September 3, 2019
apartment in central Stockport with a yield of 8.6%
Julian Wadden Estate Agents have for sale a one bedroom apartment in SK1, the property came to the market three days ago with a guide price of £80,000!
The apartment is located on the second floor of this five storey development, located moments away from the A6 and only 0.4 miles away from Stockport Train Station. This apartment would be perfect for a young professional tenant.
The property is Leasehold, the service charge has been confirmed at £997 per annum and the Ground Rent at £250 per annum. This property does have a tenant in situ until November 2019 at £550 pcm however i would think this property would now let for £575 pcm. If you purchased the property for £80,000 and achieved the £575 pcm rental figure you would have a return yield of 7.06% even after the service charge and ground rent has been paid.
Take a look at the advert here on Rightmove and call me on 0161 474 8668 to talk further or if you have any other buy to let queries.