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

Lonsdale Avenue, Reddish with a potential yield of around 6.9%

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

Doer-upper is the first thing that comes to mind with this property and it is going to need a considerable amount of work to be in a “lettable” condition, however this shouldn’t be a problem for any seasoned investors. The property is in a good location for transport links to Stockport and the city centre with bus routes and the train station located just 5 minutes’ walk away.

I would estimate works to cost around £10,000 and assuming you could get the property for £90,000 this would put your total spend at £100,000, 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 Reeds Rains, click on the below link for more information.

http://www.rightmove.co.uk/property-for-sale/property-42960369.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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