With less than two months of marketing under the belt over 75% of the Meadow Mill development has now been reserved, investor and public interest is at an all time high and the opportunity to get involved is running out. Join us in taking a look at what is available as of writing, but it will probably have changed by the time you call!
First of all, apologies, the post you are about to read is most certainly a brag, but I would like to add it is a humble one! Lettings with Julian Wadden in Stockport is going crazy, we are super busy! We are letting everything that we get instructed on and in record time scales. So, let me tell you about this particular property…
I first spoke with the owner about 8/9 months ago when he was investing in the area and since then I have kept in touch with him with weekly sometimes monthly contact to assist him with ideas and to impart my local market knowledge. I would like to add at this point this is not me harassing the poor gentleman concerned on a weekly/monthly basis in true, pestering estate agent style, no, no; this was much more of a partnership with me being on hand to give advice when required and most importantly when asked! I loved that this investor was happy to listen to my ideas and to allow me to give him my honest opinion regularly to develop this property into 8 stunning apartments. What colour flooring would tenants like Gemma? Grey… so the apartments all have beautiful grey flooring. Gemma, do you recommend carpets or wooden floors and what is practical, so a discussion ensues giving all the positives and negatives of each. What is important to tenants Gemma? Washing Machines and Fridge/Freezers! So all of the apartments have washing machines/dryers and fridge/freezers and additionally microwaves. I am passionate about my job and assisting Landlords/Investors and Tenants alike and so I was absolutely delighted that this Investor was so hands on and so happy to hear my thoughts. I have loved every minute of working with him.
So, imagine how excited I was when I was invited to appraise the apartments and see all the incredible work that had been put into to transforming the building. I wanted to do the best job I could, take the best photographs and find the best tenants. Therefore, on Saturday I did an off the market viewing at the property and on Monday morning, once instructed I made the first 2 finished properties available. We let the first one on Monday afternoon, so in less than 6 hours of the property being on the market. We let the property to a professional, single female working locally in a very good job, paying the asking price and moving in at the soonest opportunity. Everyone is overjoyed – the Tenant, Landlord and even myself.
I truly love my job and finding homes for local people, but also finding Landlords exemplary tenants at the best prices and in the best timescales.
If you want to get involved and receive this level of service, please do not hesitate to contact me, as I would love to work with you too!
Last week I brought you a property which needed a little bit of work, so this week I thought I would bring you something spic and span and ready to let! So, how about this lovely three bedroom, semi-detached house in Cheadle Heath which is a very lovely part of Stockport.
The property boasts a large kitchen, dining room with a separate lounge and a downstairs WC. On the first floor are three good sized bedrooms a separate family bathroom and the master suite has a lovely en-suite bathroom. The property is on the market to purchase with Bridgfords for £200,000 and as I mentioned, needs no work at all as it is lovely and modern and would very much appeal to families or couples looking for a contemporary property.
I believe that the property would rent for around £900pcm which would give you a good yield of 5.4%.
If you would like more information on this property or if you are looking for a buy-to-let investment then please do not hesitate to contact me on 0161 474 8668 or on 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!