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

Gorton Road, Reddish with a potential yield of over 7%

This flat recently came to the market and I thought it would be a good property to feature in this week’s blog please read on to find out why!

People always seem to be put off by the idea of buying a flat above a shop but in my opinion if the price is right and the figures stack up then why wouldn’t you buy one? Admittedly this property has been on the market a while and has done the rounds with a few different agents but you would be hard pushed to find a property right in the centre of Reddish for less than £100,000 and this property is being marketed at £85,000. With a purchase price as low as that you can’t go wrong.

Internally the property looks in good condition and could possibly do with some minor improvements but costs should be minimal. I have recently let similar properties in the area for up to £525 per calendar month which would give you a yield of over 7%. The property is on the market with Reeds Rains and the details can be found on Rightmove using this link.

http://www.rightmove.co.uk/property-for-sale/property-43805223.html

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.

 

Hassan Mahmood

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