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

Category: investment deals

my live video tour of melbourne street in reddish

Phil Butler, Branch Manager of Reddish takes you on a tour of 28 Melbourne Street in Reddish which is for sale at £125,000, for more details call the Branch on 0161 443 4020

Posted by Julian Wadden Estate and Lettings Agents on Monday, January 23, 2017

Take a look my video tour of 28 Melbourne Street in Reddish which is for sale at £125,000, for more details call me on 0161 443 4020.

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A cracking buy to let with a potential yield of up to 6.5%

I came across this immaculate property with a very modern interior and thought it would make a fantastic buy to let investment.

The décor of this property is sure to attract plenty of interest and with its close proximity to Houldsworth Square should make it a great buy to let purchase. This is a property for anyone who wants a quick and easy buy to let, from the look of pictures you would need to do little or no work and can look to find a tenant as soon as you have the keys. I would expect the property to achieve around £700 per calendar month which would be a yield of just over 6.5%. The property is being marketed by Philip James at £125,000 and can be found using this link.

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2 bed semi in reddish with a potential yield of 6.5%

This 2 bed semi got my attention when it recently came to the market and I thought it was worth letting you know about.

This property is a good size two bed with plenty of outside space which would be ideal for tenants with small families. It is located close by to the ever popular Dane Bank area which makes it ideally placed for local schools and transport links. The property should easily command a rental income of up to £650 Per calendar month giving a return of 6.5% assuming a purchase price of £120,000.

The property is on the market with Purple Bricks and can be found using this link.

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3 bed terraced with a potential yield of up to 7.5%

I have featured this property in a previous blog back in June and its now £10,000 cheaper!

The property looks as though it needs some cosmetic work and would be ideal for anyone that has experience in refurbishing property to either sell or let. On the surface there doesn’t seem to be any huge jobs to do just decorating etc. The property is located in the centre of Reddish which is always popular for buyers/tenants.

This property is on the market for £110,000 and should return a rental income of around £650 per calendar month but could go for as much as £695 if refurbished giving a yield of 7% – 7.5% which is well above the area average of 6%.

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Wallwork Street, Reddish with a potential yield of over 6.5%

I have featured this property in a previous property blog and thought I would make you all aware that it has come available again.

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 location. These sort of houses are the bread and butter in Reddish and always rent well. We have let properties on this street in the past and with a rental income of around £575 per calendar month which would give a yield of over 6.5% based as a purchase price of £103,000. The property has recently changed agents and is now on the market with Phillip James, click on the below link for more information.

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3 Bed terraced in Reddish with a potential yield of just over 7%

This property has recently come down in price and has fantastic buy to let potential.

Being located close to the only useable train station in Reddish is sure to be a pull for a lot of tenants and having 3 bedrooms will mean it could suite a young professional couple or a small family. Condition wise the property looks reasonable and should need little or no renovations to be fit for rental. Income wise you should be looking to achieve £625-£650 per calendar month which is just over a 7% yield. The property is on the market with Edward Mellor and can be found using this link.

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2 Bed terraced on Litchfield avenue with a potential yield of just under 7%

This property recently came to the market and grabbed my interest so I decided to feature it in today’s blog.

Looking through the pictures on rightmove the property looks in pretty good shape and should require little or no work to be “lettable”. The location is fantastic being in the centre of Reddish close to Schools and transport links.

Assuming you paid £100,000 for the property and with a rental income of £575 per calendar month this would give you a return of 6.9%. The property is on the market with Bridgfords, click on the below link for more information.

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A purpose built apartment in the heart of Stockport with a potential yield of over 7.5%

A purpose built apartment which would make a perfect starter property for any budding investors, located in the centre of Stockport.

The reason this apartment is such a good buy is due to its simplicity, its cheap, modern and low maintenance. Combine that with a yield of over 7.5%  and you have got a recipe for a fantastic investment. There is also a lot of scope for the value of both rental and sales to increase significantly with the impending development of Stockport exchange and Redrock which will bring a lot of business and employment to the area.

In the last 12 months alone we have seen rental prices for similar 1 bed  apartments rise by as much as £75 per calendar month. This property in particular should rent for around £495-£525 per calendar month which would be a yield of over 7.5%. Service charges and ground rent need to be taken in to consideration but accounting for an average charge of around £80 a month you would still be achieving a yield of up to 6.5%. The property is being marketed by ourselves and the details can be found on Rightmove using this link.

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Terraced House On Greg Street With a Potential Yield of up to 6%

I saw this property come to the market recently and thought it was worth putting it out there for all you potential landlords and investors.

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 location. These sort of houses are the bread and butter in Reddish and always rent well. We have let properties on this street in the past and with a rental income of around £650-£675 per calendar month which would give a yield of up to 6%. There are better yields to be had in the area but this property is all about the capital growth!

The property is on the market with Phillip James, click on the below link for more information.

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