Edward Mellor’s Auction Department have listed an interesting property this morning, a two bedroom mid terrace on Thomson Street, Edgeley, Stockport, SK3 9DR. The guide price has been set at £120,000, of course as i’m sure you all know properties to be sold at auction often have an attractive listing price to generate early interest, however the description on this advert leads me to believe there could well be a deal to be done prior to Auction, potentially avoiding a bidding war & over paying what you would in the open market!
The property appears to be being sold with a tenant in situ paying £730.00 PCM, if purchased for the guide price of 120k this would offer a yield of 7.3% which is brilliant, a lot higher than the UK average. Located just out of Stockport Exchange & the Town Centre, 0.1 miles away from Stockport Train Station this location is brilliant, should the tenant decide to vacate in due course i wouldn’t imagine it would be difficult to find a new tenant!
Take a look at the Rightmove advert here & give me a call to talk further; 0161 474 8668.