I have been speaking to my Landlords for a long time about investing in the residential area close to Portwood Roundabout, the M60 link and the Peel Centre. Why!? I hear you ask. Well, in this region the property prices have not gone through the roof like they have in Edgeley (SK3) so you can still find a two bedroom terrace in good condition for £120k, which you will no longer find in the Edgeley area. In terms of rental price you would still be looking at the same per calendar month, which means one thing and one thing only – a better yield; and lets be honest that is what a Landlord is looking for when thinking of purchasing a potential investment property!
So, here is another fantastic opportunity in Charlotte Street, SK1. The property has two very good sized double bedrooms on the first floor as the bathroom is downstairs on the ground floor. This is not something to be concerned about and will not put tenants off. The advantage to having the bathroom downstairs is that you have two equal sized, large, double bedrooms which a lot of tenants are actually looking for. Also on the ground floor are two reception rooms, a kitchen, the bathroom as mentioned and then access out onto a garden at the rear.
The property does look as though it needs some cosmetic improvements and one thing I have noted is that it looks as though it requires new carpets throughout. With this in mind and a potential rental income of £650pcm this would give you a healthy yield of 6.5% which is excellent!
For more information on this property or if you are looking for a property in the area and would like some assistance in finding it then do give me a call on 0161 474 8668 or email me at firstname.lastname@example.org.
Gemma Lowe – Lettings Manager
Link to Property on Rightmove – http://www.rightmove.co.uk/property-for-sale/property-62997439.html