A property intended to support retirement needs a realistic income plan and a view of wider financial risks.
Test the holding position
Consider debt, vacancy, maintenance, insurance and liquidity. Rental income can vary and the property may be costly or slow to sell. Plan for expenses before relying on rent to cover living costs.
Consider the wider plan
Assess diversification, tax, benefits and the timing of repayments with appropriately qualified advisers. An agent's property evidence is different from personal financial or retirement advice. No location guarantees income or growth. Choose a commitment that remains manageable if circumstances change, rather than assuming one asset will fund retirement automatically.
