(covering SK1, SK2 and SK3)

Tag: yield

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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A wonderful opportunity to purchase a buy-to-let property with a 7% yield…

Hello Readers,

I have been scouring the market and found this property for you today.  It is in a very central location and it is actually just around the corner from our office on the A6, so its a very good location and one that I can vouch for!

The property is in a recently redeveloped building called ‘Archer House’ which was originally the Inland Revenue building for Stockport.  The building was offices which were converted in January to April 2017 and completed at the start of May 2017.  The apartments are beautiful and modern, with built in appliances such as washing machine and large fridge freezer.  The floors are a laminate grey colour and the walls are white, which gives the apartments a modern feel and in my experience renting properties in this development, they rent very well!  All of the properties come with an allocated parking space, which is highly sought after in the town centre.

The apartment in question for my blog today is actually a studio apartment on the top floor of the development and the views are really quite something!  You can see out over the Pennines and honestly its a lovely view!  This apartment is on the market for £85,000 and even unfurnished (as it currently is) I believe it should rent for £495pcm which would give you a lovely yield of 7%.  The good thing is about this that on completion it would take approx. 1 month to market and have a tenant moved in, as apartments in the town centre of this calibre, with parking are so sought after.

So, what are you waiting for?  Give Urban Bubble a call and get a viewing booked (link to the property on rightmove below) and then call me on 0161 474 8668 and I will meet you there and tell you all you need to know about Lettings in Stockport.

I shall look forward to working with you!

Gemma Lowe, Lettings Manager

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An 8.9% yield on this great little £80,000 investment in Edgeley, SK3…

Hello Readers,

Today I am bringing you one of the best yields I have found in a long time!  The property is currently being sold with a sitting tenant – this is good and bad.  Good, as it means no void period and the property will be rented from the moment you purchase it, but bad as there is potential that they have been there a long time and are not paying the right market value for the property.

If I were purchasing this property I would be happy to keep the tenants and then perhaps at the next rental period would look at refurbishing the property, as it does look as though it needs a little TLC.  I think for a property like this, in a block like this in Edgeley Town Centre you would be able to achieve £575-£600pcm for this two bedroom apartment.  I realise that this sounds very cheap, but the block that this property in will affect the overall rental value that you will be able to achieve.  The property is currently on the market at £80,000 and renting it at £575 to £600pcm would give you an incredible yield of 8.63 – 8.92% which is amazing!  If you did work on the property this yield would be affected slightly, but in terms of capital growth there is a lot of potential.

If you would like more information on this property, or if you are thinking of investing in the Stockport area, please do not hesitate to contact me on 0161 474 8668 or email stockportlettings@julianwadden.co.uk.

Happy Investing!

Gemma Lowe

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buy-to-let deal of the week on Europa Way, Stockport, SK3…

Hello Readers,

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 stockportlettings@julianwadden.co.uk.

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Fancy an 8.29% yield and a little project… then this fantastic property in Stream Terrace, SK1 is perfect for you!

Hello Readers!

I am always on the look out for great investment opportunities for you and this week I have found another property that I think would (after a little work) give you a very good return/yield.

The property is on Stream Terrace, SK1 in central Stockport and has 2 good sized double bedrooms on the first floor and a large reception room, with separate kitchen on the ground floor.  The property is quite tired in terms of its decor, so it does need some investment to refurbish it to a rental standard.  This would include modernisation of the kitchen, bathroom, flooring throughout and neutral paintwork.  I would imagine that this would cost around £15,000 to complete, which may sound like a lot of money, but when you find out that the property is on the market at £90,000 it suddenly doesn’t look to bad!  For £105,000 you could have a lovely 2 double bedroom semi-detached house in a lovely residential area!  The property would rent for around £695-£725pcm if modernised to a high standard which would give you a yield of 8.29% – amazing!

This wonderful opportunity is on the market with Reeds Rains, Offerton and the link is below if you would like to have a look at this property.  If you are looking to purchase an investment property in the area and would like more information about the Lettings potential please do not hesitate to get in contact with me on 0161 474 8668 or email stockportlettings@julianwadden.co.uk.

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A lot of work, but an incredible investment for the ‘w’right investor… introducing lesley wright house, sk3

Hi Readers,

I hope you got the very much intended pun above?  ‘W’right investor, Wright House?  Sorry, but I had to do it.

Anyway my latest scour of the property market for my lovely investors has brought this treasure to my attention – Lesley Wright House, Cheadle Heath, SK3.

It is a huge development and is currently a cluster house with 11 bedrooms within it and 6 bathrooms, over three floors and it most definitely requires a full refurbishment throughout.  This is obviously a huge project and I would estimate a cost of between £10-£20k per apartment created.  The sq footage of the building is 3648 which means you could probably get 7-8 one bedroom apartments out of it.  So the cost of the reburbishment would be approx. £150k.

With this in mind and the guide price of £430k it would mean a total outlay of £580k.  If each of the one bedroom apartments created was then rented for £575pcm as a minimum and there were 8 apartments that would give you a monthly income of £4,600 meaning your overall yield is 9.5%.  AMAZING!

The property is currently on the market with 2 agents, Edward Mellors and Harvey Scott, and I have posted the links to these Estate Agents below.

