(covering marple, marple bridge, mellor and compstall)

Month: June 2018

An end of terrace in Marple offering a superb buy to let investment opportunity

A well presented and charming two double bedroom garden fronted end terrace on Upper Hibbert Lane, Marple, offering spacious accommodation throughout.

In brief the accommodation comprises to the ground floor: spacious lounge with feature fireplace and kitchen/diner with ample storage space and work surfaces and also benefits from under stairs storage. To the first floor the master bedroom is flooded with light from two windows and also has a charming fireplace as an additional focal feature. A further double bedroom can be found off the landing, along with a spacious shower room. Externally to the rear there is a yard that can also be used for off road parking.

The property is currently on the market for £179,950, the rent you would look to achieve is £700 pcm, offering a 4.7% yield. It will appeal to your first time renters in particular.

Currently marketed by Julian Wadden, Marple.

https://www.julianwadden.co.uk/property-details/27988099/cheshire/marple/upper-hibbert-lane-2?page=1&instruction_type=Sale&address_keyword=Upper+Hibbert+Lane&minprice=&maxprice=&property_type=&showstc=1&showsold=0

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A property offering over a 6% yield situated in a convenient location

Situated on Higher Bents Lane is this two bedroom mid terraced property, offering ‘ready to move into’ accommodation, a converted cellar which is currently used as a another bedroom and situated in a convenient location, close to local amenities and transport links.

This great buy to let property offers to the ground floor; a lounge with laminate flooring and UPVC double glazed windows, the modern fitted kitchen comes complete with worktop and storage space, integrated oven and hob and ample space for a dining table, the utility room is found off the kitchen and provides a useful space. The first floor reveals two double bedrooms and a family bathroom with a four piece suite. The cellar has been converted into another bedroom, but can be used differently if needed.  

Externally there is an enclosed rear courtyard.

The potential yield you would look to achieve on the property would be 6.2%, this is based on £650 pcm. It will appeal to the first time renters market in particular, being ready to move into.

Currently on the market with Edward Mellor, Woodley at £125,000.

https://www.rightmove.co.uk/property-for-sale/property-55032456.html

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A fantastic opportunity offering the potential to earn over 7% yield

This two bedroom, bay fronted mid terrace is situated on Stockport Road East, Bredbury and is offering the prospective buyer a chance to earn over a 7% yield which is a rarity in SK6!

The property comprises of an entrance hallway, the separate dining room is situated at the front of the property, whilst the living room is at the rear. The kitchen is in the extension off the rear with a handy downstairs WC at the end. The first floor reveals two bedrooms, one double and one single. There is an ensuite shower room and a separate bathroom.

Externally the property provides a rear walled courtyard.

The property is need of full refurbishment, and build costs need to be taken into account when looking at the yield. Even with build costs included there is a potential to earn over 7% which is a rarity in the SK6 area.

The property is currently on the market with Edward Mellor, Stockport at £80,000. The property is going to auction.

https://www.rightmove.co.uk/property-for-sale/property-65723365.html

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Foragin – NEW BAR

We always get excited about a new bar opening and this one has not disappointed. With a superb selection of gin and a stylish interior, it is a great addition to Marple’s already great bars and restaurants.

Definitely worth a look!

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Flower Power!

Marple’s Open Gardens is only a couple of weeks away on the weekend of Saturday 7th & Sunday 8th. Find out how to get involved and how to support a great cause raising money for Cancer Research UK.

 

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A stunning two double bedroom apartment spanning over 1100 sq feet offering a fantastic yield

A stunning and stylish TWO DOUBLE BEDROOM, TWO BATHROOM apartment spanning over 1100 sq ft. The apartment has lift access and allocated parking and is only a short drive from Marple Bridge Village. The Kinderlee Mill development in Chisworth was built in 2016.

Finished to an exceptional standard this apartment is an ideal first time rental property offering ‘Ready to move into’ accommodation. Ideally located with only a 8 minute drive to Marple Bridge with bars, restaurant’s and train station directly in the Manchester.

In brief the property offers a large entrance hallway which offers ample space for a cloak area and doubles up as an office space. A utility room and w/c giving extra storage space. Two double bedrooms both benefitting from ensuite shower rooms. A large contemporary kitchen with integral dishwasher, fridge freezer, oven and hob. The kitchen also offers ample space for a breakfast table. The living area is extremely generous in size with plenty of space for both a lounge and dining area.

The apartment has a great feel about it with superb entertaining space and is larger then most apartments.

The potential yield you would look to achieve on this property is 5.7%, this is based on £850 pcm. There is a yearly service charge which is £1500, broken down this is £125 per month and includes the maintenance of the building (inside and out), communal areas, window cleaning and buildings insurance.

Currently on the market with Julian Wadden, Marple for £180,000.

https://www.julianwadden.co.uk/property-details/27955276/derbyshire/chisworth/kinderlee-mill-south?page=1&instruction_type=Sale&address_keyword=kinderlee&minprice=&maxprice=&property_type=&showstc=1&showsold=0

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Another great carnival

We were proud to be the main sponsors of the Marple carnival for the third year running. I am sure you had a great day with all that was on offer, the parade was certainly in full swing and there was so much on offer in the Park.

Have a look and see if you made it onto the pictures!

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How much have house prices increased since England won the World Cup?

With the FIFA World Cup kicking off on 14th June, we have been reflecting on the last time that England was victorious and how much the housing market has changed since then.

When England last won the championship in 1966, the average price of a home was just £3,558. More than half a century later, average prices have increased by a massive 5853% to almost £212,000. Back then, just over half of homes (51%) were owner-occupied. Now the proportion of households living in their own home has increased to 63% (although it did peak at 70% in the early 2000s).

The proportion of households renting privately is at the same level as it was, at 20%. However, this masks the massive change in private renting in the intervening years, having dropped to less than 10% in the early 90s.

Finally, there have been many changes to the fabric of our housing stock. Since Bobby Moore lifted the World Cup, more than 6.5 million new private homes have been built across England.

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Annual Percentage increase in average rents

I have reported in previous editions of ‘The Landlord’ that there has been an increase in average rental figures across Manchester so I thought I would look further into this date and look specifically at the area’s Julian Wadden covers.

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Breakdown of age bands

The split of population by age group has a big effect on the local housing market; the demographic profile affects prices, but more importantly the tenure mix and the rates of sales. The patterns you can see here gives you a good insight into the profile of local residents.

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