I hear time and time again from Landlords that they would like to purchase more properties but with as little work to do as possible. They want something new and modern so I have gone in search of this for you this week and found this property available to purchase for £260,000 with Reeds Rains in Offerton.
The property is located on Forbes Road and it is a new build, therefore the finish is immaculate and the colour scheme is modern. The kitchen and bathroom have been finished to a very high standard. There are 4 bedrooms, with a large master bedroom in the loft space with an ensuite. There is a further family bathroom and a downstairs WC.
I believe that if this property was purchased by an investor it would be able to achieve £1,100 per calendar month, giving you a yield of 5.08%. There would be no shortage of tenants as there are very few properties of this calibre or with 4 bedrooms around. Large family homes are rare to find on the Lettings Market and so there is a demand for this type of property. I always think investing in these types of property are sound investments too, as in a few years you are pretty much guaranteed your money back as it is a beautiful family home that people will be interested in!
If you would like more information on this property or if you have any specific queries about Lettings, Investments or even if you have a property you would like advice on renting out then please do not hesitate to contact me on 0161 474 8668.
Cushman & Wakefield have been instructed by current owners, the Co-operative Bank, to sell the landmark building.
The building was formerly home to the Co-operative Bank but following a decision to relocate to other sites, it became surplus to current requirements. The bank had occupied the building in its entirety since 1995.
The Pyramid comprises 86,000 sq ft of office accommodation arranged over five floors with 426 onsite car parking spaces. It has been brought to the market with an asking price of more than £4.5m
The Stockport Carnival, which this year has a Summer Holiday theme, comes to town this Saturday. The procession will set off at 1pm on Belmont Way and is due to arrive at Woodbank Park at Approximately 2pm. There will also be a funfair starting at 10.30am and a mammoth all day Car Boot sale which kicks off at 9am.
On Monday 23rd July, Stockport Plaza are hosting an evening with some of the cast from the Harry Potter Movies. Stockport Plaza invite you to join them for a unique opportunity to get up close with some of the Harry Potter Cast, as they talk about their time on the movies.
Camilla Fayed wrote the below recently in The Times:
“Matt Nutter won the title of Chef of the Year last year at the Manchester Food and Drink Awards for his sophisticated take on vegan cooking at this simple bistro. Garden implements hang on the walls alongside a display of pickled, preserved and fresh produce, underlining that the menu is created from locally sourced, seasonal vegetables and fruit. The ten-course tasting menu is packed with creative dishes, including the signature shiitake mushroom parfait and a hibiscus, fennel and beetroot dessert”
This is another big win for Stockport thriving food scene!
Measuring commuting distance might seem a little obscure but it actually offers a particularly good insight into the character of any local housing market. For example, commuter towns tend to really come alive at the weekends but are quieter in the week. Areas where most people work locally will have a stronger community feel day-to-day.
It won’t come as any massive shock that houses are generally worth more than flats in our area. However, when it comes to the movements over time, these two broad types of property do not always behave similarly. Here we see how flats and houses have varied in price.
The property market fluctuates on a seasonal basis, and this is particularly the case for sales rates. This chart shows how the market has changed over the course of the last few months. The most recent periods are estimates based on the previous year’s pattern.