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

Month: July 2017

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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Summer Reading Challenge

With summer holidays approaching many parents are wondering how to keep their kids engaged. Denton West End community library are hosting a coffee morning for the launch of their 2017 reading challenge.

This year is themed ‘Animal agents’ and the library will set challenges for the children to read two books over the next 6 weeks. There will be rewards and a certificate at the end of the challenge for all that participate.

The launch date is 22nd July from 10am – 12.30pm.

If you like any more information on the event you can call the library directly on 0161 336 6225.

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Reddish Cheerleading Team

Did you know Reddish has a ground cheerleading team? With a crew of 30, aged between 5 and 17, and training on a Monday at Abingdon Primary School, this looks like great fun.

Coached by Hayley Ratcliffe who has been cheerleading since the age of 7. She started with Rising Stars in 2003 and stayed part of their team until she was 16. She began competing with them right away at UKCA competitions in Manchester, performing at the Etihad Stadium and at BCA in Blackpool. In later years, Hayley was put into their Junior dance team where she competed at ICC in Blackpool, Birmingham, Nottingham and Liverpool.

A great way to keep your little one fit whilst having fun!

For more information please click here.

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Local property prices vs region & country

It is hard to gauge actual property price movements without having something to compare them against. The chart shows the price differences in our area compared to the wider region and the rest of England and Wales for the last eight years.

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Monthly sales rate by main house type

This chart takes a look at how sales levels have evolved over the last eight months in the local area. It should be noted that we’re looking at a relatively tight area over short periods of time, which is why there is a lot of volatility in the figures. The patterns however, are very revealing and show how seasonality affects the dynamics of the market.

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