(covering SK1, SK2 and SK3)

Month: January 2018

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fancy a very grand design in Stockport (Sk1), then I present you with bank chambers!

Hello Readers!

January has been absolutely crazy for Lettings!  We have had so many Instructions for new rental properties in SK1, SK2 and SK3 and so many Lets Agreed within these areas that my time has been taken up dealing with happy tenants and delighted Landlords. So, I am consequently living in a state of euphoria!  However, I am not here today just to boast about my lettings prowess, nope… I am here to tell you about a fantastic investment opportunity that I have come across and this type of investment is my absolute pleasure!

Since being young I have been an avid watcher of ‘Grand Designs’ and I love seeing the transformation of an old, quirky building with numerous period features being delicately revealed and methodically restored.  So, imagine my delight when today I came across this building on Rightmove!  For a cool £88,000 you could purchase a one bedroom apartment within this historic building in central Stockport, opposite Market Hall.  This building is called Bank Chambers and it has been purchased and restored by local developers who have done a fantastic job and produced 9 luxury apartments which are a mixture of one and two bedrooms.

The building used to be the Midland Bank, which is a stunning, grade two listed building and it is in the heart of the Old Town Centre of Stockport which has become an extremely trendy location within SK1.  These types of property/conversion are starting to pop up all over Stockport now which is extremely exciting, as more and more investment comes to the area and the regeneration gets underway!

So, ‘what would this property rent out at Gemma!?’, I hear you cry.

I believe a one bedroom apartment in this charming building would rent for somewhere between £600 per calendar month and £650 per calendar month based on the furnishings i.e. unfurnished vs. furnished.  I have found that people moving into the city centre do like some furnishings and that higher rental prices can be achieved if furnishings are available.  So, this would give you a very healthy yield of 8.1% to 8.8%.  I think this is one of the best yield’s I have seen in 2017-2018 so snap it up investors!

This property has been listed with Sebastians of Cheshire, (see link below) so please do give them a call to arrange a viewing and then pop into my office before you leave Stockport to discuss rental properties with me!  For more information or for a chat with me call 0161 474 8668.

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Painted pebbles are randomly appearing in parks across Stockport and Greater Manchester

Pebble art is making its way across Greater Manchester as families find a new reason to take kids to the park. The craze involves people decorating pebbles and hiding them for others to find. Children either take them home and replace them with their own creations, or hide them again so more people can enjoy the hunt.

Facebook groups have been set up across the country for people to share their ideas and places to look, and a number have sprung up in Greater Manchester. This includes Stockport Rocks which has a whopping 3,000 and lists the ‘rules of their game’ as:

  • Collect (or buy) some rocks
  • Decorate your rocks (on the back, write something along the lines of “If found, please post on “Stockport Rocks” on Facebook”). Rocks can be decorated using paint, chalk, sharpie pens, glitter etc. (Please make sure your designs are child friendly.)
  • Hide your rocks in safe, public places
  • Search for hidden rocks and when you find one (or a few), post a photo on this group then re-hide it for somebody else to find

It’s a great idea and is getting kids outdoors which can only be a good thing!

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What landlords need to think about for 2018

It looks as though 2018 will be a mixed year for landlords. Some will start to feel the pinch of the legislation that’s recently come into force, such as the loss of mortgage interest relief, while a number of tenants may give notice, due to incentives to buy. At the same time, there are likely to be some good deals around for landlords looking to expand their portfolios. For the rest, who may not have the means to buy in the next 12 months, it’s a good opportunity to take stock of their portfolio and make small improvements where needed to help translate rental income into better profits.

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Stockport interchange – Osborne lined up for first phase of £42m Investment

Osborne is in line to deliver the first phase of a major overhaul of Stockport bus interchange.

The contractor has been lined up to build a new bridge over the River Mersey at Astley Street to provide bus access to the interchange, which will replace the town’s existing bus station between Stockport’s rail viaduct and the A6. Stockport Council has procured the new bridge as an advanced works package, ahead of a wider redevelopment of the interchange and the surrounding area, which is expected to cost £42m.

In August the council chose WSP to conduct a feasibility study for the project and to outline potential development opportunities around the interchange area. WSP is working alongside architect BDP to provide services including building services, environmental consultancy, structural engineering, and town planning.

Potential uses for the land surrounding the interchange include residential, with an 150-home block mooted as part of the plans.

Read the full article here…

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The Stockport revolution: How £1bn is being spent in a bid to create a town that people can be really proud of!

As you have more than likely seen, there is a large amount of development currently happening in SK1 – Stockport Exchange is ready for its next phase, The Redrock Leisure complex is plactically finished, and there have been substantial road works recently and still ongoing. This, however, is just the start!

The full article, which can be found here, provides you with a thorough update on Stockport Councils plans for the next couple of years and how their £1bn investment shall be spent on improving the Town Centre, on projects from Stockport Bus Station to the much anticipated Covent Garden Housing Scheme.

It makes for a very interesting read…

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The CityLife Awards 2018 shortlists – how to vote for your Manchester winners

You can now vote for your winners of the CityLife Awards 2018.

The annual awards celebrate the best of the city’s diverse cultural mix in catogries ranging from ‘Best Restaurant’ to ‘Best Arts exhibition or event’ – and all the winners will be decided by the public.

Stockport has had some great results in recent years and I am delighted to see two fabulous restaurants, ‘Where the Light Gets In’ and ‘The Allotment’, listed within the top 5 nominies for Manchester’s best restaurant!

You can see all of the nominies and cast your votes here…

 

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