United we fall...

[Oisin Milne]

ok, so I live in drizzly UK. You know, that place with ALL the weather.

I bring today some disparaging news. I was working out the numbers on a few properties in an area I may be moving to and found this:

Average price for a 2 bed: £165,000

Average rent for a 2 bed: £950/m

Can't help but notice that this is quite drastically below the 2% rule... it's less than even the 1%... it's close to 0.5, but how the hell would that be any good? Let's analyse 4 beds...

Average price: £255,000

Average rent: £1600

0.631%

So... yeah, what's a burgeoning new investor to do? :-S