(covering SK1, SK2 and SK3)

Category: investment deals

If you would like to purchase a poperty with tenants… then I have a property for you… CHATSWOOD AVENUE

Good morning readers!

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!

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Live tour of our fantastic new investment property on Forbes Road, Offerton

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

Posted by Julian Wadden Estate and Lettings Agents on Tuesday, July 18, 2017

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I’m not one for favouritism but a great property is great property… another investment for you in Glebe Street!

Hello Investors!

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.

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Buy to Let Investment Property of the Month

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%.

For more property details click here

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Stockport Exchange Phase 2 now complete and business is flourishing

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.

Click here for more details

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Exciting times ahead for Stockport with a stunning new development coming to SK1 in August 2018…

Hello readers!

I hope you are all well.  As per usual I have been perusing Rightmove and have today found a fantastic new investment opportunity for you in SK1.  Some of you more saavy Investors will already know all about the exciting changes coming to the SK1 area and the investment that Stockport Council are putting into the area to change the ‘face’ of the town centre and in turn, change the perception of Stockport.  One of the main focuses for the Council is to create an area in central Stockport that young professionals, perhaps even first time buyers, want to invest in and spend time and money socialising in.   Consequently over the next few months and years we are going to see Stockport Town Centre change significantly and properties such as the one I have to tell you about today will be popping up all over the area.

Today, I want to tell you about a ten floor development boasting 100 stunning apartments for sale at fantastic, off-plan prices!  The properties have just come to the market for Sale with Vestivia LLP and are due for completion in August 2018.  To reserve one of these incredible one bedroom apartments off plan you just need a downpayment of £2,500 to secure the sale.

Now, lets get down to business… We all want to know what kind of yield these apartments will provide in return for the investment.  Well, just around the corner from this property is a brand new development called ‘Archer House’ these one bedroom apartments completed in March and here at Julian Wadden Estate & Letting Agents we rented them out for £600pcm.   The finish of the apartments in Archer House were to a very high standard with beautiful high gloss kitchens and built in appliances, which I believe these new apartments will also be able to achieve.

Therefore, for an investment of £97,625 you should be able to rent the apartments for between £600pcm and £650pcm which would give you a yield of between 7.38% and 7.99%.

For more information please contact me in the Stockport Exchange Branch of Julian Wadden on 0161 474 8668.  I shall look forward to speaking with you soon!

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A beautiful investment for you… Glebe Street, Stockport, SK1

I decided that this week I would like to bring you a beautiful investment, something that is completely done up and ready to go on the market immediately.  It is quite rare to find a perfect property, that needs no work at all, but when you do find one it is extremely exciting!  I am also constantly hearing from buyers/investors that they want something where they need to do no work at all and will just be able to find a tenant immediately.  This is fine… but it does mean that your yield will have to take a little bit of a hit.  After all, when talking about property compromise is everything.

Without further ado I would like to introduce a stunning three bedroom mid-terraced house on Glebe Street that is in phenomenal condition.  The property has come to the market with Snapes Estate Agents for the fantastic, and very fair price of £155,000.  It has three double bedrooms, a stunning bathroom with a roll-top bath, a very modern dining room and kitchen and a large beautifully paved garden.  I believe that this property would rent out for £775pcm in its current condition, with no works required at all.  This would net you a very healthy yield of 6% and I am sure that you would have people queuing up to rent this property at this price.

I shall let you have a look at the pictures, following the Rightmove Link below, but if you have any queries or questions please do feel free to contact me in the Julian Wadden Stockport Exchange Branch on 0161 474 8668 or stockportlettings@julianwadden.co.uk.

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Buy to Let deal Mac Court Stockport

This is a fantastic investment property which is brand new to the market. It is located opposite Stockport College, within walking distance of bus and train links in to Manchester City centre. We anticipate a monthly rental return of £750 which, based on its Guide Price of £120,000, creates a great annual yield of 7.5%. You will have to be quick if you want to snap this one up! For more details on the property click here.

