August 21, 2017
A property focused on capital growth rather than yield
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.
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.