Author: Theo Perkin

cheadle hulme park run!

Whether you are looking to compete or just wish to get generally fitter without any pressure, then the Parkrun could be perfect for you. Cheadle Hulme Park host a weekly 5k run and encourages people to attend from all ranges of fitness levels. You just need to register, book on, and get down there. They also have runs located at Brabyn’s Park in Marple, and at Bramall Hall in Bramall.

Click here for more information

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INVESTMENT ALERT: A little elbow grease could required for this one… but it has bags of potential!

Hello Everyone,

I hope you are all well and had a very lovely Easter bank holiday?

I have another property for you this week, however for the first time ever I am bringing you a dooer-upper! This one has fantastic potential, however it will require a little bit of the old elbow grease… unless you have lots of spare cash to get the builders in.  I don’t know about you, but I do like to put my own stamp on things and get involved.

So, the property is on Bonar Road in Stockport which is in West Edgeley which is a lovely residential suburb.  It is a prime area for developers, investors and renters alike due to the number of local, surrounding schools, the residential feel of the area and the proximity to Stockport Town Centre and the main train station.  The property does not look to appealing at the moment, I shan’t lie, as it has ripped wallpaper in most rooms with some questionable paint choices,  but this is a three bedroom semi-detached property, with two reception rooms and after all the décor can easily be changed.  To the rear of the property is a large lawned garden, and again it does need tidying up, but it will not cost very much at all to do this and the work is minimal in this area.  In my opinion the property needs a new bathroom, new kitchen and a full refurbishment throughout, but with perhaps £15,000 of work spent on it and after the purchase of the property at £125,000 (which is the same price as completed 2 bedroom terraced houses are going for in the area) you would be looking at a rental yield between £700 and £800 per calendar month.  This would give you a rental yield of 6.22% to 7.11% which is definitely not to be sniffed at!!

The property is on the market with Reeds Rains Edgeley and if you would like to book a viewing and would like a Local Letting Agent to come along with you do give me a call on 0161 474 8668 as I would love to see this property myself!

Please see the link below for images of the property and for more information from the Agent selling this fantastic development opportunity.

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our clients give testament to the service we have provided them with…. read their testimonials and what they have to say about us here at Julian Wadden Stockport Exchange!

As a branch, Julian Wadden have now been open for 12 weeks and in this time, we have taken on a total of 113 instructions between Sales and Lettings. As many of you will know during this time we were running our 0% campaign, which has been absolutely fantastic and many Vendors and Landlords have benefitted from a fantastic service, free of charge!

We thought it would be nice to share with you some of the thoughts of our Landlords, Tenants, Applicants, Viewers, Vendors and Buyers in the form of their testimonials regarding the service we have provided them with, and how they feel about Julian Wadden Stockport Exchange…

 

Applicant after a Viewing, Rachael for Lettings Property…

Overall Service: Outstanding.

Comments: ‘Gemma …was extremely friendly and professional both over the phone and at the property. I’ve been to see about 15 properties and she is the most professional agent I’ve dealt with. She explained all about the property, gave me the info sheet and a form if I wanted to make an offer and explained how the process worked. This made it very clear and easy to understand for me as prospective tenant. She also called the next day to ask about my interest but also asked for feedback… Gemma was great and she is real asset to your company.’

 

Vendor, Tamzin…

Main Reason for Choosing Julian Wadden: ‘Recommended by a friend who was also selling with another branch!’

Comments: ‘No complaints whatsoever! Melissa was absolutely amazing, listened to me moan and panic and talked me through everything I was unsure of and explained it so well. We got everything done so quickly and sold and completed in 7 weeks! Could not thank her enough! What an amazing team and branch you have!’

 

Landlord, Stuart…

Main Reason: ‘Gemma approached me whilst I had my property to let with another agent and I felt her professional approach was the over-riding factor for choosing Julian Wadden. I was being quite let down with the service from them and from my initial contact with Gemma I was immediately impressed.’

