Edward Mellor Estate Agents have a potential buy to let property to be sold at auction on the 24th April. With a guide price of only £85,000 i would imagine this property is going to receive a high level of interest both before and on the day of the auction.
Julian Wadden have for sale a perfect buy to let opportunity, this two bedroom terrace situated in the very popular area of Dane Bank has just undergone a complete refurbishment and has really been modernised through out. This type of property would be ideal as a first time investment. The high standard inside is going to attract all types of tenants, from young professionals, couples & small families.
We have a two bedroom mid terrace property for sale with a guide price of £135,000. The property itself seems to be in a fantastic condition both inside and out and appears to have been modernised through out. This is the type of investment you could have a tenant move straight into and i wouldn’t expect it to take long to find one! given the high standard of the decor i would imagine a rental figure of £700pcm would be achievable fairly swiftly. If purchased for the guide price a rental figure of £700pcm would provide a yield of just over 6.2% which is very attractive especially taking into account there aren’t any works required.
Bridgfords estate agents have for sale a recently refurbished property on Southcliffe Road in South Reddish. The property is on the market for offers over £140,000 which seems to be an attractive price taking into consideration the location and also the level of works completed inside. From the images available on rightmove the only areas that may need looking at would appear to be the front and rear gardens. I think a rental figure of around £800pcm is very achievable and would provide a yield of just under 7% which is very attractive. I would expect a property like this to attract attention from people searching for a family home and also investors so best to register your interest as soon as possible.
Spencer Harvey estate agents have for sale on Wordsworth Road in Reddish a two bedroom, semi detached property on the market for £129,950. This property would make a fantastic development opportunity providing an option to either let or sell once completed. Inferred from the pictures available on rightmove the works required all seem to be cosmetic so shouldn’t amount to too much financially. I would expect the property to be worth a re sale value of £150,000 once finished and i would expect the property to let for around £650pcm, the yield achieved would be dependant on the amount of money spent on the refurbishment.
Situated on the very popular road Thornley Lane North, Purple Bricks have for sale this two bedroom terrace house. The property is on the market with a guide price of £125,000, from the photos i wouldn’t expect the property to require any works being done before it could be put on the rental market, however you may wish to neutralise the decor to appeal to a wider market. I would imagine a property like this would get snapped up fairly quickly for a price between £675pcm and £700pcm in turn providing a yield of between 6.48% – 6.72%.
On the market for £80,000 is a perfect investment opportunity for somebody searching for a low maintenance investment. Located in the modernised ‘Victoria Mill’ this one bedroom apartment requires very little work before coming to the market. Victoria Mill is a very popular development and you could expect to let the apartment swiftly for between £495pcm and £525pcm, after the service charge & ground rent has been paid you would receive a yield of between 7.05% and 6.6%.
Marketed by Edward Mellor for a guide price of £95,000 is this three bed semi on Fovant Crescent, the property is to be sold at auction on the 13th March 2018. Given the price & lack of internal photo’s i would imagine the property is need of some renovation works. The property is situated on a really popular road within Reddish and comes with a large rear garden. Once renovated properties similar to this one let between £675pcm – £725pcm depending on the final finish. I suspect this property will receive interest from both investors & people searching for a family home.
With savers continuing to receive poor returns from banks and building societies, thousands of people unsurprisingly continue to turn to residential property as a means of supplementing their income, supported by record-low mortgage borrowing rates, solid demand from tenants and stable yields, as buy-to-let consolidates itself as the investment of choice.