The online agent ‘Purplebricks’ have added a reasonably priced, two bedroomed, mid terrace property to the sales market two days ago with a guide price of £140,000. The property is located in Portwood, Stockport, SK1. This is an extremely popular area for tenants due to local amenities, schools & transport links.
The property benefits from stretched open plan living on the ground floor with a seperate kitchen at the rear, to the first floor there is a big master bedroom, a good sized bathroom and a second single room. The condition looks ok and i wouldn’t expect any major works are required in order to let the property, perhaps just some redecoration. https://www.rightmove.co.uk/property-for-sale/property-66960897.html
I think the property would let for between £675 pcm – £700 pcm. Depending on what you purchased the property for and how much you spent on it once you complete would obviously determine your yield, but i think around 6% would be achievable. Give me a call on 0161 474 8668 to talk more.