I wanted to let you know about an excellent Buy-to-Let investment that has caught my eye, right here on Stockport Road in Marple! The one bedroom property is ideally located with the train station, local amenities and local bars and restaurants right on it’s doorstep.
The one bedroom flat is currently on the market with Bridgefords and further information can be found here. I calculate, that even when considering the rent per calendar month below the £500.00 mark, the rental yield that could be achieved is a very healthy, 8%.
This is an ‘easy’ investment, so to speak as it does come with the added bonus of having a Tenant already in situ. If you want to discuss the further potential of this property with me or discuss further Buy-to-Let opportunities in the area, then please give me a call here at the Marple office on 0161 427 0733 or pop in for a chat.
I wanted to throw back Thursday to last week when I completed a measure up at this fantastic buy-to-let opportunity in Romiley! This two bedroom property is situated in a great location on Stockport Road, close to local bars, restaurants and amenities and close to transport links into Manchester town centre. I completed a video whilst I was at the house to give you a sneaky peek and we are looking to get the property on the market this week, so please be quick and give us a call for more information today!
I have come across this great buy-to-let opportunity I wanted to share with you. This one bedroom, ground floor apartment is situated on Grimshaw Close – a quiet cul-de-sac in Bedbury. The apartment is currently on the market for £90,000 and I would foresee this obtaining a rental amount of £550.00 per calendar month which is a great 7.3% yield!
The apartment boasts a great location close to local amenities as well as a short commute into Stockport town centre and a short trip further into Manchester. The property itself has been completed to a high standard inside with a modern kitchen and bathroom. This also has the great use of external storage sheds and has access to a rear garden.
Properties like this would be a great chance for a first buy-to-let investment if you were thinking of taking the plunge, or a brilliant addition to your buy-to-let portfolio.
Either way, if you are interested in knowing more about properties such as this and having a chat about buy-to-let investments in this area, please feel free to give me a call on 0161 427 0733 or pop into the local office in Marple to see me!
I wanted to talk about this stunning brand new home that has been built on Plane Tree Close in Marple. The house has been completed to an exceptional standard with amazing gardens to the front and back. There is space for at least two cars and the property also benefits from an amazing location which is close to great schools and transport links such as Rosehill Station.
At £6.3 billion, the total value of lending in 2019 by the so-called ‘bank of Mum and Dad’ is set to be half a billion higher than in 2018, making it the UK’s 11th largest mortgage lender. 77% of lending is to home movers, not first-time buyers.
This superb end of terrace on Hollins Lane in Marple is ready to move in to with two DOUBLE bedrooms and OPEN PLAN living, also with its’ close proximity to the centre of Marple it will appeal to wide range of tenants, making it a perfect rental property.
Offering ready to move into and modern accommodation it will be hassle free in terms of marketing the property and getting a tenant in, providing a very short void period. Giving you the ability to earn a healthy yield 4.6% and great capital growth, this will be a great addition to your buy to let portfolio.
One in twelve landlords is unaware of a suite of legislative changes that occurred across the lettings industry in recent years, according to the findings of the English Private Landlord Survey 2018 published in January.
Over 80% of landlords were aware of the additional 3% stamp duty burden for the purchase of a second home, with two-thirds having knowledge of the changes to mortgage tax relief and the impending tenant fee ban.
Less well known are the reduction in Capital Gains Tax for non-property investments, and knowledge of the minimum rent to mortgage cost ratio required by lenders to approve a buy-to-let mortgage.
The survey notes that legislative changes are considered the main concern for current landlords, while agents are more concerned about tenant behaviour.
If you are a Landlord, or thinking of becoming one and you too were unaware of these legislative changes, please get in touch with me and I would be more than happy to discuss these with you. Now is also the perfect time to take advantage of the current offer of three months free management we have available for new Landlords as well as existing Landlords who are bringing new managed properties on with us. The majority of our property management team are ARLA qualified and would be happy provide you with stress-free management and piece of mind for your property or portfolio. Please do not hesitate to get in touch!