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Hi Folks
My cousin is thinking of buying a new build property to let out. He tells me it is quite cheap. However, this is largely due to the fact that the area had a bad reputation about 20-25 years ago. The usual stuff - burglaries, drugs, prostitution etc. However, it seems the area has cleaned up its act. The old properties have mostly been demolished and replaced by these new builds.
Would you recommend that my cousin buys a cheap priced property in that area, or not to bother because of the previous bad reputation?
Thanks
My cousin is thinking of buying a new build property to let out. He tells me it is quite cheap. However, this is largely due to the fact that the area had a bad reputation about 20-25 years ago. The usual stuff - burglaries, drugs, prostitution etc. However, it seems the area has cleaned up its act. The old properties have mostly been demolished and replaced by these new builds.
Would you recommend that my cousin buys a cheap priced property in that area, or not to bother because of the previous bad reputation?
Thanks
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