November 6, 2017
A fantastic investment opportunity with a 7.5% yield in Offerton…
I am always looking for investment properties for my investors and today I have found a great property for you all! This property is located in Offerton, so the postcode is an SK2 postcode which I don’t often get the chance to write about as its quite rare to find a great investment in the Offerton area as house prices tend to be a little higher in SK2 than SK1 and SK3 where investment properties are a plenty! Therefore, its tricky to get the yield an investor wants in SK2.
However I have found something for you… so back to this great find on Norcross Close! The property is a three bedroom quasi semi which is in good condition. The property benefits from a spacious kitchen allowing for a dining area and also a large living room and utility room on the first floor. As per the image in this article the kitchen looks modern and has a nice neutral colour scheme – requiring little/no work. At the rear of the property is a large lawned garden – perfect for summer BBQ’s! It boasts three good sized double bedrooms on the first floor (which is a rare find) however I think from looking at the images that the property is in need of a little modernisation throughout in terms of the paint colours and bathroom tiling. Changing this to neutral colours would allow for a more modern look and feel and would attract more viewers and hopefully allowing us to achieve a better rental price for you!
The best thing about this property is the price! It is currently on the market for sale with Bridgfords Hazel Grove at £120,000 which is a great deal! I believe that after a small renovation (about £2,000 would need to be spent) that the property would rent for between £700pcm and £750pcm which would give you a yield of 7-7.5% which is fantastic!
If you want to book a viewing or if you have any questions about investing in a rental property in Stockport please contact me on 0161 474 8668.
Happy house hunting! Gemma