Category: investment deals

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A superb investment opportunity to start your buy-to-let portfolio

This two double bedroom flat is on The Ridgway in Romiley and offers the potential investor a yield of over 6%, the property is in need of cosmetic work throughout and offers communal areas including lawns and a patio area.

This first floor flat comprises of a communal entrance hallway with stairs leading up to the flat entrance, the ‘L shaped’ lounge/dining area is well proportioned and offers spacious living accommodation, the modern fitted kitchen has ample worktop and cupboard space, the two double bedrooms look like they need some TLC, purely cosmetic work and the bathroom completes the flat. Externally the property offers communal areas which are regularly maintained.

The property has the potential to offer anywhere between 6% to 6.6% yield, which is great for the area especially in Romiley, you don’t tend to see yields over 5%. These yields are based on £500 to £550 per calendar month, this is dependant on the standard of the completed works and the finish.

Currently on the market for £99,950 with Edward Mellor, Woodley.

https://www.rightmove.co.uk/property-for-sale/property-55314900.html

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A one bedroom house with off road parking in a desirable location in Marple Bridge

A rare and unique one bedroom property in the heart of Marple Bridge with OFF ROAD PARKING AND GARDEN. Located within an attractive cobbled square in a much sought after conservation area close to all bars, restaurants, Brabyns Park and train station.

Located with one of four properties which offers seclusion from the village. In brief the property offers a large and spacious lounge with built in storage. The kitchen is well appointed with plenty of storage and work surfaces units. A rear porch has been added giving extra storage with power.

The first floor offers a spacious double bedroom boasting an array of fitted wardrobes. A large four piece suite bathroom with further storage over he bulk head.

The garden is located to the rear, separate from the property.

An ideal buy to let property which will appeal to someone who is looking to start their portfolio off.

The property would achieve £600 pcm due to its location, offering a 4.2% yield. Currently on the market with Julian Wadden, Marple for £169,950.

https://www.julianwadden.co.uk/property-details/28012562/cheshire/marple-bridge/lower-fold-4?page=1&instruction_type=Sale&address_keyword=Lower+Fold%2C+Marple+Bridge%2C+Cheshire&minprice=&maxprice=&property_type=&showstc=1&showsold=0

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ATTENTION BUY TO LET INVESTORS – A two bedroom semi-detached offering over a 6% yield

A two bedroom semi-detached property on Goyt Valley Walk in Bredbury situated in a quiet position and offering well maintained accommodation throughout and an enclosed rear garden with a patio area.

The property comprises of; an entrance hallway, lounge with a modern fitted fireplace, the kitchen has ample worktop and storage space and is well maintained. The first floor reveals two double bedrooms and a modern fitted family bathroom. Externally there is a well proportioned enclosed rear garden with a patio area, there is a lawned front garden with path leading up to the property, there is on the road parking also.

This great buy to let property has the option for the current tenants to stay on at the property, they are currently paying £550 pcm. I would say that you would be able to achieve up to £575 pcm for the property, giving you a healthy 6.1% yield.

Currently on the market with Woodhall Properties, Hazel Grove for £112,000.

https://www.rightmove.co.uk/property-for-sale/property-74268755.html

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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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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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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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A beautifully presented ‘ready to move into’ terrace on Compstall Road

A stunningly refurbished two bedroom cottage terrace with OFF ROAD PARKING. This superb property has been refurbished to a high standard and ideally located within easy walking distance to both Marple Bridge village and Etherow country park. It will appeal to your first time renters and professional couples.

In brief the property offers a spacious lounge with a feature fireplace, under stairs storage, a downstairs w/c and a large kitchen diner. The kitchen has been fitted to a high standard with extensive storage units and work surfaces whilst still offering plenty of room for a large dining table.

The first floor reveals a double bedroom, a single bedroom and a contemporary three piece bathroom suite.

Externally the property has a yard area which has been resin bound with a spacious outbuilding ideal to covert to an home office or great for storage.

This property is ‘ready to move into’ and will require no work before being able to rent it out, you will be able to achieve £700-£750 per calendar month and will have no trouble renting it out due to the finish, location and added bonus of off road parking.

The property is currently is on the market with Julian Wadden, Marple for £190,000, giving you a 4.7% yield based on £750 pcm. The beauty of this property is the longevity of earning a rental income as it will rent out over and over again.

https://www.julianwadden.co.uk/property-details/27922622/cheshire/marple-bridge/compstall-road-3?page=1&instruction_type=Sale&address_keyword=Compstall+Road&minprice=&maxprice=&property_type=&showstc=1&showsold=0

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