1920s property sell it or put it on rent

Landlord Discussion Property Investment
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Hi landlords,

I’m looking for some advice on what to do with my 1920s property. The house is currently valued at around £280k, with about £130k debt remaining on it. I can bring it to £100k when going to buy to let mortgage.

My concern is around the upcoming EPC requirements. To get it up to a C rating, external wall insulation has been suggested. However, I’m not entirely convinced this is the best option, as I’ve read that it can sometimes lead to damp issues in older properties like mine.

Given the debt position and the potential costs/risks of upgrading, I’m trying to decide whether I should:

  • Hold on to the property and look at insulation/other upgrade options and go through landlord journey

  • Sell it now and avoid the hassle/costs of upgrade and landlord duties. Buy myself large family home.

I’d be really grateful for any thoughts or experiences from others who’ve faced a similar decision.

Thanks in advance.

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I can’t advise on sale etc but we have properties from earlier than yours.

Insulating walls where there is no cavity results in mould.

Retrofitting 150mm insulation in the ground really does make a difference . Loft insulation and argon filled double glazing.

Floor insulation really does make a difference

It increases the temperature by six degrees.

Last 12 months we spent £600 on gas £800 on electric in 12 months with three students in a two up two down .

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do not insulate the outside. Load of rubbish. The best days of being a landlord are over ( Builder /Landlord) Your choice

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For most people the sensible advice would be to sell.

Particularly so if you are a higher rate tax payer (due to not being able to fully offset mortgage costs for tax) and if you are buying a larger new home for yourself as you would pay an extra 5% stamp duty on new home..

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Yes, I am high rate tax payer and its sad authorities are making things hard for ordinary people. My heart says just sell it, buy myself big property and later on invest in property.

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If you buy commercial to rent out duty is very much lower and some is zero