Month: May 2018

A fantastic opportunity in Romiley with the potential to earn over a 7% yield

New to the market is this two bedroom flat in Romiley offering the buyer a fantastic 7% yield. Situated on The Ridgway this first floor flat is need of slight modernisation and redecoration and according to the selling agents it has been priced realistically and all interest and offers are invited, this may give you the potential to further increase the yield percentage.

Offering a lounge, a fitted kitchen, a three piece family bathroom suite and two double bedrooms.

The potential yield is based on the property achieving £595 per calendar month, based on comparables this is achievable.

Currently on the market with The Express Estate Agency at £99,950.00

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Local occupancy ratings

Some people rattle around in their home like two beans in a can whilst others are packed in like sardines in a tin. There is a formula, created by the Office for National Statistics which gives the occupancy rating of each home. This number shows whether a property has the ‘right’ number of rooms given the number of people living there. This shows the picture in our local housing market.

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A superbly located property in the heart of Marple offering both capital growth and a healthy yield

This three bedroom mid terrace property is situated in the heart of Marple, a stone’s throw away from local amenities.

The property offers to the ground floor; entrance hallway with an electric stair lift which can be removed if required. The kitchen which is situated at the front of the property has ample worktop and storage space and also room for a dining table, at the rear of the property you will find the lounge with sliding glass doors that lead out onto the rear garden and patio area. The first floor reveals three well proportioned bedrooms and a family bathroom.

Externally the property offers off road parking at the front and an enclosed rear garden.

The potential yield you would look to achieve is 5%, this is based on £800 pcm.

Currently on the market with Julian Wadden, Marple for £190,000.

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Property prices by house type

The last few years have been something of a rollercoaster ride for property markets up and down the country and our area is no different. Here we show how prices of different house types have changed relative to one another over time.

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The annual sales split (houses vs flats)

In some parts of the country, the split between a house and flat sales is very extreme while elsewhere there is more of a balance. It primarily comes down to the nature of the area and how densely populated it is. Rural, semi-rural and suburban areas are dominated by houses whereas urban districts are awash with flats. The chart shows the picture in our area.

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How best to increase the value of your home

When it comes to selling your home, a significant amount of your home’s resale value will depend on what’s happened to the Marple and Marple Bridge market as a whole. Here average sales values have risen by 17.2 percent over the last ten years. However, there are several tactical decisions you can make to push up the final price.

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