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

Month: May 2017

i am looking at renting out a property, should i rent it with or without furniture?

The question of renting a property furnished or unfurnished does depend on the location and type of property. For example, if your particular property is more suited to a family, they may already have their own furniture which they would prefer to use. However, young professionals renting flats may prefer the property to be furnished. One of the most important things to note is that any furniture supplied must comply with safety regulations and if it was to break you would have an obligation to provide a replacement for the tenant.

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reddish library coffee morning 

On Friday 19th May Reddish library will be hosting a coffee morning.

Suitable for all ages. The morning will give fellow readers the chance to kick back relax, whilst having a coffee with a book.

The coffee morning will be running from 10.30am – 11.30am, you can even grab one of our newsletters and get up to speed with the local property market.

Click here for similar events

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arc gallery crafter sessions

Throughout the month of June, Arc Gallery will be hosting numerous crafter sessions. Some drop in sessions include ‘drawings socials’ and ‘photo coasters workshop’. For event details click here.

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reddish north end fc 

Reddish North End Football Club was established in the year 2000. As the club progressed through the years they now have an astonishing 44 teams which include: Boys, girls, open age ladies, open age mens, veterans and walking football.
On Saturday 20th May the club is having their annual end of season presentations. As sponsors of the club, I will be there to present trophies to the teams for part of the day. The event will have something for everyone, the pitches will be open for the kids to play plus there’ll be food and drinks on offer. The event runs from 11am – 9pm and I’m sure everyone will have a blast.
It would be great to see some friendly faces supporting the club so feel free to bob down and say hello.

If you know of anyone or would be interested in joining the club you can email them for more information info@reddishnorthend.co.uk or http://www.reddishnorthend.co.uk/

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distance to work

How far people travel to work says a lot about the nature of an area. For example if people live and work in market towns there is likely to be a lot more community spirit to experience in daily life. When people are travelling further afield to work, they effectively spend their days on two different communities. It will be interesting to see if community spirit increases as people work more from home.

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i have been living abroad for some time and would like to rent out my property in the uk. what do i need to know about tax?

As an overseas landlord, your letting agent would be required to deduct tax from your rental income before sending it to you unless they have permission from HMRC to pay the rent to you in full. This tax would then be paid to HMRC quarterly and at the end of the tax year you would be provided with a certificate in order to complete a self-assessment tax return and prove how much tax you have paid. If you would prefer the rent to be paid in full so you could complete a tax return and pay any money owed directly, HMRC will provide your letting agent with an approval number once you have registered with them which they need to pay the rent to you in full.

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a quarterly index of house prices

This chart shows how house prices in the local area have moved over the last seven quarters. We’ve indexed flats, terraces and semi-detached homes so they start at the same point so you can easily see how they’ve moved in relation to one another.

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annual sales levels by broad property type

A look at the annual sales charts for the last ten years offers a good indication of market activity within the local area. Patterns are in line with expectations given the nature of our area. While there is nothing too surprising about which type of properties have seen the most transactions, it’s useful to see how the market has performed since just before the credit crunch.

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Dumbarton Road, Reddish with a potential yield of over 6%

I came across this 3 bed property whilst browsing Rightmove this morning and thought it was worth a mention for anyone looking for an investment.

The property looks as though it has recently undergone full modernisation and would be ideal for a first time investor. The property is located in the ever popular South Reddish which will be a draw for potential tenants.

This property should easily achieve a rental income of around £675 per calendar month but could go for as much as £695 per calendar month.  This would see a yield of 6%-6.5% which is a good solid investment considering there is no work required.

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 on 0161 443 4020.

The property is on the market with Phillip James and can be found on Rightmove using the below link.

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