Good Morning Investors! I hope my blog post today finds you well and that you are enjoying the lovely spring weather…
Today, I am bringing you a fantastic new development opportunity on Eryngo Street in Offerton. The property is currently on the market with Purple Bricks, (who are an online agent) and they are advertising this fantastic 4 bedroom period cottage for £130,000. It is located on a beautiful pedestrianised, cobbled street tucked away from the main road yet close to local amenities and the popular recreational space of Woodbank Park. From the pictures online it looks as though the property has recently undergone a renovation, but I would definitely advise a viewing to check this! That being said, I don’t believe that for an Investor looking to rent the property out any works would be required and I would expect the property to be able to achieve £725-£775 Per Calendar Month. This would give a yield of 6.69% to 7.15% which is an amazing return! Please find a link to this lovely house below…
If you would like any more information on this property, or if you would like me to arrange a viewing for you and carry it out on your behalf please do give me a call on 0161 474 8668.
Friends of Lumb Lane Park, I Love Bramhall, and I Love Cheadle Hulme invite you to join then for a family fun day and dog show. It will be held on Bank Holiday Monday, the 1st May, and the venue is Lumb Lane Park. It is set to be a great day out for all the family.
More great news for Stockport Town centre arrived last week when two large national brands committed to new shop units within the soon to be refurbished Merseyway. Trespass and Holland & Barratt are the latest in a flurry of brands to commit their business to our town centre, which is a great sign of things to come.
Popular ITV show, The Voice, is coming to Stockport, offering you the opportunity to audition. The auditions are being held on Sunday 30th April 2017, from 7pm. The location is Remedy Bar and Brewhouse, Market Place, Stockport Centre. Its a great opportunity for any unrecognised superstars out there to get their name out to the public.
Grand Central Leisure Centre is to benefit from a multi-million pound programme of investment, which will improve and refurbish the current facilities. Life Leisure have been working with the Council in order to bring in the changes; ranging from the front of the building, to the changing rooms, to re-instating the previously popular log flume! Read more and follow the story here…
From individuals to large families, the spread of household size can indicate the likely availability of appropriately sized properties. The most common size of household in Stockport is one occupant, and makes up 34.1% of the total households in the area.
Unsurprisingly, another large commercial building has now been purchased by a developer, with the intention to convert it in to residential accommodation. Regal House is perfectly located on Duke Street, off Petersgate and has planning for circa 110 apartments, so investors stay tuned.
We brought this property to the market earlier this week and it really is a great investment. On the market for £108,000, the two bedroom terraced property is great value due to it’s fantastic central location, opposite Stockport College. We estimate a monthly rental income of £650 which creates an annual yield of 7.2% based on the current asking price – you will need to be quick!