Selling property

A question about : Selling property

I've just read a message from someone regarding an elderly person selling a Ј200,000 property and moving somewhere smaller.
I have just inherited a property and was thinking of renting it out.
However, it has been suggested to me that I should sell it, buy TWO smaller properties, and that will generate TWO lots of rental income!
Anyone like to comment or advise me??

Best answers:

• No advice but a couple of comments:
  1. You need to know what the likely rental income is for the types of property your talking about, but I think that you would get more rental income from say two semi's rather than one detached, but ..
  2. You have go the transaction costs and maintenance costs of two properties to factor in to the equation.
• VERY fair comment! Thanks for that!
• With the sharp rise in property prices at the moment you may have capital gains tax to pay when you sell the property to buy the two,I don't know all the facts on inherited property but it might be worth taking advice before you make any decision.
• You certainly will not have any capital gians tax to pay on the sale of your home.
  CGT is not paid on a person's home as long as they only have one home.