(covering reddish, dane bank, denton, debdale and gorton)

Month: October 2016

Wallwork Street, Reddish with a potential yield of over 6.5%

I have featured this property in a previous property blog and thought I would make you all aware that it has come available again.

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 landlord’s portfolio. The property looks in good condition and is in a good location. These sort of houses are the bread and butter in Reddish and always rent well. We have let properties on this street in the past and with a rental income of around £575 per calendar month which would give a yield of over 6.5% based as a purchase price of £103,000. The property has recently changed agents and is now on the market with Phillip James, click on the below link for more information.

Continue Reading

how big are our homes?

Each area in the UK varies dramatically according to the average size of properties, as measured by the number of bedrooms. In SK5 the mix as shown in the infographic above.

 

Continue Reading

3 Bed terraced in Reddish with a potential yield of just over 7%

This property has recently come down in price and has fantastic buy to let potential.

Being located close to the only useable train station in Reddish is sure to be a pull for a lot of tenants and having 3 bedrooms will mean it could suite a young professional couple or a small family. Condition wise the property looks reasonable and should need little or no renovations to be fit for rental. Income wise you should be looking to achieve £625-£650 per calendar month which is just over a 7% yield. The property is on the market with Edward Mellor and can be found using this link.

Continue Reading

reddish wedding fair coming this month!

The beautiful St Elisabeth’s Church in South Reddish is hosting the 2016 Reddish Wedding Fair. The event takes place on Sunday 30th October between the hours of 12.00pm and 16.00pm, and includes samples from local suppliers, covering all aspects of the big day. There are also a number of fashion shows throughout the day. There are still a few places available for suppliers to showcase their stuff, so get in touch if you have something to offer!

Click here to secure your place and purchase your ticket.

Continue Reading

long lost siblings reunited

A good news story made the headlines this month when Reddish resident, Brenda, was reunited with her long lost brother, after being adopted at a young age. The opportunity came when Branda got inspired whilst listening to a similar story on a BBC Manchester radio show. She got in touch with the show and with their help and the help of the charity After Adoption, she finally made contact with her brother who currently lives in Maryland, USA.

Continue Reading

market liquidity

The volume of sales in a given area is a powerful measure of the vitality of local housing markets. In the last two years there have been 944 sales in SK5. Terraces accounted for the largest number of sales (473), followed by semis (332), then flats (109) and detached properties accounted for the fewest sales (30).

 

Continue Reading

house price growth

Since the last quarter of 2013, average sales prices of semis in SK5 have increased by 22.9%, which represents the best performance of all property types. The next highest performers were flats, which saw an increase of 20.9%, followed by terraces (14.4%). The poorest performance came from detached properties, which still managed to increase by 11.1%.

 

Continue Reading

halloween – there is loads going on!

The Dogs Trust in Denton are throwing a three day Yucky Hunt this Halloween, from Friday 30th October to Sunday 1st November. It is aimed at dog owners and their children and includes, on the Saturday, demonstrations and tricks from the dogs at the dogs trust. The Hunt also demonstrated ‘Scary’ things that can occur when people don’t look after their dogs health!

Follow the link to read more and to find out what is going on all around the city…

Continue Reading

2 Bed terraced on Litchfield avenue with a potential yield of just under 7%

This property recently came to the market and grabbed my interest so I decided to feature it in today’s blog.

Looking through the pictures on rightmove the property looks in pretty good shape and should require little or no work to be “lettable”. The location is fantastic being in the centre of Reddish close to Schools and transport links.

Assuming you paid £100,000 for the property and with a rental income of £575 per calendar month this would give you a return of 6.9%. The property is on the market with Bridgfords, click on the below link for more information.

Continue Reading

demographic profile

Each area of the country has a different demographic profile in terms of the age of local residents. The exact balance of age groups has a profound effect upon the demand profile of the local market. The average age in SK5 is 36 years old. This is lower than the North West average (39 years old) and lower than the national average (39 years).

 

Continue Reading