I have another spectacular investment for you! This time in Lisburne Close in Offerton, Stockport, SK2. The property is immaculate throughout, has a modern kitchen and the owner has used a neutral colour pallate throughout to decorate the property, so there would be no work to do before the property was ready to be let out. The property is over three levels with two good sized double bedrooms on the top floor, a large bedroom, bathroom and reception room on the first floor and a large modern kitchen on the ground floor with WC. There is also a garage on the ground floor, which could in time be made into a reception room then the reception room on the first floor converted to a bedroom, making the property a fantastic 4 bedroom property with a fantastic yield!
As the property is at the moment, I believe that this could be rented out for £795pcm which would give you a yield of 6.36% as the asking price is £145k which is fantastic! With the works completed and the property being a 4 bedroom property in the future, the rent could be in the region of £875pcm which would be a yield of 7%… amazing!
For more information on this property or if you are looking for an investment property in the area then please do not hesitate to contact me on 0161 474 8668 or email me on email@example.com.
I have been speaking to my Landlords for a long time about investing in the residential area close to Portwood Roundabout, the M60 link and the Peel Centre. Why!? I hear you ask. Well, in this region the property prices have not gone through the roof like they have in Edgeley (SK3) so you can still find a two bedroom terrace in good condition for £120k, which you will no longer find in the Edgeley area. In terms of rental price you would still be looking at the same per calendar month, which means one thing and one thing only – a better yield; and lets be honest that is what a Landlord is looking for when thinking of purchasing a potential investment property!
So, here is another fantastic opportunity in Charlotte Street, SK1. The property has two very good sized double bedrooms on the first floor as the bathroom is downstairs on the ground floor. This is not something to be concerned about and will not put tenants off. The advantage to having the bathroom downstairs is that you have two equal sized, large, double bedrooms which a lot of tenants are actually looking for. Also on the ground floor are two reception rooms, a kitchen, the bathroom as mentioned and then access out onto a garden at the rear.
The property does look as though it needs some cosmetic improvements and one thing I have noted is that it looks as though it requires new carpets throughout. With this in mind and a potential rental income of £650pcm this would give you a healthy yield of 6.5% which is excellent!
For more information on this property or if you are looking for a property in the area and would like some assistance in finding it then do give me a call on 0161 474 8668 or email me at firstname.lastname@example.org.
I hope you are all well. As per usual I have been perusing Rightmove and have today found a fantastic new investment opportunity for you in SK1. Some of you more saavy Investors will already know all about the exciting changes coming to the SK1 area and the investment that Stockport Council are putting into the area to change the ‘face’ of the town centre and in turn, change the perception of Stockport. One of the main focuses for the Council is to create an area in central Stockport that young professionals, perhaps even first time buyers, want to invest in and spend time and money socialising in. Consequently over the next few months and years we are going to see Stockport Town Centre change significantly and properties such as the one I have to tell you about today will be popping up all over the area.
Today, I want to tell you about a ten floor development boasting 100 stunning apartments for sale at fantastic, off-plan prices! The properties have just come to the market for Sale with Vestivia LLP and are due for completion in August 2018. To reserve one of these incredible one bedroom apartments off plan you just need a downpayment of £2,500 to secure the sale.
Now, lets get down to business… We all want to know what kind of yield these apartments will provide in return for the investment. Well, just around the corner from this property is a brand new development called ‘Archer House’ these one bedroom apartments completed in March and here at Julian Wadden Estate & Letting Agents we rented them out for £600pcm. The finish of the apartments in Archer House were to a very high standard with beautiful high gloss kitchens and built in appliances, which I believe these new apartments will also be able to achieve.
Therefore, for an investment of £97,625 you should be able to rent the apartments for between £600pcm and £650pcm which would give you a yield of between 7.38% and 7.99%.
For more information please contact me in the Stockport Exchange Branch of Julian Wadden on 0161 474 8668. I shall look forward to speaking with you soon!