Bridgfords are marketing a one bedroom flat located on Lee Street, with a guide price of £101,500. The property is in excellent condition inside and makes a great addition to a dynamic Property Portfolio in the Stockport area. Click here to take a look at the advert on Rightmove.
With its central location and modern finish, I would expect to achieve a rental return of £650-£700 for the flat. This would result in a return of 8% based on the above guide price.
For the one bedroom flat, the advertised charges are below. However these are subject to change dependant on the availability of the units.
Ground Rent – £250 Per year
Service Charge – £763.28 Per year
There are a number of different properties available to purchase in this development, if you are looking for something bigger or with a different scope on the return. Give Bridgfords a call if this would be of interest to yourself and give me a call on 0161 474 8668 if you are looking to invest in the Stockport area.