This 3 bed property has recently come available and has the potential to be a very good buy to let investment.
The property does have a couple of drawbacks in the sense that there is no off road parking and the yield isn’t going to break any records but the décor looks to be a good standard and shouldn’t need any work.
With this property none of the drawbacks outweigh the benefits, for example the house is located on Greg Street in South Reddish which is an extremely popular area, the price is £150,000 which is fair for 3 bedrooms. The property would easily see a rental income of £700 per calendar month giving more than a 5% yield.
The property is on the market with Edward Mellor and can be found on Rightmove using the below link.
Arc Drawing Socials are hosting their next monthly social on 21st September.
It’s playful take on drawing. Fun, sociable, and creative evenings. Any and all abilities welcome!
Join them for a relaxed approach to the world of drawing in a creative environment. Discover a range of drawing techniques, complimentary refreshments provided, friendly people, and advice from artists. Spend an evening in their art studio, with resources and materials, discovering how much fun drawing can be!
Lots of games and exercises to help you experience a relaxed approach to drawing.
Sykes Care Bar is now under new management and they have recently launched a new evening bistro menu available on Thursday, Friday and Saturday evenings between 5pm and 9pm. Be sure to pop in and support a local eatery.
The profile of jobs is an important yardstick for the makeup of people in a housing market. In this analysis we’ve used data from the Office for National Statistics on the number of people in the local area who work in each industry. The categories are a bit vague but if you look at the longest bars, you can see a pretty good profile of our area.
The data for our area over the last five months reveals interesting fluctuations across property types. The last 3 months are coloured with stripes. This is because the data is still coming in so we’ve estimated what we think they will be when all the data is available.
Although letting to students used to be considered the bottom of the buy to let market, it’s a very different proposition today. That’s because three key shifts have taken place in the market over the last decade: increased health and safety legislation for all rented properties, the expectation of a better standard of living from this generation of students and the growth of institutional investment.
This chart shows how sales levels in the local area sit now compared with two years ago. The analysis indexes types of property so they start at the same point (100) so you can easily see how they’ve moved in relation to each other. The chart shows the quarter-on-quarter fluctuations typical of local analysis, it also shows how the market has been affected by seasonal change.
As anyone keeping an eye on the property market will know house prices are climbing at a rapid rate which is making life more difficult for buy to let investors, not to mention the dreaded tax changes! Thankfully there are still a few good deals around and here is another one.
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 central location. These sort of houses are the bread and butter in Denton and always rent well. With a rental income of around £575 per calendar month you would get a yield of over 7.5% based on a purchase price of £89,950. The property is on the market with Your Move, click on the below link for more information.