As you regulars will be aware I am always on the lookout for great properties with a great yield and today I have another fabulous option for you on Ward Street in Stockport. This property has been on the market quite a while and has been price reduced a couple of times so I think that there is an opportunity to do a deal here with the Estate Agent selling the property, as the vendors are surely looking to sell quite quickly.
This property on Ward Street has two good sized bedrooms on the first floor (which is always important when looking for a rental) and a good sized reception room on the ground floor with a large eat in kitchen. At the rear of the property is a private garden – now I can see from the pictures that this needs decluttering, but at the end of the day you are buying the building, not all the vendors goods, so please don’t let this put you off! If you can see past all the clutter (like me) you will be able to see that there is a great investment to be had here. The property is located in Stockport Town Centre, SK1 and is about a 10 – 15 minute walk from the town itself, its on the 192 bus route and is a 5 minute walk from Stockport Train Station.
The property is therefore a 2 bedroom, end of terrace on the market for £100,000 which is very rare to find these days in Stockport! I believe that once completed, de-cluttered and with perhaps a repaint to freshen it up, this property should rent for £650pcm. That would give you a great yield of 7.8%.
So, look no further readers, this is the best buy-to-let out there at the moment and is a great property to start your portfolio with, cheap, cheerful and it will make you money! Book your viewing with Bridgfords Stockport now and get your offer in! If you would like any assistance on the viewing or if you have any questions about buy-to-let investments and lettings give me a call on 0161 474 8668.