This immaculate 2 bed property came to the market today and immediately stood out as a fantastic buy!
As I’m sure you are aware the property market has picked up in the last 12-18 months and it has been increasingly more difficult to find buy to let property for around £100,000 in Reddish and considering such houses usually need refurbishment of around £10,000 and 3-6 months in lost rent while work is carried out makes this house an attractive proposition at £115,000.
The property is located in the centre of Reddish which is always popular for buyers and tenants alike. This house should see a rental income of around £595 per calendar month giving a yield of over 6%, easy money in my opinion.
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.
The property is on the market with Julian Wadden and can be found on rightmove using the below link.
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 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 center of Reddish which is always popular for buyers/tenants.
This property should return a rental income of around £650 per calendar month but could go for as much as £695 if refurbished. Basing the rent at £650 would return a yield of over 6%.
If you would like any further advice on rental investments in the area then please visit our branch in the center of Reddish or give us a call.
The property is on the market with Warrens and can be found on Rightmove using the below link.
When this property came available I 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 more and more difficult to find good buy to lets for around 100k. With a small amount of work this house could achieve up to £595 per calendar month. The house is located in north reddish close to all local amenities and the train station. For anyone considering getting in to the buy to let market this would be a good choice. We have let properties on this street in the past and with a rental income of £595 per calendar month you would see a yield of over 6.5%. The property is on the market with purple bricks, click on the below link for more information.
I found this modern purpose built apartment for under £100,000 and thought it would make a great buy to let investment.
This sort of apartment is perfect for any investors that want an easy life. With it being a new build maintenance should be to a minimum and finding tenants shouldn’t take long as new builds always rent quickly and this property is only a short walk to North Reddish train station. We have let an identical property in this block for £550 per calendar month but the market has improved in the last 12 months and I would therefore expect it to achieve £575 giving a yield of over 7%. Service charges and ground rent need to be taken in to consideration but assuming the charges are around £50 a month you would still be seeing a yield of over 6%. The property is on the market with Bridgfords and the details can be found on Rightmove using this link.
I saw this property come to market recently and thought it was worth putting it out there for all you potential landlords.
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 landlords with a portfolio. The property looks in reasonable 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 £550 per calendar month you would see a yield of over 7%. The property is on the market with purple bricks, click on the below link for more information.
Another highly sought after apartment in the ever popular Victoria Mill located in the centre of Reddish. This converted Mill still demands high rents that continued to increase which makes this a fantastic buy at £89,950
These apartments are great for any investor that wants an easy life. The apartments are all modern and easy to maintain, there is also a concierge at the main entrance to help with any problems.
In the last 12 months alone we have seen rental prices in the Mill for a 1 bed duplex jump by as much as £75 per calendar month. This property in particular should rent for around £595 per calendar month which would be a yield of 8%. Service charges and ground rent come in at around £130 per month but even taking this in to account you would still be achieving a yield of up to 6.3%. The property is being marketed by John Mellor and the details can be found on Rightmove using this link.