I am always on the look out for great investment opportunities for you and this week I have found another property that I think would (after a little work) give you a very good return/yield.
The property is on Stream Terrace, SK1 in central Stockport and has 2 good sized double bedrooms on the first floor and a large reception room, with separate kitchen on the ground floor. The property is quite tired in terms of its decor, so it does need some investment to refurbish it to a rental standard. This would include modernisation of the kitchen, bathroom, flooring throughout and neutral paintwork. I would imagine that this would cost around £15,000 to complete, which may sound like a lot of money, but when you find out that the property is on the market at £90,000 it suddenly doesn’t look to bad! For £105,000 you could have a lovely 2 double bedroom semi-detached house in a lovely residential area! The property would rent for around £695-£725pcm if modernised to a high standard which would give you a yield of 8.29% – amazing!
This wonderful opportunity is on the market with Reeds Rains, Offerton and the link is below if you would like to have a look at this property. If you are looking to purchase an investment property in the area and would like more information about the Lettings potential please do not hesitate to get in contact with me on 0161 474 8668 or email firstname.lastname@example.org.
Link to property online: https://www.rightmove.co.uk/property-for-sale/property-53863500.html