Noticed you said the property value is £275k? £275k property with £1700/pm rental yield is very, very good. Average rental yield (before tax) is around 4-6% o

Noticed you said the property value is £275k? £275k property with £1700/pm rental yield is very, very good. Average rental yield (before tax) is around 4-6% of property value per year. Generally speaking though, your point is true of course. Having enough capital to buy a property in London instead of renting (especially if you bought a few years ago) will save you a lot of money in the long run, provided that property prices don't go down between your your buy/sell dates.