March 27, 2017
Somerford Road, Reddish with an unbelievable yield of over 9%!!!
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!
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.