June 16, 2017
2 bed end terrace in reddish with a yield of up to 7.5%
This house would make a fantastic first time investment for anyone considering getting in to the property market and would also be a good addition to any seasoned landlord’s portfolio. The property looks in relatively good condition and by the look of the photographs will only require minimal work to be “lettable”.
These sort of houses are the bread and butter in Reddish and always rent well. We have recently let a 3 bed on this street for £695 per calendar month, so you should easily be able to achieve £600 – £625 for this property and based on a purchase price of £100,000 this would give you a yield of up to 7.5%.
The property is up for sale with Edward Mellor, click on the below link for more information.
If you would like any further advice on rental investments in the area, then please visit our branch in the centre of Reddish or give us a call.