reddish and tameside property blog

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

how often do people move property in the local area?

More than six-million people move home every year according to national census figures. These numbers reveal we are changing homes at a faster rate than ever before with people in the southern half of the country the most frequent movers. Conversely, those living in the North East, North West and Wales move home less frequently than anyone else in the UK.

The average lifespan of a British person is now 81.5 years; during this lifespan people will move home about six times. With 14 years, the South West leads the way for the shortest amount of time people live at one property while the longest amount of time people stay at their properties is in Wales where the average is 23 years.

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2 Bed Terrace in reddish with a yield of over 7%

I recently saw this property while browsing the portals and thought it was worth a mention.

This house looks as though it might require some work which will eat in to your yield but you should still be able to comfortably achieve 6-6.5% .  The property is priced at £99,950 and would command a rental income of around £595 per calendar month giving a yield of over 7%. Please click on the link below for more information.

http://www.rightmove.co.uk/property-for-sale/property-68039873.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.

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1 Bedroom flat on reddish road with a yield of up to 8%

A great investment opportunity which has recently been reduced. It is located in South Reddish and should easily attract a tenant with its close proximity to Stockport and transport links.

The property is modern inside and well proportioned throughout. Having only 1 bedroom will restrict the applicants to couples or singles but with rent for a 2 bed terrace currently anywhere from £575-£675 the price alone would attract plenty of interest. The property is being advertised by ourselves and the details can be found on Rightmove using the below link.

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barlow road, levenshulme

Attention DIYers

Check out this sneak preview of a property due to come to the market at a guide price of £115,000. Currently being let out as a house share there is potential to convert back in to a family home. Complete refurbishment required!

Give my office a call for further details; 0161 443 4020

A sneak peek of this property in Levenshulme with fantastic potential

Posted by Julian Wadden Estate and Lettings Agents on Thursday, August 3, 2017

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2 Bed Semi on Greg Street with a yield of 7-8%

This 2 bed semi detached house my attention today because of the asking price of £95,000.

The property is a good size two bed with plenty of outside space which would be ideal for tenants with small families, it is also in the popular location of South Reddish which makes it ideally placed for local schools and transport links. The property should easily command a rental income of £650+ Per calendar month giving a yield of over 8%. From the pictures the property is in need of some quite substantial work to bring it up to a lettable condition, but assuming a cost of around £15,000 for the work you would still be achieving a yield of over 7%.

For more information please click on the below link. 

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welcome hass. our new man in reddish

Times are changing at Reddish. The reins of Julian Wadden Reddish are being handed over to my colleague Hass Mahmood. Hass is transferring over from our Heaton Moor Branch and he’s a local Heaton Moor boy.

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which landlords insurances are available?

Landlord insurance is similar to your normal home insurance but is designed to cover rental properties. Your standard home insurance will not be adequate for covering buy to let properties also.

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2 Bed terrace in denton with a yield of up to 8%

This property was recently reduced and caught my eye as a decent buy to let so I decided to feature it in today’s blog.

The property seems to be in good condition and should need little or no work to be ready for any potential tenant, location is also good being in the centre of Denton. We have let similar properties in this area and never had any issues finding tenants or getting reasonable rents.

With a purchase price of £85,000 and rental income of £550-575 per calendar month this would give you a return of 7.76% – 8.12%. The property is on the market with Phillip James, click on the below link for more information.

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Length of residents’ working day

Areas which are home to residents who work long hours tend to have something of a split personality. The people you might see on the street on weekdays are often very different to those at weekends. The crucial benchmark is 49 hours per week. If you’re working that many hours or more, remember no one on their death bed ever wished they’d spent more time in the office!

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