June 24, 2016
Moston Street, Reddish with a potential yield of over 6%
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.