On the 10th of February Gascoigne Halman brought to market this one bedroom apartment on Torr Top Street, New Mills, at Offers Over £100,000.
This second floor apartment in Foundry Court is being sold with a tenant in situ who is paying £500 a month, creating an exact 6% gross yield.
New Mills is a properly picturesque location in South Manchester, so it is not a surprise the apartment benefits from spectacular views, but the added bonus of an off-road parking space is a real boon when parking is at such a premium, as it is here.
We have recently let a property on High Lea Road in New Mills, where three separate people had put applications forward, so we know there is currently a certain demand for rental properties, which is shown by lack of options in the surrounding Marple and Romiley areas.
The property advert can be found here but, as ever, if you would like a more general rental or investment conversation you can always give me a call on 0161 427 0733.