May 22, 2017
The incomparable Chinese State Circus are playing at Torkington Park, Hazel Grove, on Tuesday 23rd to Sunday 28th May, in a fully heated big top venue. The show, which has wowed audiences for over 2,000 years, is a breath taking one which must be seen to be believed, and can be enjoyed by all the family. Tickets start at £10 and go up to £28 for the ringside seats. For information on tickets.
May 20, 2017
This is an action packed arts and crafts session aimed at children aged between 2 and 5, with an emphasis on having fun. The session is taking place at the Hat Works in Wellington Mill on Friday 26th May between the hours of 10am and 12noon. Entry is £6 per child with up to two accompanying adults allowed in for free, and remember, they advise to ‘dress to get messy’!
May 12, 2017
How far people travel to work says a lot about the nature of an area. For example if people live and work in market towns there is likely to be a lot more community spirit to experience in daily life. When people are travelling further afield to work, they effectively spend their days on two different communities. It will be interesting to see if community spirit increases as people work more from home.
May 11, 2017
As an overseas landlord, your letting agent would be required to deduct tax from your rental income before sending it to you unless they have permission from HMRC to pay the rent to you in full. This tax would then be paid to HMRC quarterly and at the end of the tax year you would be provided with a certificate in order to complete a self-assessment tax return and prove how much tax you have paid. If you would prefer the rent to be paid in full so you could complete a tax return and pay any money owed directly, HMRC will provide your letting agent with an approval number once you have registered with them which they need to pay the rent to you in full.
May 10, 2017
This chart shows how house prices in the local area have moved over the last seven quarters. We’ve indexed flats, terraces, semi-detached and detached homes so they start at the same point so you can easily see how they’ve moved in relation to one another.
May 9, 2017
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
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!
May 9, 2017
More great news for Stockport Exchange came in last week when it was announced that Stagecoach will be moving their head offices there. They have signed a 15 year lease on three floors of the fantastic new development, which takes it close to it’s full capacity, following the confirmation that Cafelito will be occupying the remainder of the ground floor, next to Sainsbury’s. It’s really starting to take shape!
May 9, 2017
If you haven’t had a look at Stockport Councils Instagram account already, then I suggest you do. The account includes updates on local events, tells you what is coming to Stockport in the future, and celebrates our local parks and deep history. It is Council run, however, they regularly share the publics photographs and video’s. It is a great, interactive, way of keeping up with the on going’s within SK1.
May 8, 2017
St Augustine’s Church in Cheadle Heath is now under new ownership and is set to be transformed. The derelict church has been purchased by investment company, The Blackmore Group, and has planning in place for 9 luxury apartments. The first stage of the development is to bring the exterior of the building back to it’s former stunning condition, as it has been slowly deteriorating since it became vacant 10 years ago. It looks like its going to be a really quirky development!
May 7, 2017
A look at the annual sales charts for the last ten years offers a good indication of market activity within the local area. Patterns are in line with expectations given the nature of our area. While there is nothing too surprising about which type of properties have seen the most transactions, it’s useful to see how the market has performed since just before the credit crunch.