The question of renting a property furnished or unfurnished does depend on the location and type of property. For example, if your particular property is more suited to a family, they may already have their own furniture which they would prefer to use. However, young professionals renting flats may prefer the property to be furnished. One of the most important things to note is that any furniture supplied must comply with safety regulations and if it was to break you would have an obligation to provide a replacement for the tenant.
As an overseas landlord, your letting agent would be required to deduct tax from your rental income before sending it to you unless they have permission from HMRC to pay the rent to you in full. This tax would then be paid to HMRC quarterly and at the end of the tax year you would be provided with a certificate in order to complete a self-assessment tax return and prove how much tax you have paid. If you would prefer the rent to be paid in full so you could complete a tax return and pay any money owed directly, HMRC will provide your letting agent with an approval number once you have registered with them which they need to pay the rent to you in full.
I came across this 3 bed property whilst browsing Rightmove this morning and thought it was worth a mention for anyone looking for an investment.
The property looks as though it has recently undergone full modernisation and would be ideal for a first time investor. The property is located in the ever popular South Reddish which will be a draw for potential tenants.
This property should easily achieve a rental income of around £675 per calendar month but could go for as much as £695 per calendar month. This would see a yield of 6%-6.5% which is a good solid investment considering there is no work required.
If you would like any further advice on rental investments in the area then please visit our branch in the centre of Reddish or give us a call on 0161 443 4020.
The property is on the market with Phillip James and can be found on Rightmove using the below link.
An inventory is a list of all items in the property, the walls, flooring, fixtures & fittings are just as important as any furniture as these can still be damaged by the tenant. Once a tenancy has come to an end we conduct an inspection based on the original inventory to establish whether the tenant has caused any damage above fair wear and tear in order to recover any costs to rectify the issues from their deposit.
A great investment opportunity that I would like to bring to your attention. The property recently came to the market with us and is definitely worth a look.
The property is located in the popular area South Reddish and should easily attract a tenant with its close proximity to Stockport and transport links.
The interior is well proportioned and modern throughout. Having only 1 bedroom will restrict the applicants to couples or singles but with rent for a 2 bed terrace currently anywhere from £575-£650 the price alone would attract plenty of interest. The property is being advertised by ourselves and the details can be found on Rightmove using the below link.
We have let a smaller property across the road for £475 per calendar month so £495-£525 would be more than achievable for this property giving you solid 7% return.
This property came to the market recently and although in need of some updating should still make a sound investment.
The property’s condition is such that any potential buyer could be faced with spending around £10,000 to £15,000 to bring the house up to standard but once fully refurbished the property should rent for around £650 per calendar month which is still an outstanding yield for the area at 7.8% based on a total outlay of £100,000. Not to mention that with the current sales market the property could be worth anything from £125,000 to £135,000 once refurbished. The property is on the market with Phillip James and can be found using the below link. Be quick it wont be about for long!
I came across this immaculate property with a very modern interior and thought it would make a fantastic buy to let investment.
The décor of this property is sure to attract plenty of interest and with its close proximity to Houldsworth Square should make it a great buy to let purchase. This is a property for anyone who wants a quick and easy buy to let, from the look of pictures you would need to do little or no work and can look to find a tenant as soon as you have the keys. I would expect the property to achieve around £700 per calendar month which would be a yield of just over 6.5%. The property is being marketed by Philip James at £125,000 and can be found using this link.