If you would like more information on this property or if you have any specific queries about Lettings, Investments or even if you have a property you would like advice on renting out then please do not hesitate to contact me on 0161 474 8668.

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the sun is shining on this investment opportunity with a 6% yield for a lovely three bedroom semi-detached house in offerton, sk2

Hello Readers!

In this amazing weather, its all about having a garden… a lovely lawned garden, with just the right amount of sun lasting throughout the day into the evening.  So, with this in mind I wanted to find you a property with a lovely garden to sunbathe and BBQ in, in the summer but something that also had an excellent yield and I have found just the property on Webb Lane, Offerton.

This property is currently on the market for a very fair price of £170,000.  It is fully refurbished and if the pictures paint a true representation then the property is finished to a very high standard and when purchasing this property as an investment it looks as though you would not need to lift a finger.  With a modern colour scheme throughout (noteably grey and white!) the property looks contemporary, fresh and very appealing – all the things that will really appeal to a tenant when they are looking to rent, and I think this would fly off the lettings shelves!

I wanted to bring you a property this month, not only with a good yield and a great garden, but also something with three bedrooms!  The market is quite saturated at the moment with two bedroom terraced houses as the investors have snapped them up, so something like this which is a little larger and well presented is just what the lettings market needs.  A beautiful, smart family home.

Purchasing this property for £170,000 and renting it out for £850pcm will give you a great yield of 6%.  So if you are looking for something a little different, this is your property!

For any questions about this property, other similar properties or if you are simply looking to invest in Stockport and would like some advice then please do not hesitate to contact me on 0161 474 8668.

Happy investing, Gemma Lowe

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dear investors, fancy a yield of 8.6%?! of course you do, so keep reading my latest blog article!

Hello Readers!

I have found a FABULOUS investment for you in Box Apartments, in the centre of Stockport.  The building is centrally located and is close to the Stockport Train Station so it is perfect for people looking to rent and perhaps commute into Manchester City Centre.  The property is on the fourth floor of this small block of flats and has a modern open plan, kitchen and living area complete with a fridge and washing machine.  There is a good sized double bedroom with modern wall paper and a bathroom with a three piece bathroom suite, including a shower over bath.  The apartment also has one allocated parking space.

This property is on the market with O’Connor Bowden for £79,950 and would rent out for £575pcm.  This would give you an incredible yield of 8.6%!!  AMAZING!  For any questions about this property, its location or the surrounding area, or if you are looking for an investment opportunity and would like some assistance please call me on 0161 474 8668.

Happy investing!  Gemma Lowe

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investors, i have a two bedroom, fully furnished duplex apartment available to purchase on lowfield road with a 8% yield…

Hello Readers!

I have another great investment for you this week, and this one is quite unusual as it comes complete with all the furniture, so you literally just need a tenant to move straight in!  The property is on Lowfield Road in Shaw Heath, Stockport which has great access to lots of local schools, is within walking distance to Edgeley Town Centre and to Stockport Train Station.   The property is located on the top two floors of a terrace house and comprises of two double bedrooms on the first floor along with a contemporary bathroom, then on the second floor, the loft area has been converted into an open plan kitchen living area.  The property is in a very good condition and would most definitely appeal to tenants looking to rent in the area.  The property is on the market at £99,950 and would rent for between £625pcm and £675pcm which would give you a yield between 7.5% and 8.14%.

The property is on the market with us here at Julian Wadden Estate & Letting Agents, so please feel free to give us a call to arrange a viewing on 0161 474 8668 or if you would like any more advise on rental properties, investment opportunities or such like then please feel free to contact me on the number above or at stockportlettings@julianwadden.co.uk.

Happy house hunting!  Gemma Lowe

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a fantastic investment opportunity for something a little more unusual in sk3 with a 4.8% yield…

Hello Readers!

When I talk to Landlords generally they are looking for a property that has 2 bedrooms and is no more than £130,000.  These types of properties typically rent out for £650pcm which gives a good return of around 6%, however it has turned into a little bit of a scramble to find these properties and when you do, there are numerous investors looking at them and at this price point they will probably receive multiple offers or will need a lot of work to get them to a lettings standard which can be stressful.  So, this week I bring you something a little different from the standard 2 up, 2 down, but that would still give you a good return, but with no work!  Sounds appealing, huh?

I have found this lovely, modern and well presented three bedroom semi-detached house, with driveway and front and rear lawned gardens in Cheadle Heath for £235,000.  The property is stunning inside, and it has been extended at the rear to open up the back of the property and allow for a large open plan kitchen/dining and living area with french windows opening onto a manicured lawn, and there is another, private reception room to!  On the first floor are two large double bedrooms and a smaller single bedroom making this property perfect for a family.  And… what do we know about families?  They tend to move to an area and rent LONG TERM.  Which means that you can reduce what you pay me on an annual basis for the tenant find!  Hehe!

This property is on Kenilworth Road, close to Abney Hall Park and I believe that it would rent our for £950pcm and it needs no work doing to it at all in order to rent it.  This would give you a yeild of 4.8% which is not to be sniffed at.  The property is on the market with Mitchell Williams so give them a call to arrange a viewing and if you want me to accompany you give me a call on 0161 474 8668.

Happy house hunting!  Gemma Lowe

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