stockport property blog

(covering SK1, SK2 and SK3)

Continue Reading

Scheme that could create 2,500 jobs for Stockport goes to consultation

A public consultation has been launched into plans for a large Stockport development – that could create 2,500 jobs. Property developer Quorum is proposing an extension of Bredbury Industrial Estate, which currently homes more than 100 businesses.

The development would deliver an £80m investment and 1.25m sq.ft of space to accommodate manufacturing, e-commence and logistics businesses.

Read the full article published in the Manchester Evening News here…

 

Continue Reading

Residential Development Opportunity in a central location!

The Property, being marketed by MBRE, is located on Lower Hillgate adjacent to Robinson’s Brewery and next to Dumbville’s Brow steps leading up to High Street to the rear of the site. The land provides an opportunity to develop a town centre parcel of land in the desirable Stockport Old Town which includes Lower Hillgate, Little Underbank and Stockport Market Place.

The site benefits from full granted planning consent for the re-development of the site to provide ground floor retail accommodation and residential accommodation over upper floors providing 21 residential units ranging from 25 sq.m up to 37 sq.m. Granted 4th July 2016.

Reserved matters relating to scale, layout, landscaping, appearance and access pursuant to outline planning permission ref: DC/059512 have been granted as of 13th July 2018. Details available from MBRE.

See the listing here

Continue Reading

A lot of work, but an incredible investment for the ‘w’right investor… introducing lesley wright house, sk3

Hi Readers,

I hope you got the very much intended pun above?  ‘W’right investor, Wright House?  Sorry, but I had to do it.

Anyway my latest scour of the property market for my lovely investors has brought this treasure to my attention – Lesley Wright House, Cheadle Heath, SK3.

It is a huge development and is currently a cluster house with 11 bedrooms within it and 6 bathrooms, over three floors and it most definitely requires a full refurbishment throughout.  This is obviously a huge project and I would estimate a cost of between £10-£20k per apartment created.  The sq footage of the building is 3648 which means you could probably get 7-8 one bedroom apartments out of it.  So the cost of the reburbishment would be approx. £150k.

With this in mind and the guide price of £430k it would mean a total outlay of £580k.  If each of the one bedroom apartments created was then rented for £575pcm as a minimum and there were 8 apartments that would give you a monthly income of £4,600 meaning your overall yield is 9.5%.  AMAZING!

The property is currently on the market with 2 agents, Edward Mellors and Harvey Scott, and I have posted the links to these Estate Agents below.

If you would like more information on this property or if you have any specific queries about Lettings, Investments or even if you have a property you would like advice on renting out then please do not hesitate to contact me on 0161 474 8668.

Continue Reading

attention investors – a lovely house that would make a great buy to let!

Hello Readers!

I hear time and time again from Landlords that they would like to purchase more properties but with as little work to do as possible.  They want something new and modern so I have gone in search of this for you this week and found this property available to purchase for £260,000 with Reeds Rains in Offerton.

The property is located on Forbes Road and it is a new build, therefore the finish is immaculate and the colour scheme is modern.  The kitchen and bathroom have been finished to a very high standard.  There are 4 bedrooms, with a large master bedroom in the loft space with an ensuite.  There is a further family bathroom and a downstairs WC.

I believe that if this property was purchased by an investor it would be able to achieve £1,100 per calendar month, giving you a yield of 5.08%.  There would be no shortage of tenants as there are very few properties of this calibre or with 4 bedrooms around.  Large family homes are rare to find on the Lettings Market and so there is a demand for this type of property.  I always think investing in these types of property are sound investments too, as in a few years you are pretty much guaranteed your money back as it is a beautiful family home that people will be interested in!

If you would like more information on this property or if you have any specific queries about Lettings, Investments or even if you have a property you would like advice on renting out then please do not hesitate to contact me on 0161 474 8668.

Gemma Lowe, Lettings Manager

Continue Reading

As superb, three bedroom, detached, bungalow with a large corner plot!

Watch the property tour here…

Three bedroom detached bungalow on Flint Close in Hazel Grove. Guide Price £409,050. Call now on 0161 474 8660 to view!

Posted by Julian Wadden Estate and Lettings Agents on Thursday, July 26, 2018

Continue Reading

The iconic Stockport Pyramid hits the market!

Cushman & Wakefield have been instructed by current owners, the Co-operative Bank, to sell the landmark building.

The building was formerly home to the Co-operative Bank but following a decision to relocate to other sites, it became surplus to current requirements. The bank had occupied the building in its entirety since 1995.

The Pyramid comprises 86,000 sq ft of office accommodation arranged over five floors with 426 onsite car parking spaces. It has been brought to the market with an asking price of more than £4.5m

Continue Reading

Stockport Carnival – This Saturday, 21st July!

The Stockport Carnival, which this year has a Summer Holiday theme, comes to town this Saturday. The procession will set off at 1pm on Belmont Way and is due to arrive at Woodbank Park at Approximately 2pm. There will also be a funfair starting at 10.30am and a mammoth all day Car Boot sale which kicks off at 9am.

Find out more on the popular annual event here…

Continue Reading
Continue Reading

Stockport’s The Allotment acclaimed in The Times as number one Vegan Restaurant in the country

Camilla Fayed wrote the below recently in The Times:

“Matt Nutter won the title of Chef of the Year last year at the Manchester Food and Drink Awards for his sophisticated take on vegan cooking at this simple bistro. Garden implements hang on the walls alongside a display of pickled, preserved and fresh produce, underlining that the menu is created from locally sourced, seasonal vegetables and fruit. The ten-course tasting menu is packed with creative dishes, including the signature shiitake mushroom parfait and a hibiscus, fennel and beetroot dessert”

This is another big win for Stockport thriving food scene!

 

 

Continue Reading