A great Shaw Heath, with an annual yield of 6% to 6.23%. Call now on 0161 474 8660 to book in to this Saturday’s Open House, or see more by clicking here
A great BUY TO LET investment opportunity on Ladysmith Road, Shaw Heath, with an annual yield of 6% to 6.23%. Call now on 0161 474 8660 to book in to this Saturday's Open House, or see more by clicking here – https://www.julianwadden.co.uk/property-details/27247199/stockport/shaw-heath/ladysmith-street-1?page=1&instruction_type=Sale&address_keyword=sk3&property_type=&minprice=50000&maxprice=2750000&showstc%2Cshowsold=on
I hope you have all had a lovely weekend despite the strange, stormy weather and the cold… winter is most defiantely on its way! I don’t know about you but I even went for the heating theromostat and got it going this weekend… it was just a little too cold for me!
I have some great news for you though… here at Julian Wadden we have been busy and have been instructed on this beautiful two bedroom terraced house on Ladysmith Street which would be a great home for a first time buyer but an even better Buy-to-Let Investment property, so for all you investors out there… look no further!
The property has a lovely modern reception room, complete with fireplace, a large neutral dining room and a new, contemporary kitchen to the rear of the property. On the first floor are two double bedrooms again, both neutrally decorated and a large bathroom with a three-piece bathroom suite. To the rear of the property and off the kitchen is a lovely lawned garden and the property also has side access off the street for the bins etc. As the vendor is living in the property i.e. it is owner occupied and not tenanted, the property has been refurbished recently and is very well presented and maintained – which I know will be very important factors for you when looking for a buy-to-let investment as busy people its great to be able to purchase something which is already complete and ready to let immediately on completion.
The property is on the market for £129,950 and needs no work at all. It will rent out for between £675pcm and £650pcm which will give you a very healthy yield of between 6 and 6.23%. We are going to be holding an open house at this property on 16th September 2017 so please give us a call in branch on 0161 474 8660 to book a viewing slot and to see the house in all its glory… and any questions give me a call directly!
Want to find out more about how to be a fit and proper Landlord and what your responsibilities as a Landlord are? Look no further! Our Lettings Manager at Stockport Exchange, Gemma Lowe has detailed everything you need to know in this video. To find out more information about Letting your property out please call one of our experienced Lettings Managers in Branch.
This week I have been scouring the Edgeley area for a great investment deal and I am pleased to tell you that I have found just the property for you! The property is located on Bloom Street, Edgeley and please do excuse the pun, but it is a BLOOMIN’ good deal!
The property consists of 5 bedrooms, but it has already been split up into flats, so thre are 4 flats in total, broken down as follows…
Flat 2 – A Studio Flat – currently rented at £395pcm
Flat 3 – A Studio Flat – currently rented at £395pcm
Flat 4 – A Studio Flat – currently rented at £410pcm
Flat 5 – A Two Bedroom Flat – currently rented at £550pcm
There is also development potential in the form of a double garage to the rear and large cellars below the property that could be converted to more flats in the future. All of the flats are currently occupied and therefore the total income currently stands at £1750pcm which is £21,000 per annum. This would therefore net you a yield of 7.24%, based on the for sale price of £289,950. With the development potential too, this could be even higher in the future, but as it stands it is currently a very good opportunity for an investor! From the images online (see the link below) the property looks to be in very good condition, with neutral, tasteful decor throughout so no modernisation or works would be required. I also think that on reletting these flats the rent could be a little higher so the Studio’s could be getting £425pcm and the two bedroom flat £600pcm, so that would already increase the rental income per month to £1875pcm and in total £22,500 per annum giving a higher yield of 7.76%.
The property is on the market currently with Edward Mellor in Edgeley but for any information on the potential future rents, or if you would like assistance with viewings etc. please give Gemma a call on 0161 474 8668.
Located just off Stockport Road in Cheadle Heath, this property is perfectly positioned and priced to be a fantastic Buy to Let Investment. It is a well finished, three bedroom, end terraced, and has been brought to the market with a Guide Price of £127,500. I estimate a monthly rental return of £700 which, based on its current asking price, creates a yield of 6.49%. Be quick, this one won’t be around for long!
