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.