March 17, 2020
central stockport location
If you’re looking for a buy to let investment in Stockport then look no further, this one bedroomed apartment within the Box Apartments building in Hillgate, Stockport, SK1 with a guide price of £80,000 is a brilliant buy!
The apartment is vacant and available with no onward chain so a quick purchase would be realistic. Located only 0.4 miles away from Stockport Train Station this would be attractive to young professional tenants that need to commute into surrounding areas including Manchester City Centre.
This apartment would let as is for £575 pcm, this would return a gross yield of 8.6% which is brilliant. The service charge on this property is £997 PA & the ground rent is £250 PA with 124 years left on the lease. This would return a net yield of just over 7% which is still a fantastic return well above the UK average.
I have copied a link to the Rightmove advert here so you can look further, give me a call on 0161 474 8668 to talk in more detail.