 

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ATTENTION INVESTORS: I have a fantastic investment for you this week on Greystoke Street for under £100,000…

I have a fantastic new property for you this week which is actually on with us here in the Stockport Exchange Branch!  I must say I am not a huge fan of promoting us via this portal too much, as I feel I should be promoting other properties in Stockport, but this one is just too good to ignore!

The property is on Greystoke Street, close to the centre of Stockport and it has the SK1 postcode to prove it.   I feel that this area is a little bit untapped by investors and slightly ignored, as everyone is focusing their invesment searches in Edgeley where certain agents are dominating the market and pushing the prices to an astronomical level which are quite frankly silly and causing investors to gain very little in terms of the investment potential, so I would air on the side of caution, step away from the Edgeley madness and have a look at SK1.  You may be surprised.

So, Greystoke Street is on the market at less than £100,000 which is extremely rare!  It is on the market for a fantastic price at £87,500 and there is a tenant living in the property at the moment who is paying rent each month at £495pcm.  This means that the return on your investment (if bought at the asking price) would give you an incredible yield of 6.79%.   Now I know that that is something to smile about!  For this price you will be getting a very well presented one bedroom, first floor flat within a terraced property.  The property was converted a while ago to two flats, but the finish is excellent and would appeal to anyone looking to rent a one bedroom flat, where the going rate in stockport centre is now between £500pcm and £600pcm for a lovely property like this.

To book a viewing please call me, Gemma Francis, Lettings Manager at Stockport Exchange on 0161 474 8668 and I would be happy to show you around myself and give you any Lettings advice and assistance you may require.

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INVESTMENT ALERT: Paintbrushes at the ready, I have a fantastic investment for you!

Hello Readers,

I hope you are all doing well and are finding lots of lovely properties to view in the area.  As usual Edgeley is proving to be very popular and I can see the house prices going up in this area as investors compete to buy here.  Finding something completely renovated and ready to let for £120k seems to be a little harder now, but there are some out there… you just have to find them!  Everyone is looking around this price (£120k) for an investment, some pushing up to £130k now as the market realises the demand and prices nudge upwards, but for a little extra money, there are still some really fantastic properties to be found.

So, this month I decided to look and see what was available around £150k as I thought that if I could find a three bedroom house at this level that needed very little work, but that could be rented out for around £750pcm I would still be able to achieve a good rental yield of 6% but it could mean I don’t have to compete with every other investor!

Here is what I found…

  • A semi-detached house
  • 3 large double bedrooms
  • An entrance hall, that is natural and has not been taken from the front living room
  • A large private garden
  • A bathroom and separate WC

 

LOCATION:  Broadhurst Street, Shaw Heath

PRICE: £149,950

CONDITION: From the images online I can see that the property currently looks to be lived in by the owners and a young family.  The property has a decent bathroom and WC but I think, due the family living in the property it could do with a re-paint in order for it to be neutral and an option for more tenants that perhaps don’t have children, or perhaps don’t want to use the rooms as the current owners are doing.  A repaint throughout would not cost a lot of money.  In addition to this to this I would advise new cupboard doors in the kitchen, or if the budget allows perhaps a new kitchen?  It is not in bad condition, but a little spruce up could mean a lovely property, more viewings and even more rental income per calendar month.  If you did all of this, you could be looking at a rental income of £795pcm which would provide a yield of 6.4%.

IDEAS:  Knowing the style of these properties, and the size of them I would imagine that this property has a large cellar and a lovely large attic space.  My ideas for the future with this property would be to save up and make a large bedroom in the attic (planning permission to be obtained) and to create an additional 4th bedroom.  You could even think about developing the cellar and excavating it in the future to make a fantastic kitchen dining room leading out through French doors onto the garden…  Can you tell I want this one!?

The property is currently on the market with Harvey Scott in Davenport, so I would call them immediately and get a viewing booked in!

ALL THE VERY BEST OF LUCK INVESTORS!

 

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