On the 4th of March Reeds Rains added to market a one-bedroom first floor apartment on Stockport Road, central Marple.
It has come to market at an attractive £65,000, with our experience in the block suggesting that the monthly return could be as much as £495, giving you a gross return of over 9%.
There is an annual service charge we believe to be in the region of £1,000 per year, although this will need to be confirmed by the marketing agent, still bringing the net return to a more than respectable 7.6%.
Located on the doorstep to Marple centre we can’t imagine any issues renting the apartment, with a single occupant the most likely.
The advert for the apartment can be found here however I am always happy to talk regarding anything to do with rentals or investment.