(covering SK1, SK2 and SK3)

Author: Gemma Lowe

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.

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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

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the sun is shining on this investment opportunity with a 6% yield for a lovely three bedroom semi-detached house in offerton, sk2

Hello Readers!

In this amazing weather, its all about having a garden… a lovely lawned garden, with just the right amount of sun lasting throughout the day into the evening.  So, with this in mind I wanted to find you a property with a lovely garden to sunbathe and BBQ in, in the summer but something that also had an excellent yield and I have found just the property on Webb Lane, Offerton.

This property is currently on the market for a very fair price of £170,000.  It is fully refurbished and if the pictures paint a true representation then the property is finished to a very high standard and when purchasing this property as an investment it looks as though you would not need to lift a finger.  With a modern colour scheme throughout (noteably grey and white!) the property looks contemporary, fresh and very appealing – all the things that will really appeal to a tenant when they are looking to rent, and I think this would fly off the lettings shelves!

I wanted to bring you a property this month, not only with a good yield and a great garden, but also something with three bedrooms!  The market is quite saturated at the moment with two bedroom terraced houses as the investors have snapped them up, so something like this which is a little larger and well presented is just what the lettings market needs.  A beautiful, smart family home.

Purchasing this property for £170,000 and renting it out for £850pcm will give you a great yield of 6%.  So if you are looking for something a little different, this is your property!

For any questions about this property, other similar properties or if you are simply looking to invest in Stockport and would like some advice then please do not hesitate to contact me on 0161 474 8668.

Happy investing, Gemma Lowe

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we are ending the week on a high in stockport exchange with 6, yes 6 lets agreed!

We are very please to have let 6 properties this week in Stockport Exchange!  It has been a very busy week, but we have lots of very happy landlords and happy tenants all excited about moving into their new homes!

If you have a rental property in Stockport that you would like us to let for you do not hesitate to contact us… the number is 0161 474 868 and Gemma Lowe will be very happy to assist you and do the same great job for you!

 

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A SNEAK PREVIEW of a very beautiful, modern two bedroom mid-terraced house on Chelmsford Road, SK3…

A SNEAK PREVIEW of a very beautiful, modern two bedroom mid-terraced house on Chelmsford Road, SK3 that will be coming to the market with the Stockport Exchange Branch TODAY!! If you watch the video for a virtual tour with Gemma Lowe, Lettings Manager and you like what you see, give us a call on 0161 474 8668 to book a viewing…

LINK TO PROPERTY ON RIGHTMOVE: https://www.rightmove.co.uk/property-to-rent/property-66194854.html 

A SNEAK PREVIEW of a very beautiful, modern two bedroom mid-terraced house that will be coming to the market with the Stockport Exchange Branch TODAY!! If you watch the video for a virtual tour with Gemma Lowe, Lettings Manager and you like what you see, give us a call on 0161 474 8668 to book a viewing…

Posted by Julian Wadden Estate and Lettings Agents on Friday, July 6, 2018

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dear investors, fancy a yield of 8.6%?! of course you do, so keep reading my latest blog article!

Hello Readers!

I have found a FABULOUS investment for you in Box Apartments, in the centre of Stockport.  The building is centrally located and is close to the Stockport Train Station so it is perfect for people looking to rent and perhaps commute into Manchester City Centre.  The property is on the fourth floor of this small block of flats and has a modern open plan, kitchen and living area complete with a fridge and washing machine.  There is a good sized double bedroom with modern wall paper and a bathroom with a three piece bathroom suite, including a shower over bath.  The apartment also has one allocated parking space.

This property is on the market with O’Connor Bowden for £79,950 and would rent out for £575pcm.  This would give you an incredible yield of 8.6%!!  AMAZING!  For any questions about this property, its location or the surrounding area, or if you are looking for an investment opportunity and would like some assistance please call me on 0161 474 8668.

Happy investing!  Gemma Lowe

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investors, i have a two bedroom, fully furnished duplex apartment available to purchase on lowfield road with a 8% yield…

Hello Readers!

