I have been speaking to my Landlords for a long time about investing in the residential area close to Portwood Roundabout, the M60 link and the Peel Centre. Why!? I hear you ask. Well, in this region the property prices have not gone through the roof like they have in Edgeley (SK3) so you can still find a two bedroom terrace in good condition for £120k, which you will no longer find in the Edgeley area. In terms of rental price you would still be looking at the same per calendar month, which means one thing and one thing only – a better yield; and lets be honest that is what a Landlord is looking for when thinking of purchasing a potential investment property!
So, here is another fantastic opportunity in Charlotte Street, SK1. The property has two very good sized double bedrooms on the first floor as the bathroom is downstairs on the ground floor. This is not something to be concerned about and will not put tenants off. The advantage to having the bathroom downstairs is that you have two equal sized, large, double bedrooms which a lot of tenants are actually looking for. Also on the ground floor are two reception rooms, a kitchen, the bathroom as mentioned and then access out onto a garden at the rear.
The property does look as though it needs some cosmetic improvements and one thing I have noted is that it looks as though it requires new carpets throughout. With this in mind and a potential rental income of £650pcm this would give you a healthy yield of 6.5% which is excellent!
For more information on this property or if you are looking for a property in the area and would like some assistance in finding it then do give me a call on 0161 474 8668 or email me at email@example.com.
Over the next few weeks I am going to be taking you on tour around a property on Charlotte Street in Stockport in a ‘Homes Under the Hammer’ style video. I have worked with these investors to source this property which was on the market with us for £125,000 and now that the sale is complete we are looking at refurbishing the property to get it ready for lettings and getting the Landlords the best yield possible. I will be keeping you up-to-date with the progress we are making, so stay tuned!
For more information on this property, or if you are looking for an investment opportunity too then give me a call on 0161 474 8668 – Gemma Lowe, Lettings Manager, Stockport Exchange
Over the next few weeks I am going to be taking you on tour around a property on Charlotte Street in Stockport in a 'Homes Under the Hammer' style video. I have worked with these investors to source this property which was on the market with us for £125,000 and now that the sale is complete we are looking at refurbishing the property to get it ready for lettings and getting the Landlords the best yield possible. I will be keeping you up-to-date with the progress we are making, so stay tuned! For more information on this property, or if you are looking for an investment opportunity too then give me a call on 0161 474 8668 – Gemma Lowe, Lettings Manager, Stockport Exchange
The property, which was formerly the Olde Woolpack Pub, is situated adjacent to Junction1 of the M60 Motorway at Brinksway (A560), opposite The Pyramid Office Building and within five minutes walk of Stockport town centre.
On the market with a Guide Price of £265,000, it has the potential to be a good commercial to residential investment, subject to the correct planning and permissions.
Click here to see the property in more detail on the selling agent, Impey & Co’s, website…
I love working as an Estate Agent and finding properties for my Landlords which are great investment opportunities and today is another one of those days where I have stumbled upon something I would love to share with you…
Throughout my career I have always found (without exception) that an ex-council property rents well because the bedroom sizes are always fit for purpose – sometimes unlike a property which has been converted into 2 or 3 bedrooms and perhaps the room sizes are smaller than usual due to this. This is something that you don’t find in an ex-council property where all the rooms are appropriate sizes as they are purpose built properties. So without further ado, I introduce Knowsley Crescent, which is an ex-council, three bedroom property. The property is on the market with Ian Tongue and appears (from the pictures) to be in very good condition and therefore requiring little/no work to get it ready for Letting. If you have a look at the floor plan you will see that firstly the bedroom sizes are all very good and it will work well as a three bed. That on the first floor, the lounge/kitchen configuration is very nice and I am sure you will agree having a separate kitchen and a lovely large, bright living space is always appealing. Now, this property would rent for £75pcm to £825pcm in its current condition giving you a 4.9% to 5.2% yield… BUT hold your horses! I have an idea.
From the floor plan, you will see that the ground floor is predominantly a garage, with a small reception room at the back which then leads onto the garden. I think that this is where, in time you could add even more value. If this garage space was converted into a 4th bedroom then this would increase the yield further and would potentially let for £850pcm to £925pcm. This is where you see a great yield to up to 5.8% which is much better!
If you have any questions about this property or if you would like me to assist you on finding your next investment then please do contact me on 0161 474 8668 or email firstname.lastname@example.org and I would be happy to help you!
Please find below another blog piece by Seth Murphy on Open Houses and ways to attract homebuyers…
You are putting your home on the market and you want it to sell as quickly as possible. An open house is a great way to get interested buyers through the front door and placing bids. Of course, open houses don’t always inspire countless offers — you have to do it right.
There are various things homeowners often overlook when preparing their place to show to potential interested buyers. By knowing exactly what you need to do, you can avoid these simple missteps. Use the following tips to ensure you have the best open house possible.
Tips for an Open House
When putting your home on the market, you’ll want to price your home correctly! Your Estate Agent can help you with settling on an asking price and getting the listing exposure you need. They can also help you when it comes to setting up your open house. Your Estate Agent will be able to give you personalized tips when it comes to increasing your home’s curb appeal and properly staging your home. Furthermore, they should have plenty of resources for advertising an open house and getting enough traffic through your front door.
Improving Curb Appeal
Your home’s curb appeal determines the first impression it makes on potential homebuyers. If people don’t like what they see right off the bat, they are less likely to explore what your home has to offer inside. Just like with staging your home inside, cleanliness is key here. If your driveway or walkways are scuffed, stained or simply dirty, consider renting a power washer to blast off dirt and grime. You can also use a power washer to get rid of mold and mildew on your siding. A pressure wash over grimy areas of home’s facade can make your home look years younger after about an afternoon’s worth of work.
