(covering SK1, SK2 and SK3)

Category: investment deals

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

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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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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

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Sales levels in recent months by type

The property market fluctuates on a seasonal basis, and this is particularly the case for sales rates. This chart shows how the market has changed over the course of the last few months. The most recent periods are estimates based on the previous year’s pattern.
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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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Maintenance Monday – this week we look at what to do in the event of a gas leak

Here’s the third instalment of Maintenance Monday, this week we look at what to do in the event of a gas leak #MaintenanceMonday #PropertyManagement #intheknow

Posted by Julian Wadden Estate and Lettings Agents on Monday, June 25, 2018

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OPEN HOUSE – Saturday 30th June – Call now to book your viewing slot

Coming to the market today, this stunning, two bedroom, fully renovated, end terrace property in Cale Green!

Coming to the market this week with an Open House on Saturday 1st July. A truly stunning two bedroom property on Warren Road in Cale Green

Posted by Julian Wadden Estate and Lettings Agents on Monday, June 18, 2018

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Attention Investors – A Possible Development Opportunity in Stockport Town Centre

This property has just been brought to the market by local commercial agent, Buckley & Co. The property is currently set up as offices over three floors, however, there looks to be potential to convert the first and second floors into residential units, leaving the ground floor as commercial (Subject to any consents).

The lovely looking building conveniently located on High Street, within walking distance of Stockport Town Centre, Redrock, Stockport Exchange, and both Stockport Train and Bus stations.

Follow the link here to the listing on Buckley Commercials website

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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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