I have another great investment for you this week, and this one is quite unusual as it comes complete with all the furniture, so you literally just need a tenant to move straight in!  The property is on Lowfield Road in Shaw Heath, Stockport which has great access to lots of local schools, is within walking distance to Edgeley Town Centre and to Stockport Train Station.   The property is located on the top two floors of a terrace house and comprises of two double bedrooms on the first floor along with a contemporary bathroom, then on the second floor, the loft area has been converted into an open plan kitchen living area.  The property is in a very good condition and would most definitely appeal to tenants looking to rent in the area.  The property is on the market at £99,950 and would rent for between £625pcm and £675pcm which would give you a yield between 7.5% and 8.14%.

The property is on the market with us here at Julian Wadden Estate & Letting Agents, so please feel free to give us a call to arrange a viewing on 0161 474 8668 or if you would like any more advise on rental properties, investment opportunities or such like then please feel free to contact me on the number above or at stockportlettings@julianwadden.co.uk.

Happy house hunting!  Gemma Lowe

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a fantastic investment opportunity for something a little more unusual in sk3 with a 4.8% yield…

Hello Readers!

When I talk to Landlords generally they are looking for a property that has 2 bedrooms and is no more than £130,000.  These types of properties typically rent out for £650pcm which gives a good return of around 6%, however it has turned into a little bit of a scramble to find these properties and when you do, there are numerous investors looking at them and at this price point they will probably receive multiple offers or will need a lot of work to get them to a lettings standard which can be stressful.  So, this week I bring you something a little different from the standard 2 up, 2 down, but that would still give you a good return, but with no work!  Sounds appealing, huh?

I have found this lovely, modern and well presented three bedroom semi-detached house, with driveway and front and rear lawned gardens in Cheadle Heath for £235,000.  The property is stunning inside, and it has been extended at the rear to open up the back of the property and allow for a large open plan kitchen/dining and living area with french windows opening onto a manicured lawn, and there is another, private reception room to!  On the first floor are two large double bedrooms and a smaller single bedroom making this property perfect for a family.  And… what do we know about families?  They tend to move to an area and rent LONG TERM.  Which means that you can reduce what you pay me on an annual basis for the tenant find!  Hehe!

This property is on Kenilworth Road, close to Abney Hall Park and I believe that it would rent our for £950pcm and it needs no work doing to it at all in order to rent it.  This would give you a yeild of 4.8% which is not to be sniffed at.  The property is on the market with Mitchell Williams so give them a call to arrange a viewing and if you want me to accompany you give me a call on 0161 474 8668.

Happy house hunting!  Gemma Lowe

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*open house* tomorrow at this fantastic investment property on stream terrace, sk1

Hello Readers,

I love to keep you up to date with properties on the market that I think would be great buy-to-let investment opportunities and this property on Stream Terrace is no exception.  The property is immaculately presented throughout and it is in very good condition.  It is available to purchase for £145,000 and I believe that it would rent for £725pcm.  This would give you a yield of 6% which is very healthy.

I also think its a great opportunity as the property needs no work at all.  It boasts two good sized double bedrooms (not one double and one single), a modern bathroom, a lovely open plan kitchen living area with a modern kitchen and french doors opening onto a well presented lawned garden with new fencing and a matching shed.

If you would like to view this property with us, then we have two slots that have opened up tomorrow for our open house, so do not hesitate give us a call on 0161 474 8668 and arrange a viewing.

HAPPY INVESTING, Gemma Lowe

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another fabulous investment property with a 6% yield in offerton, stockport, SK2!

Hello Readers!

I have another spectacular investment for you!  This time in Lisburne Close in Offerton, Stockport, SK2.  The property is immaculate throughout, has a modern kitchen and the owner has used a neutral colour pallate throughout to decorate the property, so there would be no work to do before the property was ready to be let out.  The property is over three levels with two good sized double bedrooms on the top floor, a large bedroom, bathroom and reception room on the first floor and a large modern kitchen on the ground floor with WC.  There is also a garage on the ground floor, which could in time be made into a reception room then the reception room on the first floor converted to a bedroom, making the property a fantastic 4 bedroom property with a fantastic yield!

As the property is at the moment, I believe that this could be rented out for £795pcm which would give you a yield of 6.36% as the asking price is £145k which is fantastic!  With the works completed and the property being a 4 bedroom property in the future, the rent could be in the region of £875pcm which would be a yield of 7%… amazing!

For more information on this property or if you are looking for an investment property in the area then please do not hesitate to contact me on 0161 474 8668 or email me on stockportlettings@julianwadden.co.uk.

Gemma Lowe – Lettings Manager

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