Landscaping is another key to improving your home’s overall curb appeal. This isn’t the time to do a huge overall of your yard architecture and aesthetic, but there are some simple things you can do to update your landscaping:
Re-edge mulch around borders of flower beds, trees, or other landscaping elements.
Replace patches in your lawn and keep your grass freshly cut.
Staging Your Home
When it comes to showing your house, there are going to be times where you’ll have potential buyers over and you aren’t able to have the place perfectly staged. However, an open house gives you the time necessary to put in the work and make your home as appealing as possible. It’s most likely no surprise that real estate experts advise that the home be completely and thoroughly cleaned before an open house.
While cleaning your home yourself is certainly possible, it really doesn’t hurt to tap in for some assistance from a professional. Luckily, you can find great deals on house cleaning through sites such as Groupon and LivingSocial. You can splurge on a one-time deep cleaning before your open house then keep up that tidiness yourself throughout the home selling process.
Beyond cleanliness, you’ll want to do things around the house to make it brighter, warmer and a bit more generic. Cutting back on the things that personalize your home helps make it more appealing to a wider audience. Put away excessive family photos, wall hangings and other decor touches like the kids’ art you hang on the refrigerator. Other updates you can make for open house staging:
Add more lighting fixtures in dark or sunless rooms.
Declutter kitchen cabinets and closets.
Open up curtains and drapes to let light through windows.
Consider having your windows professionally cleaned.
Put up evidence of pets and consider boarding them on the day of the open house.
An open house is a great way to show the best your home has to offer to potential buyers in your area. To make the most of this opportunity, it is important to go over the details when it comes to the appearance of the house. Curb appeal is your home’s first impression, and you can improve it by washing away dirt and grime and updating your landscaping. Once you get the people through the door, wow them with a professionally cleaned space that is decorated with warmth and light.
I hope you are all well and are getting ready for Spring coming? I have seen a few snowdrops whilst I have been out walking over the weekend, so I have a spring in my step today as Spring is most definitely one of my favorite seasons.
So, with spring on the horizon and my new found cheer I decided to scour the market for a new investment deal for you all and I have come up with the goods! I have found this lovely two double bedroom mid-terraced property in Stockport, SK1 so close to the Peel Centre and the Portwood Roundabout (making it very easy to access the M60 ring road) on Charlotte Street.
The property is available with Peter Anthony Estate Agents and is on the market at £119,950. The property is in a great condition (from what I can see on the pictures) and looks as though it would require no work at all in order to house a tenant – the kitchen and bathroom both seem in good condition, clean and modern! I believe a property like this should rent for £650pcm which would give you a yield of 6.5% which is a really good yeild and no money would need to be spent on the property so you would be able to get an income straight away.
For more information on this property or other buy-to-let investment opportunities, please do feel free to give me a call on 0161 474 8668.
A beautifully presented two double bedroom mid-terrace house available to rent from 20th March 2017. The property is located on Dawson Street in a lovely, quiet residential areas just off the main road of Carrington Road, which provides easy access to the M60. The property boasts two large reception rooms on the ground floor, with numerous period features, including a stunning fireplace surround and original period wooden flooring. One of the reception rooms is currently set up as a dining room and beyond this is a modern, country style kitchen complete with a built in fridge and underlighting. On the first floor is a large master bedroom and smaller second bedroom which still easily fits a double bed – perfect for guests or for a couple expecting their first child. The bathroom includes a three piece bathroom suite with shower over the bath and additional built in storage. The property is presented immaculately as the Landlord is currently living in the property, which means that the finish is perfect and to the rear of the property is a private garden which is paved, making it low maintenance but perfect for a BBQ in the summer. This property will be very desirable so please call us for a viewing. The property will be available to rent on an unfurnished basis, but unfortunately does not accept DSS applicants or Pets.
Call Gemma in Stockport Exchange to arrange a viewing on 0161 474 8668.
A very well presented, two double bedroom terraced house to rent with lovely period features on Dawson Street, SK1 for £650pcm. Call Gemma on 0161 474 8668 to arrange a viewing!https://www.julianwadden.co.uk/property-details/26810476/cheshire/stockport/dawson-street?page=1&instruction_type=Letting&address_keyword=sk1&property_type=&furnishing=&minprice=&maxprice=&showstc=on
A beautiful, well presented, period, three bedroom semi detached house to rent on Vicarage Road in Cale Green, Stockport. The property is available immediately and is located in the heart of Cale Green, close to Cale Green park and within walking distance to Davenport Train Station with direct links to Manchester Piccadilly Station. The property is extremely well presented throughout with a large entrance hall, large, contemporary living room, second reception room/dining room and a large separate kitchen complete with all appliances on the ground floor. On the first floor is a large master bedroom with built in wardrobes and a further double bedroom and single bedroom which would make a perfect study! There is also a modern three piece bathroom suite on the first floor of the property which is in great condition. At the rear of the property is a lovely private garden which also benefits from an off-road parking space. The property really must be viewed to be believed as it is an exceptional property and it is offered on a part furnished basis. Unfortunately this Landlord cannot accept any tenants with pets or in receipt of housing benefits.
A beautiful three bedroom semi-detached house to rent on Vicarage Road in Cale Green in Stockport for £800pcm. The property is available now, so call me on 0161 474 8668 to book a viewing! http://www.rightmove.co.uk/property-to-rent/property-63841621.html
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.