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

Somerford Road, Reddish with an unbelievable yield of over 9%!!!

This property came to the market recently and although in need of some updating should still make a sound investment.

The property’s condition is such that any potential buyer could be faced with spending around £10,000 to £15,000 to bring the house up to standard but once fully refurbished the property should rent for around £650 per calendar month which is still an outstanding yield for the area at 7.8% based on a total outlay of £100,000. Not to mention that with the current sales market the property could be worth anything from £125,000 to £135,000 once refurbished. The property is on the market with Phillip James and can be found using the below link. Be quick it wont be about for long!

http://www.rightmove.co.uk/property-for-sale/property-47465253.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 on 0161 443 4020.

Hassan Mahmood

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