Tag: investment

Piccadilly View – Planning approved on this stunning £30m Town Centre development

I am delighted to announce that we have been instructed as selling agents on this stunning new Town Centre development.

Local developer Sal Arya, of Urbanize Homes, have appointed CPUK to build their brand new 13 storey, 164 apartment building on the former Greenhale House site. The project was given the go-ahead last week by Stockport’s planning committee, with builders due onsite in April 2019.  

The plans for the site include 78 one-beds, 84 two-beds, and two three-bedroom penthouse apartments in a 13-storey block along with a commercial unit at ground floor; this is likely to be occupied by a coffee shop. Nine of the apartments are to be affordable, in line with Stockport’s planning policy.

We are taking enquiries immediately. If you are interested and would like further information then please contact me at andrew@julianwadden.co.uk

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Great Buy to Let Investment in Stockport’s Famous Market Place

Hello Readers,

I’ve found this wonderful investment property that I’m excited to share with you! The property has just been refurbished throughout to a high and modern standard yet still retains its period features such as a large leaded arched window. Nestled within the cobbled streets of Stockport’s Market place, this chic property comes with the added benefit of a parking space!

Stockport’s Market Place is in the historic heart of this town so if your looking for something a little special with a rental yield of 5.96% then this could be the property for you. This projected yield is based on a monthly rental of £695.00.

This property is currently being marketed with no chain by Edward Mellor and more information can be found  here: 

Click here for an insight into why Stockport is such a great area to invest in.

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Stockport into best buy-to-let investment area Top Ten

Stockport has entered the top 10 of buy-to-let investment areas in England and Wales, in new data published by specialist mortgage lender LendInvest.

It sits in second place, behind only Colchester in Essex, in the new quarterly Buy To Let Index Reporthaving moved up a whopping 18 places from 20th in last July’s figures. In more excellent news for the BTL scene in the north-west, Manchester is one place below its near-neighbour.

The research looked at each postcode area around England and Wales and focused on a combination of four critical metrics: transaction volumes, rental price growth, rental yield and capital value growth.

LendInvest November 2018

©LendInvest

From these four metrics, Stockport has performed particularly well in capital gains with a growth of 6.34% and has been helped by rents rising by 3.18% over the same period. Strong yields of 5.29%, backed by reasonable figures in capital gains and rent growth, has helped Manchester move two places up in the index and the city’s buoyant property scene seems to be rubbing off on nearby areas. Elsewhere in the north of England, both Leeds and Harrogate feature in the top 20 at 12 and 20 respectively.

The Midlands also ranks highly in the new LendInvest data, with Birmingham joined by Wolverhampton and Coventry in the top 10.

Ian  Boden, Sales Director at LendInvest, commented, “The growing opportunity for BTL investors in these regions reflects a knock on effect of investment in these key cities. Locking down a solid prediction of how the landscape will look into the New Year is no easy task. In this instance, we know it is best to let the data do the talking.”

 

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Stockport is Region’s Fastest Growing Economy

A report by law firm Irwin Mitchell has shown Stockport to be the region’s fastest growing economy!

As  reported in the Manchester Evening News, the UK Powerhouse Study produced by Irwin Mitchell and the Centre for Economics and Business Research, reports that Stockport is the region’s fastest growing economy but Manchester is set to maintain strong jobs growth post Brexit.

Stockport is part way through a £1bn programme of investment that has seen a new business zone offering Grade A office space at Stockport Exchange; the Town Centre Access Plan – TCAP and a new leisure development at Redrock incorporating a new cinema complex and choice of popular restaurants. Phase 3 of Stockport Exchange will provide for another 60,000 sq ft of Grade A office space in a six-storey development adjacent to Stockport Exchange.

Future projects include for a new £85m transport interchange in Stockport town centre which will include the creation of a two acre park and a focus on creating town centre living.

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Attention Stockport Landlords – Are you aware of the tax changes on Buy To Let properties?

Landlords, are you are aware of the imminent tax changes that are potentially affecting Buy to Let Landlords?

These changes were introduced in April 2017 and progressively increase the tax liabilities of all 40% tax paying Landlords who have Buy to Let mortgages. Is this you? The first time you may become aware of this extra tax burden could be when you receive your next tax demand in January 2019.

We are recommending a meeting with our internal Buy to Let Expert to talk you through the implications and potential solutions.

Please call on 0161 474 8660 or email us stockportlettings@julianwadden.co.uk to arrange a convenient time for either a telephone or face to face meeting.

 

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Stockports Underbank – Christmas light Switch On

Stockport’s Underbank’s are having their Christmas light switch on on November 24th, switch on at 6pm.

Late night independent shopping and the independent traders of Stockprt have teamed up to bring you a festive treat including late night shopping, in-store events, and the Christmas Lights Switch On.

The event centre around Lower Hillgate, Little Underbank, Meal House Brow and The Market Place – Open Spaces will also be showing their creative pop-up’s

Where the Light Gets In Natural Wine Bar will be open in ‘The Staff Room’ from 6.30pm, with snacks and drinks available.

 

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Stockport’s Makers Market returns this Saturday!

The ever popular Makers Market returns this Saturday, the 10th November. It is a great day out for all the family with the best food, drink, art, design and vintage that the North West has on offer…

For more information and a calendar of all upcoming markets then click here

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a house that will make your investment dreams come true with a 14.6% yield…

Hello Readers,

I hope you are well on this strange November day – so far today I have seen three seasons in one day – some sun and blue skies, grey dark and gloomy skies, torrents of rain and even a rainbow.  Strange!