Comments: ‘I cannot recommend your company and Gemma Francis highly enough and my property was let within 48 hours of signing up with you and throughout the process I was kept up to date and fully informed of each stage of the process. As a first time landlord this was very important to me and I feel that Gemma totally understood my situation and was very helpful and professional throughout every stage and I she is very much an asset to your company and I have since suggested to friends and colleagues your services.’

 

Landlord, Sandra…

Friendly Professional: ‘When Gemma visited me at the rental property she was always very professional and polite. I understand Gemma had then only just joined your company yet was very calm and knowledgeable and developed a good rapport with me straight away.’

Comments: ‘From the first phone call your office provided a speedy and efficient service. We agreed to put the property on the market sooner than I had originally envisaged, however this prompted a deadline to meet. The property let in the first day of viewing. As we were moving out of the property into a new house purchase, (with all the usual stresses!) the management of the rental property by Julian Wadden really helped take the stress away which was particularly helpful too as a first-time landlord. Thank you.’

 

Landlord, Kate…

Rate Service: ‘First class, very professional ten out of ten’.

Comments: ‘I have been very happy with the service I have received from all the staff members that I have come into contact with including the sales and Lettings team at Reddish, the Lettings team at Stockport and the Lettings Management team’

 

Landlord, Aaseem…

Comments: ‘Having one person to deal with throughout is excellent. Please continue to provide excellent service as its truly appreciated. I have already recommended someone else to your Stockport branch, because I found the staff so helpful. Nothing seems to be too much trouble. Thank you.’

 

Tenant, Helen…

Comments:Fantastic service from Julian Wadden, but particularly Gemma Francis. Knowledgeable and extremely professional as well as being friendly and warm, made us feel very at ease through the whole process and confident in the decision we were making. Thank you.’

 

Tenant, Rachel…

Would Recommend: ‘Yes’

Main Reason: ‘Staff are Very approachable and helpful. The service you provide is excellent.’

 

If this is the kind of service that you are looking for and you have a property that you would like to Rent out, or Sell please do give us a call on 0161 474 8668.

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A cheeky little investment property, in Edgeley…

Hello Everyone,

I hope you are all well and enjoying the fantastic Spring weather we have been experiencing over the last few days.

As per usual I have been perusing the Rightmove Website to find you another cheeky, little Buy-to-Let Investment and I have found a fantastic one for you all.

Speaking to Investors on a daily basis, I am learning rather quickly that Edgeley (SK3) is the desired location and so I decided to focus my search on this area this week so that I could bring you all exactly what you are looking for and I found this stunning property, requiring no work at all in Herbert Street.  I know that as an Investor it is more desirable to buy a property that needs little to no work, perhaps a re-paint but at the end of the day you want to invest your money in a sound investment that will make a profit for you, so I thought that this property would tick all the boxes!

This property is offered to you by Reeds Rains, Edgeley and it is on the market at £125,000.  For this you are buying an immaculate, 2 bedroom terraced house, with the desirable proportions of rooms that you tend to find in these properties, but on top of that you are also buying a fantastic location here.  The property is approximately a 2 minute walk from all the amenities of the Edgeley Town Centre/Edgeley High Street and is also a 5 minute walk from Stockport Station, where you will find a 24 hours Sainsbury’s Local and trains taking you into London in a fabulous 1 hour and 50 minutes!

If you want to buy this property for the asking price, and with no work required you would be looking at a yield of 6.48% which is great considering all the excellent qualities of this property.  I believe that I would be able to rent this property out for your very quickly and you would be able to achieve a rental price per calendar month of £650-£675.

I shall look forward to renting this out for you!

Gemma

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Julian Wadden Stockport Exchange are supporting RED NOSE DAY for COMIC RELIEF!