I hope you are all well and having great sucess with buy-to-let investments! If not… then I have another great opportunity for you. This property comes with tenants in situ i.e. ready made tenants! Now, some people may be put off with this, and I guess this is understandable as it raises questions such as… who are the tenants? Have they always paid their rent on time? Are they the type of people you would like to rent to? How long have they lived in the property? Have they looked after the property? But don’t worry… all of these questions can be checked and answered during the conveyancing period. If you are not happy then we can always speak to the current tenants and get them re-referenced or it may be that these tenants are not intending to stay, they may be looking to buy and be looking for their first home.
I would really not let this small fact put you off. At the end of the day the tenants could be a great acquisition! Its not necessarily a bad thing or a worrying thing, you have tenants living in the property so you will start getting a rental income as soon as the conveyancing is complete and you have completed. For me its a win, win! New home and tenants already happily living in their rental home.
So, lets have a look at the property… this is a beautiful and very well presented period two bedroom terraced house in Heavily, on Chatswood Road. The current owners have finished the property to an immaculate standard and they have also converted the basement into an office/lounge, making great use of the space for any future tenants!
The property comprises a lovely lounge with gas fireplace, a large modern fitted kitchen and a rear pebbled garden. On the first floor is a large master bedroom and a second, smaller bedroom with contemporary bathroom suite.
As mentioned the property is currently tenanted until January 2018 and is currently achieving a rental value of £595pcm. This is a below market rate and the property should be able to achieve £650-£675pcm in the current Lettings Market. By January 2018 this could be even higher! Therfore, the current yield with the current tenant in situ is 5.49% which is an average yield. With a higher rental income the property could achieve between 6% and 6.23%.
If you would like to view this property but it is your first forray into Lettings and being a Landlord please do let me know if you would like me to accompany you on a viewing!
Today we are in Offerton, on Forbes Road (SK1) so take a sneak peak inside this property with me by clicking on the image below!
For more details on this fantastic investment opportunity, you can view the property on our website via this link: https://goo.gl/18kXeq alternatively give Gemma a call in the Stockport Exchange Branch on 0161 474 8668.
Today we are in Offerton, on Forbes Road, so take a sneak peak inside or see here for more details on the porperty https://goo.gl/18kXeq alternatively give Gemma a call on 0161 474 8668
As I said, I hate to show favouritism in any way but great investment properties keep coming up on Glebe Street that I just have to share with you, so here we go again! Glebe Street people…
This week I have another stunning two bedroom property available for sale on this excellent street in SK1. My other readers will have seen a post I did a few weeks ago about another investment in Glebe Street (which incidentally has now sold) and I explained that I think this area is a little bit untapped and has great potential for investors, as its out of the crazy mad frenzy of Investors that are currently taking over Edgeley! The other great thing about the SK1 region is its proximity to the M60 motorway for those renters who are looking to get out of Stockport to get to work and who will be needing to use the M60. Its also an excellent location for walking into Stockport Town Centre… for tenants who are a little obsessed with Topshop and Office like myself!
So my investment property of the day is a beautiful 2 bedroom mid-terraced house in Glebe Street. The property looks to be in excellent condition and is on the market with Edward Mellors, Hazel Grove for £127,000. The decor is modern and tasteful, making the property look very cosy and homely. It would be my guess that the property is currently owner occupied! I believe that this property could quite easily achieve a rental price of £675pcm which would give you a great yield of 6.4% which is amazing!
If you would like any more information on this property or if you would like to discuss investment potentials with me, please do let me know as I would be more than happy to assist you. This is an area of Estate Agency that I love to ‘invest’ my time in – excuse the pun! My phone number is 0161 474 8668 and my name is Gemma Francis, Lettings Manager at Julian Wadden Stockport Exchange.
This months Buy to Let Investment property is located close by to Stockport Town Centre on Gill Street in SK1. The double extended semi-detached property boasts four bedrooms and sits on a generous corner plot. We estimate a monthly rental income of £850 which, based on paying the current asking price of £169,950, creates a yield of 6%.
Cafelito opened its doors this week to its new Stockport Exchange branch and business is booming. The local coffee shop/eatery sits next door to Sainsbury’s local and is the final piece of the puzzle of Stockport Exchange’s second phase. I passed by yesterday and seeing the buzz in and around the café gave me a real insight in to the potential of the finished scheme. Cafelito can be found on their Facebook page.