I hope you are all well and enjoying the sunshine this Friday afternoon.
I am very sorry for my awful pun above – chat to you about Chatham Street – but I do genuinely want to steal a moment of your time to talk to you about yet another fantastic investment property that we have just taken on the market for sale in Edgeley. The property is currently rented out and the tenant is paying below market value of £565pcm for this lovely two double bedroom terraced house. The rent could be much higher here, as the property is in good condition, has a very large open plan reception room and dining room which has lovely exposed floor boards. To the rear of the property and in an extension is a large, modern kitchen through which there is access to a huge yard! On the first floor, the layout has provided two large double bedrooms as the kitchen extension is carried up to the first floor of the property which has allowed for a separate, large and contemporary bathroom to be provided, off an open and spacious hallway.
I believe that in the current lettings market this property should be achieving £650pcm to £675pcm which would make any investor a healthy yield of 5.57% to 5.79% if purchased in line with the asking price of £139,950. This property is also extremely beneficial as in terms of the decor it needs absolutely no work. Its a total win, win, win…. and even better… I know for sure that I would be able to rent this to fantastic working professional tenants!
If you would like to discuss this property with me in more detail, or if you would like to book a viewing on the property or prehaps even just to know more about investing in rental properties in Stockport, please give me a call directly on 0161 474 8668, my name is Gemma Lowe and I am the Lettings Manager here at Julian Wadden Stockport Exchange.