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.
New housing is a hotly debated subject in the UK. Despite the recent uptick in building rates, demand continues to outstrip supply and more affordable homes need to be built. The situation has improved over the last few years; the number of new homes started and finished in the UK is at a nine-year high. However, forecasts show that England alone needs to build 50 per cent more homes to keep up with demand, so the issue is far from resolved. The pressure is mounting on the government to find a solution.
156,140 new homes were registered for construction in 2015, the highest it has been in eight years. This was half a per cent higher than the previous year and 45 per cent higher than 2009.
From 2014 to 2015, private sector starts increased by seven per cent, while Housing Association starts rose by five per cent. That means that since the credit crunch in 2008, the UK housing stock has grown by around five percent, which is no small feat.