Month: February 2018

On the market for £80,000 is a perfect investment opportunity for somebody searching for a low maintenance investment. Located in the modernised ‘Victoria Mill’ this one bedroom apartment requires very little work before coming to the market. Victoria Mill is a very popular development and you could expect to let the apartment swiftly for between £495pcm and £525pcm, after the service charge & ground rent has been paid you would receive a yield of between 7.05% and 6.6%.

Marketed by Edward Mellor for a guide price of £95,000 is this three bed semi on Fovant Crescent, the property is to be sold at auction on the 13th March 2018. Given the price & lack of internal photo’s i would imagine the property is need of some renovation works. The property is situated on a really popular road within Reddish and comes with a large rear garden. Once renovated properties similar to this one let between £675pcm – £725pcm depending on the final finish. I suspect this property will receive interest from both investors & people searching for a family home. 

With savers continuing to receive poor returns from banks and building societies, thousands of people unsurprisingly continue to turn to residential property as a means of supplementing their income, supported by record-low mortgage borrowing rates, solid demand from tenants and stable yields, as buy-to-let consolidates itself as the investment of choice.