You will frequently hear people say… ‘the safest place for your money is in property’, and they would be correct. If you have some spare money my advice would be to find a reasonably priced property (perhaps up to £100,000) and purchase this. Then find a trustworthy Estate Agent (myself!) and ask them to rent it for you. If you don’t want to be too active with the property and have tenants calling you at any hour (to perhaps change a lightbulb) then lots of Estate Agents offer a fully managed service, which does exactly as it says on the tin – they fully manage the property for you. Therefore, you can have your money invested in a property which is appreciating in value and you can have money coming in on a monthly basis to top up your bank account.
Stockport is a fantastic place in the North West to invest your money, as it is currently going through a huge 3 year regeneration program which will see the face of Stockport change dramatically. So, I have been looking for some fantastic opportunities for you as investors and over the next few months I will be bringing you a range of investment opportunities.
Without any further ado, I introduce you to… BOX APARTMENTS. We have recently been instructed on this property which is coming to the Sales market with Julian Wadden, Stockport Exchange for £79,000. I know, I cannot believe it either – £79,000! Fantastic. Now you may immediately think, well for that price it is going to need a lot of work and you would be wrong! The property is located in a new, modern apartment block on Marriot Street, which is where all the regeneration is Stockport is taking place, with the new Stockport Exchange development. The property is a Ground Floor apartment and currently has tenants in situ, so you wouldn’t even need to find tenants – what a dream! At this point, I am waiting for you to pick up the phone and call us immediately (0161 474 8660).
However, if you need a little more persuading, here are the properties credentials:
- A well presented, modern, one bedroomed, GROUND FLOOR apartment.
- Perfectly located within close proximity of Stockport Town centre and convenient transport links.
- Open plan living space incorporating a modern kitchen, a double bedroom, and a contemporary three piece bathroom suite with in bath shower unit.
- Set within communal grounds and includes…
- a DEDICATED PARKING SPACE in Stockport Town Centre
Below are some photographs, as you really do have to see it to believe it!
I would estimate that this property would rent for £500 – £550 Per Calendar Month. This would mean that if the property was purchased at the asking price your yield would be 8.26% which is a fantastic return. I shall look forward to hearing from you soon…
Gemma Francis, Lettings Manager @ Stockport Exchange – email@example.com