June 27, 2016
Alderley Road, Reddish with a potential yield of over 6%
This property came to the market today and although in need of some updating should still make a sound investment.
The property’s condition means that the buyer could be faced with spending around £10,000 to bring the house up to date but once fully refurbished the property should rent for around £650 per calendar month which is still a 6% yield based on a total outlay of £130,000. The property is on the market with Phillip James and can be found using the below link.
If you would like any further advice on rental investments in the area then please visit our branch in the center of Reddish or give us a call.