In Reddish, the majority of households own one car (43.1% of all households). This is 0.5% higher then the average in the North West. The next most common category of car ownership in Reddish is no cars (36.8% of all households), which is 8.8% higher than the average in the North West.
This 3 bed property has recently reduced and has the potential to be a very good buy to let investment.
The property does have a couple of drawbacks in the sense that there is no off road parking, it is located on a junction and there is only a small yard to the rear but none of these issues are present once you are inside the property, traffic noise is minimal and the property is extremely spacious with two large reception rooms and three double bedrooms. The décor is also to a good standard and would only need minimal work.
With this property none of the drawbacks outweigh the benefits, for example the house is located on the boarder of Reddish and Dane Bank which is an extremely popular area, the price is £110,000 which is a bargain for 3 double bedrooms and would easily see a rental income of £650 per calendar month giving more than a 7% yield.
The property is on the market with Julian Wadden and can be found on Rightmove using the below link.
Well its been a slow week for investment opportunities this week and after scouring the property portals looking for something interesting I’ve unfortunately drawn a blank, however I have featured this property in a pervious blog and although I wouldn’t usually feature the same property twice this one has been reduced by £10,000!
At the new price the figures are even more attractive than last time. Basing your purchase price at £75,000 and a rental income of £550 per calendar month you would see a yield of over 8.5%. The property is likely to have a service charge which isn’t mentioned in the advert but assuming it’s £50 or less per month you would still be seeing an 8% return.
The property is on the market with Bridgfords and the details can be found on Rightmove using this link.