June 21, 2018
immaculate investment property
Reeds Rains Estate Agents have for sale a two double bedroom semi detached property on the market with a guide price of £150,000.
I think this property would make a solid investment, its situated close by to Reddish North train station and also Hyde Road so attractive for prospective tenants needing to commute into the city centre.
The property itself is in a great condition and offers two double bedrooms, off street parking, a private rear garden & a conservatory to the rear all presented in a move in condition.
I would expect to let the property for £700 PCM, assuming you purchased the property for £150,000 this would return a yield of 5.6%. This may not be the biggest return out there however something you could expect is a long term tenant given the size and location of the property and also some capital growth in the years to come.
If you would like to discuss this in more detail or a different buy to let you have spotted give me a call on; 0161 443 4022.