However, I thought I would warm your spirits with a fantastic opportunity to purchase a HMO property.  Don’t know what a HMO is, no worries.  It is simply an abbreviation standing for a House of Multiple Occupancy.  Still no wiser, well it is a property whereby multiple sharers live in one property each with their own personal bedroom, but sharing a living room/communal break out space and a kitchen.  In some HMO properties you would also share bathrooms – there may be one or two bathrooms, but in others you would have your own ensuite.  Each tenant would pay for their own room on a monthly basis and they would also pay for all their bills to be included.  The tenants would not necessarily know each other and its a great opportunity for people new to an area to meet other like minded people and/or to have a cheaper rent whilst they relocate and find their feet in a new area.  These types of properties are extremely popular with students, recent graduates and people relocating to a new area.

Landlords love HMO’s and I have several investors who will only buy properties which can be converted into HMO’s, but there are a couple of issues finding the perfect property to turn into a HMO in Stockport as Stockport (well the area’s that I cover from the Julian Wadden Stockport Exchange Branch) are generally two bedroom terraces, so to find a property that can be converted is quite specific as the cellar needs to have a good head height, or you need to be able to convert the attic into a bedroom easily as its all about yield!  With a HMO you need to be able to have 4 plus bedrooms in order to make the figures stack up, but then to also be able to have the required number of bathrooms and living rooms to ensure the property falls in line with the HMO regulations is not an easy task.  You also need to provide all the furniture and be prepared to pay for damage to communal areas, as its pretty impossible to lay blame to one tenant and therefore request monies from their deposit.

Today however, I have done the impossible and found the perfect HMO!  Go me!  I have found a property that is on the market at a fair price, which would be able to provide you as an investor looking for the perfect HMO with enough bedrooms to have a very good yield and would meet the HMO regulations with a little bit of a reshuffle!  And… here it is… a 5 bedroom semi-detached house for sale on Glenmoor Road, Offerton and on the market for a very reasonable £260,000.  I say reasonable, I know we don’t all have this amount of money sat in our bank accounts but the price is reasonable for what you could do with the property.  I believe that you would be able to get 7 or 8 bedrooms in this property – 2 bathrooms and then you would need a communal living area which would be a lovely lounge/conservatory area at the rear of the property.  In order to do this and to modernise the property I think you would need to spend about £20,000 but then the rooms would rent out at £400 to £450pcm (before bills) which would give you a monthly income of £3,400 per month.  This means the yield would be 14.6% which is absolutely fantastic!

I know my HMO investors will now be quite excited, so let me tell you a little more.  The property is on the market with Bridgfords in Hazel Grove and although its not very modern, its certainly very well presented and in good condition.  It has a large, beautiful lawned garden and a driveway for at least a couple of cars.  If you were to take a little of the garden away, you would be able to provide off street parking for multiple tenants meaning the neighbours would be happy too!

For more information about this property or HMO’s in general or even if you are looking for a rental property in the area, please do not hesitate to contact me on 0161 474 8668 or email me at stockportlettings@julianwadden.co.uk.

Happy investing!

Gemma Lowe

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a lovely three bedroom semi-detached house with a 6.4% yield in rostherne road, sk3

Hello Readers,

I hope you are all well and enjoying these lovely Autumnal days!

I am quite sure that a lot of you are getting towards this final quarter of the year and thinking, did I achieve all I wanted to achieve in 2018?  Did I purchase that investment property and put my money into property as I vowed to do, to maximise on my income and future earnings?  If the answer is no, then I have a fantastic investment opportunity for you!

This property is in Rosetherne Road, SK3 and it is on the market at offers over £150,000.  It has three good sized double bedrooms and has been recently refurbished throughout to a high standard.  The walls have been white washed throughout and the kitchen and bathroom are modern and appealing – to buyers and tenants alike.

If you were to purchase this property you would have no works to do, as its ready to rent out straight away and if purchased for £150,000 then you would be looking at a yield of 6.4% as I believe that you would be able to achieve at least £800pcm.  The property is situated in a lovely part of Stockport, in a nice residential area, with good schools and lots of local amenities on the doorstep.

So, if you are looking for one more property before the end of the year to complete your portfolio, or you need to fulfill your New Year vows to invest in property then look no further.

For other investment opportunities or information on buy-to-lets then please give me a call on 0161 474 8668.

Gemma Lowe, Lettings Manager, Stockport Exchange

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week one: homes under the hammer style video from julian wadden stockport as this investment property completes and the refurbishment works to start…

An investment purchase completed in Wrightsbank, Offerton…

This property has completed today in Wrightsbank, Offerton, SK2 today so Gemma Lowe, Lettings Manager from Stockport has collected the keys and completed this video to show you the property in its current condition and she will keep you updated as the works are completed in order to get the property ready for the Lettings Market! So, watch this space!

Posted by Julian Wadden Estate and Lettings Agents on Monday, October 15, 2018

This property has completed today in Wrightsbank, Offerton, SK2 today so Gemma Lowe, Lettings Manager from Stockport has collected the keys and completed this video to show you the property in its current condition and she will keep you updated as the works are completed in order to get the property ready for the Lettings Market! So, watch this space!

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