If you are looking to jointly add value to a purchase, whilst achieving an excellent rental return, then this newly added terraced property in Gee Cross might be one for you to consider.
Added today by On The Move this terraced house on Stockport Road is in need of modernisation throughout, but is marketed at a modest £125,000. With the expected rental return being in the region of £700 per month this would make the initial percentage return approximately 6.7%. Even taking into account costs for refurbishment and legals etc this could still be an excellent buy-to-let purchase.
For those of you looking at the end value, two recent houses on the street have been sold with marketing prices of £155,000 and £160,000 by On The Move and Taylor & Wood respectively.
You can find the advert for the house here but if you want any further information on lettings or investment please do not hesitate to give the office a call on 0161 427 0733.