Reeds Rains are currently marketing a two bedroom apartment in St.Marys Court, located in Millgate in the centre of Stockport. Guide price of £155,000.
The property is currently rented out at £795pm until June 2022. This gives you in excess of a 6% yield with a tenant already in situ. There would certainly be room to increase this rent also in the future with demand in the market.
As you will see from the advert, the property is in excellent condition with no works required. With there already being a tenant in situ, I would expect the necessary safety certificates to be in place already making this a straightforward BTL opportunity.
Get yourself booked in for a viewing with Reeds Rains if this property is of interest to you. I can then assist you with the management of the property and ongoing letting upon the current tenant vacating.
If you are looking to expand your property portfolio in Stockport or already have properties in need of letting/management, give me a call on 07384810881.