July 26, 2016
Gorton Road, Reddish with a potential yield of 6.5%
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 in decent condition and would be ideal for anyone not wanting the hassle of refurbishing a property.
This property should see a rental income of around £650 per calendar month and basing the purchase price at £120,000 would give you a reasonable yield of 6.5%.
The property is located in North Reddish close by to the only train station in Reddish which is likely to attract tenants. The property is on the market with Edward Mellor and can be found on Rightmove using the below link.
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.