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

Category: investment deals

great investment property with bags of potential

 

Saw this one the other day. Currently on the market with Edward Mellor for £87,950, this empty property is ideal for the first time landlord. It is close to Gorton & Reddish, making it very popular for commuters into the city centre. This would rent out for approx £550 PCM based on the assumption the property is in a good condition.

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2 Bed Terraced House with a yield of 6.5%

When this property came available I immediately thought “buy to let” and decided it was worth letting you know about its potential.

As prices continue to increase in the area it’s getting increasingly more difficult to find good buy to let properties for around 100k. This house looks ready to let should achieve £575 per calendar month. The house is located in Gorton close to the Reddish boarder. For anyone considering getting in to the buy to let market this would be a good choice. We have let similar 2 bed properties in this area in the past with rental incomes of £550-£625 per calendar month. At £575 per calendar month you would see a yield of over 6.5%. The property is on the market with Your Move, click on the below link for more information.

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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.

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Another 7.5% yield in Denton

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.

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2 Bed Terrace in Denton with a yield of over 7%

This property was recently reduced and caught my eye as a decent buy to let so I decided to feature it in today’s blog.

The property seems to be in good condition and should need little or no work to be ready for any potential tenant, location is also good being in the centre of Denton. We have let similar properties in this area and never had any issues finding tenants or getting reasonable rents.

With a purchase price of £89,000 and  a conservative rental income of £550 per calendar month would give you a yield  of just over 7.4%. The property is on the market with Your Move, click on the below link for more information.

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2 Bed Terrace in reddish with a yield of over 7%

I recently saw this property while browsing the portals and thought it was worth a mention.

This house looks as though it might require some work which will eat in to your yield but you should still be able to comfortably achieve 6-6.5% .  The property is priced at £99,950 and would command a rental income of around £595 per calendar month giving a yield of over 7%. Please click on the link below for more information.

http://www.rightmove.co.uk/property-for-sale/property-68039873.html

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.

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1 Bedroom flat on reddish road with a yield of up to 8%

A great investment opportunity which has recently been reduced. It is located in South Reddish and should easily attract a tenant with its close proximity to Stockport and transport links.

The property is modern inside and well proportioned throughout. Having only 1 bedroom will restrict the applicants to couples or singles but with rent for a 2 bed terrace currently anywhere from £575-£675 the price alone would attract plenty of interest. The property is being advertised by ourselves and the details can be found on Rightmove using the below link.

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barlow road, levenshulme

Attention DIYers

Check out this sneak preview of a property due to come to the market at a guide price of £115,000. Currently being let out as a house share there is potential to convert back in to a family home. Complete refurbishment required!

Give my office a call for further details; 0161 443 4020

A sneak peek of this property in Levenshulme with fantastic potential

Posted by Julian Wadden Estate and Lettings Agents on Thursday, August 3, 2017

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2 Bed Semi on Greg Street with a yield of 7-8%

This 2 bed semi detached house my attention today because of the asking price of £95,000.

The property is a good size two bed with plenty of outside space which would be ideal for tenants with small families, it is also in the popular location of South Reddish which makes it ideally placed for local schools and transport links. The property should easily command a rental income of £650+ Per calendar month giving a yield of over 8%. From the pictures the property is in need of some quite substantial work to bring it up to a lettable condition, but assuming a cost of around £15,000 for the work you would still be achieving a yield of over 7%.

For more information please click on the below link. 

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2 Bed terrace in denton with a yield of up to 8%

This property was recently reduced and caught my eye as a decent buy to let so I decided to feature it in today’s blog.

The property seems to be in good condition and should need little or no work to be ready for any potential tenant, location is also good being in the centre of Denton. We have let similar properties in this area and never had any issues finding tenants or getting reasonable rents.

With a purchase price of £85,000 and rental income of £550-575 per calendar month this would give you a return of 7.76% – 8.12%. The property is on the market with Phillip James, click on the below link for more information.

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