember we have an Ageing Population, so how about investing in the development?

    Answered on Mar 22 2010, Report content
  • It is possible although there may be restrictive covenants within the lease that will not allow you to rent the property and of course the answers already provided indicate that this would be a very risky investment.

    Answered on Mar 22 2010, Report content

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