This property recently came to the market and grabbed my interest so I decided to feature it in today’s blog.
Doer-upper is the first thing that comes to mind with this property and it is going to need a considerable amount of work to be in a “lettable” condition, however this shouldn’t be a problem for any seasoned investors. The property is in a good location for transport links to Stockport and the city centre with bus routes and the train station located just 5 minutes’ walk away.
I would estimate works to cost around £10,000 and assuming you could get the property for £90,000 this would put your total spend at £100,000, With a rental income of £575 per calendar month this would give you a return of 6.9%. The property is on the market with Reeds Rains, click on the below link for more information.
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.
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.
This immaculate 2 bed property came to the market today and immediately stood out as a fantastic buy!
As I’m sure you are aware the property market has picked up in the last 12-18 months and it has been increasingly more difficult to find buy to let property for around £100,000 in Reddish and considering such houses usually need refurbishment of around £10,000 and 3-6 months in lost rent while work is carried out makes this house an attractive proposition at £115,000.
The property is located in the centre of Reddish which is always popular for buyers and tenants alike. This house should see a rental income of around £595 per calendar month giving a yield of over 6%, easy money in my opinion.
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.
The property is on the market with Julian Wadden and can be found on rightmove using the below link.
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 needs some cosmetic work and would be ideal for anyone that has experience in refurbishing property to either sell or let. On the surface there doesn’t seem to be any huge jobs to do just decorating etc. The property is located in the center of Reddish which is always popular for buyers/tenants.
This property should return a rental income of around £650 per calendar month but could go for as much as £695 if refurbished. Basing the rent at £650 would return a yield of over 6%.
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.
The property is on the market with Warrens and can be found on Rightmove using the below link.
When this property came available I thought “Buy to let” and decided it was worth letting you know about its potential.
As prices continue to increase in the area it’s getting more and more difficult to find good buy to lets for around 100k. With a small amount of work this house could achieve up to £595 per calendar month. The house is located in north reddish close to all local amenities and the train station. For anyone considering getting in to the buy to let market this would be a good choice. We have let properties on this street in the past and with a rental income of £595 per calendar month you would see a yield of over 6.5%. The property is on the market with purple bricks, click on the below link for more information.
I found this modern purpose built apartment for under £100,000 and thought it would make a great buy to let investment.
This sort of apartment is perfect for any investors that want an easy life. With it being a new build maintenance should be to a minimum and finding tenants shouldn’t take long as new builds always rent quickly and this property is only a short walk to North Reddish train station. We have let an identical property in this block for £550 per calendar month but the market has improved in the last 12 months and I would therefore expect it to achieve £575 giving a yield of over 7%. Service charges and ground rent need to be taken in to consideration but assuming the charges are around £50 a month you would still be seeing a yield of over 6%. The property is on the market with Bridgfords and the details can be found on Rightmove using this link.
I saw this property come to market recently and thought it was worth putting it out there for all you potential landlords.
This house would make a fantastic first time investment for anyone considering getting in to the property market and would also be a good addition to any landlords with a portfolio. The property looks in reasonable condition and is in a good location. These sort of houses are the bread and butter in Reddish and always rent well. We have let properties on this street in the past and with a rental income of around £550 per calendar month you would see a yield of over 7%. The property is on the market with purple bricks, click on the below link for more information.