Meet the team supporting Red Nose day for Comic Relief…

  • Andrew Smirthwaite – Branch Manager wearing Snootankhamun
  • Gemma Francis – Lettings Manager wearing Sniffer
  • Melissa Harrison – Senior Negotiator wearing Sneezecake

We loved wearing our red clothes and red noses and hope to make lots of money for Comic Relief!  Please donate!

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What a lovely spring morning to wake up to…. and good morning investors!

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.

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they say money doesn’t grow on trees… but it does grow in property!

It was a very sad day when my mother said to me… ‘Gemma, Money doesn’t grow on trees!’ and in natural Gemma style I thought ‘pah, I will show you Sally!’

I am to this day still looking for a money tree and a four leaf clover (as I never did find one of those either) but I have found my own little money maker… money tree.

I soon learnt, after living in London for a few years that money does grow in property.  In houses, not in my bank account, but I never ever thought I would be able to get on the ‘so called’ property ladder or to be a Landlord.  That was a dream.  But I am very pleased to tell you that I am both… and money makes money.  Property really is the safest place to invest and let me show you another  little GEM (get it!?) that has appeared online with PURPLEBRICKS!

As I mentioned in my last article I am getting a lot of calls from people all over the country that are looking to invest their money in Stockport and I think that this property could be a fantastic option.

‘Where is it?’ I hear you ask… Well, it is just off the M60 at Junction 27 on a road called Carrington Road which is close to the popular Vernon Park area and the Woodbank Memorial Park. This mid-terrace house has three good sized, double bedrooms, an open plan kitchen/dining area and kitchen and a lovely shared garden at the rear of the property. The property has recently been refurbished, so it has a new, modern high gloss kitchen and a lovely neutral bathroom. It has also been painted neutrally throughout so it would appeal to most tenants looking to rent.

The property is being marketed at an asking price of £117,500 and for a property of this stature I think it could potentially rent out for £700 Per Calendar Month. This would mean a rental yield of 7.15% which is a great return on your initial investment!

The current owners bought this property exactly 12 months ago for £65,000 so I think that there may be a deal to be done here on the price to, for someone who is either a cash buyer or chain free! But don’t forget… there is potential capital appreciation here too!

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does your sleeping pattern mean you don’t sleep throughout the night… look for investment properties in this time, like me!!

So, I constantly annoy my other half as I am always awake during the night for at least an hour; playing on my phone and reading things.  I must say in this hour I am very productive!  People have worried about me over the years due to my weird, irregular sleeping patterns, but today I celebrate an article telling me I am normal. (As an aside you can view this article here if you like… DAILY MAIL SLEEP ARTICLE!)

Now that I have shared this with you, I would like to explain why I am telling you this.  I spent some time in the early hours of this morning (between 3am and 4am) awake (again!) but this time I decided to look on rightmove.co.uk for investment properties in Stockport.

I am spending many of my working hours enthusing about the Stockport area and assisting other people find investment properties in SK1, SK2 and SK3 or simply giving people who are calling me directly in the office what to buy, where to buy, why to buy in Stockport and telling them that if this is the way they would like to invest to do it quickly!!  Properties are going under offer at the asking price, not 10k-15k below, there are very few dooer-uppers as a lot of the beautiful terrace properties have already been ‘done’!

Once these properties have been purchased by the lucky buyer I am simply dying to get my hands on them (the property, not the buyer!) to take the photographs and produce floor plans and market them for Lettings.  I love this part of my job as its like a large team of people, investors and Estate Agents all working together to develop an area – in our case Stockport and we are really on a mission.

This morning during my awakening hours (see I told you there was some relevance) I found this little (well HUGE) superstar of a property… RIGHTMOVE – BRIDGFORDS PROPERTY FOR SALE.  Now I understand that not everyone will have a cool £765k spare but I felt really excited seeing this property.  Yesterday I met with a local investor and seeing what a fantastic job he has done with a huge, previously run down and dilapidated building, that was in desperate need of renovation, and I felt really inspired.

