No. of Recommendations: 1
when the flat is rented i get £600 plus a month, for sure no investment will give me a return anything like that?

I don't know why you say that. Assuming £625/month (since you said £600 plus) is £7,500/year. That's a 4.17% return annually. However, once you take into account property/council taxes, repairs, maintainence, and vacancies/other times when the tenants don't pay, you're probably down to somewhere between a 3% and 3.5% annual return, at best. A 3% return would be £450/month and a 3.5% return would be £525/month. As already suggested, you could probably buy an annuity that would pay you £500/month. Or you could invest in divend paying stocks, preferred stocks, debt securities, or bonds.

AJ
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