interest cut

Interest rates have been cut to 0.25% in a bid to shore up the economy amid the ongoing coronavirus outbreak. This is the first time since the financial crisis that the Bank of England has announced an emergency move.

Low interest rates may well help cushion the housing market in the months ahead. Over 70% of homes are purchased with a mortgage.

According to data from the Bank of England, activity in the mortgage market is currently at a four-year high and mortgage rates are increasingly competitive on the high street.

In 2008, interest rates were cut for six consecutive months, falling from 5% in September 2008 to 0.5% in March 2009. Low interest rates helped the property market rebound throughout 2009.

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ideal buy to let property

Snowden Wilkinson listed a property for sale last Thursday which would be a great investment opportunity, its a two bedroom, mid terrace property in Denton with a guide price of only £85,000!

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welcome lydia!

I wanted to give a big hello and warm welcome to the newest member of our Stockport Exchange team. Lydia Swann joins us today, starting as a Trainee Sales and Lettings Negotiator.

Welcome Lydia, I am very happy to have you on board!

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Stockport’s dining scene set to excel with two exciting new announcements

Two recent announcements are set to give Stockport’s dining scene further shots in the arm.

The first being that Gary Usher, owner of Elite Bistro’s which includes Didsbury’s fantastic Hispi, has teased that he has chosen Stockport as his next destination. Gary and his team have a fantastic reputation and will be a great fit for Stockport.

The second announcement is that the wonderful Sam Buckley, chef patron at Where The Light Gets In, will battle it out in this years Great British Menu.

Stockport is behind you Sam

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Fantastic Buy to let Opportunity In Gorton

Sanderson James have added a property to the market today that I think would be an ideal buy to let investment. The property is a Two-bedroom mid terrace in Gorton, close to Debdale Park and the Reddish Boarder. It has come to the market with a guide price of £100,000.

The property appears to be in good condition with a modern feel throughout. The property is of interest as it has two good sized bedrooms, also a utility space to the rear of the property which is always a bonus. The bathroom and kitchen would benefit from an update, but not in bad condition.

This property in its current condition would receive the expected rent between £600-£625pcm.

Give me a call to talk further; 0161 474 8668.

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Brilliant Buy to Let Opportunity in Stockport Centre

A brilliant buy to let opportunity has come to our attention on Alpine Road in Stockport, SK1. This two bed, two reception terraced property is on the market for just £110,000!

It is in need of some refurbishment, having previously been adapted for disabled living. However, even with these works and other cosmetic updating costs factored in, we estimate a good return with a yield of over 6% as the property would rent for between £625- £650 per month depending on its condition.

If you are an investor looking for more information, head over to Rightmove to check out the full listing and feel free to give me a call on 0161 474 8660 to discuss your options: https://www.rightmove.co.uk/property-for-sale/property-66533154.html

Author: Ellie Finch, Lettings Negotiator

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in need of refurbishment

Reeds Rains added a two bedroom mid terrace property to the market two days ago which would make a brilliant rental property. Located on Broadfield Road, Reddish, SK5 with a guide price of £100,000!

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Buy to let Investment Opportunity In Edgeley

Edward Mellor have a Two Bedroom end of terrace with usable cellar room listed on 18th February, the property is located on Greenhill Street, Edgeley, Stockport. This property will suit a BTL investor or owner occupier.

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