Here’s some more information about the property and an idea of a rental yield…

  • 7x One Bedroom flats (wow!)
  • 3x Studio Apartments (great!)
  • 1 Large Management Office (perfect for me…)
  • Currently netting £3000 per calendar month (that’s not bad…)
  • Tenants on Rolling Monthly Contracts – therefore no tenants in situ (great… no worries about having to wait for contracts to end)
  • 1 Acre of Land (…. brain ticking… does it have planning permission…)
  • Huge Basements running the entire length and breadth of the building adding on more development potential (… oh yes, yes, yes…. CONVERSIONS!  Another 4 flats perhaps?)

 

Currently the apartments in their raw state are netting £300 per apartment per month so a total income of £3000, which gives a 4.71% yield.  This is acceptable and not too shabby, especially for doing nothing at all.  But with some investment and some imagination what could you have…

However, with some spending on the property itself, renovation of all the flats (10 flats in total netting a healthy £500pcm once improved), development of the basement (providing another 4 flats at £500pcm) totalling an income of £7000 plus per calendar month and a £150,000 spend minimum for the works the yield would be around 9.18%. This is fantastic, I am wooping for joy and already spending my income…!!

Oh and do remember that Stockport is changing and the potential for the property to appreciate in value is untold… there is growth there just waiting to happen.

I cannot help but be excited by this property and just wish whole heartedly that I could afford it! POTENTIAL, POTENTIAL, POTENTIAL!!!

A girl can dream… (note the link back to sleeping!)

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thinking of investing your money… look no further, we have a fantastic investment opportunity for you!

You will frequently hear people say… ‘the safest place for your money is in property’, and they would be correct.  If you have some spare money my advice would be to find a reasonably priced property (perhaps up to £100,000) and purchase this.  Then find a trustworthy Estate Agent (myself!) and ask them to rent it for you.  If you don’t want to be too active with the property and have tenants calling you at any hour (to perhaps change a lightbulb) then lots of Estate Agents offer a fully managed service, which does exactly as it says on the tin – they fully manage the property for you.  Therefore, you can have your money invested in a property which is appreciating in value and you can have money coming in on a monthly basis to top up your bank account.

Stockport is a fantastic place in the North West to invest your money, as it is currently going through a huge 3 year regeneration program which will see the face of Stockport change dramatically.  So, I have been looking for some fantastic opportunities for you as investors and over the next few months I will be bringing you a range of investment opportunities.

Without any further ado, I introduce you to… BOX APARTMENTS.  We have recently been instructed on this property which is coming to the Sales market with Julian Wadden, Stockport Exchange for £79,000.  I know, I cannot believe it either – £79,000!  Fantastic.  Now you may immediately think, well for that price it is going to need a lot of work and you would be wrong!  The property is located in a new, modern apartment block on Marriot Street, which is where all the regeneration is Stockport is taking place, with the new Stockport Exchange development.  The property is a Ground Floor apartment and currently has tenants in situ, so you wouldn’t even need to find tenants – what a dream! At this point, I am waiting for you to pick up the phone and call us immediately (0161 474 8660).

However, if you need a little more persuading, here are the properties credentials:

  • A well presented, modern, one bedroomed, GROUND FLOOR apartment.
  • Perfectly located within close proximity of Stockport Town centre and convenient transport links.
  • Open plan living space incorporating a modern kitchen, a double bedroom, and a contemporary three piece bathroom suite with in bath shower unit.
  • Set within communal grounds and includes…
  • a DEDICATED PARKING SPACE in Stockport Town Centre

Below are some photographs, as you really do have to see it to believe it!

I would estimate that this property would rent for £500 – £550 Per Calendar Month.  This would mean that if the property was purchased at the asking price your yield would be 8.26% which is a fantastic return. I shall look forward to hearing from you soon…

Gemma Francis, Lettings Manager @ Stockport Exchange – stockportlettings@julianwadden.co.uk

 

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