I hope you are all well. As per usual I have been perusing Rightmove and have today found a fantastic new investment opportunity for you in SK1. Some of you more saavy Investors will already know all about the exciting changes coming to the SK1 area and the investment that Stockport Council are putting into the area to change the ‘face’ of the town centre and in turn, change the perception of Stockport. One of the main focuses for the Council is to create an area in central Stockport that young professionals, perhaps even first time buyers, want to invest in and spend time and money socialising in. Consequently over the next few months and years we are going to see Stockport Town Centre change significantly and properties such as the one I have to tell you about today will be popping up all over the area.
Today, I want to tell you about a ten floor development boasting 100 stunning apartments for sale at fantastic, off-plan prices! The properties have just come to the market for Sale with Vestivia LLP and are due for completion in August 2018. To reserve one of these incredible one bedroom apartments off plan you just need a downpayment of £2,500 to secure the sale.
Now, lets get down to business… We all want to know what kind of yield these apartments will provide in return for the investment. Well, just around the corner from this property is a brand new development called ‘Archer House’ these one bedroom apartments completed in March and here at Julian Wadden Estate & Letting Agents we rented them out for £600pcm. The finish of the apartments in Archer House were to a very high standard with beautiful high gloss kitchens and built in appliances, which I believe these new apartments will also be able to achieve.
Therefore, for an investment of £97,625 you should be able to rent the apartments for between £600pcm and £650pcm which would give you a yield of between 7.38% and 7.99%.
For more information please contact me in the Stockport Exchange Branch of Julian Wadden on 0161 474 8668. I shall look forward to speaking with you soon!http://www.rightmove.co.uk/property-for-sale/property-67376915.html