I have a fantastic new property for you this week which is actually on with us here in the Stockport Exchange Branch! I must say I am not a huge fan of promoting us via this portal too much, as I feel I should be promoting other properties in Stockport, but this one is just too good to ignore!
The property is on Greystoke Street, close to the centre of Stockport and it has the SK1 postcode to prove it. I feel that this area is a little bit untapped by investors and slightly ignored, as everyone is focusing their invesment searches in Edgeley where certain agents are dominating the market and pushing the prices to an astronomical level which are quite frankly silly and causing investors to gain very little in terms of the investment potential, so I would air on the side of caution, step away from the Edgeley madness and have a look at SK1. You may be surprised.
So, Greystoke Street is on the market at less than £100,000 which is extremely rare! It is on the market for a fantastic price at £87,500 and there is a tenant living in the property at the moment who is paying rent each month at £495pcm. This means that the return on your investment (if bought at the asking price) would give you an incredible yield of 6.79%. Now I know that that is something to smile about! For this price you will be getting a very well presented one bedroom, first floor flat within a terraced property. The property was converted a while ago to two flats, but the finish is excellent and would appeal to anyone looking to rent a one bedroom flat, where the going rate in stockport centre is now between £500pcm and £600pcm for a lovely property like this.
To book a viewing please call me, Gemma Francis, Lettings Manager at Stockport Exchange on 0161 474 8668 and I would be happy to show you around myself and give you any Lettings advice and assistance you may require.