Welcome to week 4 of the Blog Posts.
This week I want to focus on Edgeley. It is an area I have seen grow rapidly in popularity amongst tenants over the last 12 months, with rental prices consistently exceeding expectations. So why is this?
Edgeley is conveniently located a 5 minute walk from Stockport Train Station, Bus Station, and the M60 Ring-road. Presenting excellent transport links across South Manchester and into the city centre. Therefore you have an abundance of tenants living in the area that will commute into the City Centre.
Aside from the close proximity to transport links, Edgeley is also conveniently located close by to green space, such as Alexandra Park. You are also a short walk into Stockport Centre with the new wave of bars, restaurants and independent shops opening.
In terms of the types of properties in Edgeley, there are rows upon rows of large, period terrace houses. These are perfect homes for young working professional couples, looking to start a family. With high ceilings, generally two large reception rooms and outside space to the rear, it ticks a lot of boxes for tenants looking to rent in Stockport.
Edgeley has gone from strength to strength over recent years, and I do not see it slowing down anytime soon. There are strong rental returns to be had in the area, coupled with capital appreciation on the properties themselves. It is certainly an area I would be advising you to invest in if you have not already.
For more advice on the area and types of properties to invest in, dependant on your individual investment needs, please reach out to myself on either firstname.lastname@example.org or 07384 810881.
Buy to let pick of the week
With this blog post focusing on Edgeley, I thought only right to highlight a property I have seen on the market in this area.
Bridgfords are marketing a two bedroom terraced property on Northgate Road, guide price of £190,000. Click here to take a look at the Rightmove advert.
The property is in excellent condition throughout. Turn key ready to be rented out right away, if you are looking for a hassle free addition to your portfolio. We have had huge success in Edgeley recently with strong rental demand. I would expect to achieve at least £950 rent for this property (perhaps more in this market), resulting in a solid 6% yield.
Give the marketing agent a call direct if you are interested in viewing this property and give myself a call on 07384 810881 to discuss the rental prospects of this in further detail along with advice and assistance on the BTL market.
Liam Foster – Lettings & Investment Manager – Stockport