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.
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.
If you have seen my most recent video blog you will know that I feel Denton is the next prime buy to let area and this is a prime example. Prices are continuing to increase in the area and its becoming increasingly more difficult to find good buy to lets for around 100k or less especially in Reddish but there are still some good deals to be had in Denton.
This property on Bowden Street is on the market at £90,000. It has 2 bedrooms and looks as though it could be rented out straight away. The rental value would be around £575 per calendar month giving a rental yield of over 7.6% . The property is on the market with space 4 living and can be viewed by clicking on the below link.
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 seasoned landlord’s portfolio. The property looks in relatively good condition and by the look of the photographs will only require minimal work to be “lettable”.
These sort of houses are the bread and butter in Reddish and always rent well. We have recently let a 3 bed on this street for £695 per calendar month, so you should easily be able to achieve £600 – £625 for this property and based on a purchase price of £100,000 this would give you a yield of up to 7.5%.
The property is up for sale with Edward Mellor, click on the below link for more information.
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.
A great investment opportunity that I would like to bring to your attention. The property recently came to the market with us and is definitely worth a look.
The property is located in the popular area South Reddish and should easily attract a tenant with its close proximity to Stockport and transport links.
The interior is well proportioned and modern 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-£650 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.
We have let a smaller property across the road for £475 per calendar month so £495-£525 would be more than achievable for this property giving you solid 7% return.
This property came to the market recently and although in need of some updating should still make a sound investment.
The property’s condition is such that any potential buyer could be faced with spending around £10,000 to £15,000 to bring the house up to standard but once fully refurbished the property should rent for around £650 per calendar month which is still an outstanding yield for the area at 7.8% based on a total outlay of £100,000. Not to mention that with the current sales market the property could be worth anything from £125,000 to £135,000 once refurbished. The property is on the market with Phillip James and can be found using the below link. Be quick it wont be about for long!