February 26, 2016
victoria mill – a popular development
Another highly sought after apartment in the ever popular Victoria Mill located in the centre of Reddish. This converted Mill still demands high rents that continued to increase which makes this a fantastic buy at £89,950
These apartments are great for any investor that wants an easy life. The apartments are all modern and easy to maintain, there is also a concierge at the main entrance to help with any problems.
In the last 12 months alone we have seen rental prices in the Mill for a 1 bed duplex jump by as much as £75 per calendar month. This property in particular should rent for around £595 per calendar month which would be a yield of 8%. Service charges and ground rent come in at around £130 per month but even taking this in to account you would still be achieving a yield of up to 6.3%. The property is being marketed by John Mellor and the details can be found on Rightmove using this link.