I hear time and time again from Landlords that they would like to purchase more properties but with as little work to do as possible. They want something new and modern so I have gone in search of this for you this week and found this property available to purchase for £260,000 with Reeds Rains in Offerton.
The property is located on Forbes Road and it is a new build, therefore the finish is immaculate and the colour scheme is modern. The kitchen and bathroom have been finished to a very high standard. There are 4 bedrooms, with a large master bedroom in the loft space with an ensuite. There is a further family bathroom and a downstairs WC.
I believe that if this property was purchased by an investor it would be able to achieve £1,100 per calendar month, giving you a yield of 5.08%. There would be no shortage of tenants as there are very few properties of this calibre or with 4 bedrooms around. Large family homes are rare to find on the Lettings Market and so there is a demand for this type of property. I always think investing in these types of property are sound investments too, as in a few years you are pretty much guaranteed your money back as it is a beautiful family home that people will be interested in!
If you would like more information on this property or if you have any specific queries about Lettings, Investments or even if you have a property you would like advice on renting out then please do not hesitate to contact me on 0161 474 8668.
Gemma Lowe, Lettings Manager
Link to Property on Rightmove – https://www.rightmove.co.uk/property-for-sale/property-54517014.html