Another fantastic property to add to your buy to let portfolio

A three bedroom end terrace property has just come to market on Underhill, Romiley and offers great potential to create a superb buy to let.

Located in a central location in Romiley this three bedroom end terrace which is in need of modernisation but offers great potential. It briefly comprises of; an entrance hallway with useful downstairs WC. The kitchen is located at the front of the property whilst the rear offers a separate dining room and lounge – these could be knocked through to create open an plan living space and in turn will appeal to more of the market. Upstairs there are two double bedrooms, a single bedroom and generously sized bathroom.

Externally there is a rear garden with mature flower beds whilst there are communal parking spaces out the front.

The property is currently on the market for £160,000 with ourselves and would achieve £750 pcm once the works are completed, returning over a 5% yield based on costs involved to modernise.

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RESIDENTIAL STAMP DUTY RECEIPTS TAKE A TUMBLE

  • The income for HM Treasury from residential stamp duty receipts fell by nearly £1 billion in 2018 compared to 2017. It is estimated £8.454 billion was collected in 2018, a fall of £926 million compared to £9.471 billion in 2017.
  • 20% of the fall is due to the devolution of the tax income to the Welsh Government. On 1st April 2018, Land Transaction Tax (LTT) replaced Stamp Duty Land Tax (SDLT) in Wales. Since April it is estimated the Welsh Revenue Authority has collected £177.9 million, from 48,140 property transactions.
  • Across England, the revenue from the 3% Higher Rate of Additional Dwellings tax (HRAD) fell by 16.6%, while the number of properties purchased eligible to pay the HRAD fell by 8.7%.
  • Nearly half a million (247,400) first-time buyers have benefitted from the introduction of stamp duty relief on the 22nd November 2017, the estimated cost to the Treasury £570 million.
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A great investment opportunity in the centre of Marple

Situated on Brindley Avenue, is this three bed semi-detached, recently refurbished property. Offering everything that a tenant could need internally and within walking distance to the centre, it certainly looks like a great buy to let opportunity.

The property has undergone a refurb including a new kitchen and bathroom suite. The lounge has an exposed brick fireplace complete with multi fuel burner whilst the newly installed kitchen/diner offers modern, low maintenance living. Upstairs it offers two double bedrooms and a further single. The newly installed bathroom offers a three piece, modern suite. Externally it benefits from off road parking at the front, a newly laid patio area and lawn.

The property would rent out for £825 pcm, as the property has been finished to a modern standard, giving you an encouraging 5.2% yield, based on the Guide Price of £190,000. You will be able to see an increase in capital growth over the following years, another reason as to why it is a great investment.

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The perfect property to add to your Buy-To-Let portfolio

The perfect property to add to your Buy-To-Let portfolio 🏠💰🤩 #Bredbury #marplepropertyblog #buytolet #landlords #investment #yield https://marplepropertyblog.com/the-perfect-property-to-add-to-your-buy-to-let-portfolio/

Posted by Julian Wadden Estate and Lettings Agents on Tuesday, January 29, 2019

This three bedroom mid-mews property on Newstead Grove, Bredbury is offering a fantastic 5.6% yield. Offering ‘ready to move into’ accommodation this property will appeal to a wide range of tenants.

Offering to the ground floor; the front door leads straight into the well maintained lounge/dining area with UPVC French doors that lead out on to the rear garden and decking area. The modern fitted kitchen can be found at the front of the property and has ample worktop and storage space along with modern appliances. The first floor reveals two double bedrooms and a further single, the modern fitted bathroom completes the floor.

Externally the property offers a small lawned front garden and a private rear garden which backs onto woodland.

The property would rent for £750 pcm in its current condition giving you a fantastic 5.6% yield. Currently on the market for £160,000 with Edward Mellor, Woodley.

Click here to view the property

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Ginuary?? A not so dry January

THIS WEDNESDAY 23RD 19:30 @ CHAAT CART MARPLE.

Tarsier Gin is inspired by a backpacking trip across Southeast Asia where Sherwin Acebuche fell in love with the unique sights, smells and tastes of the region. Drawing on influences from the cuisine of the Philippines, Cambodia, Vietnam and Thailand, they have created a gin like no other. A celebration of Southeast Asia, handcrafted in Manchester.

A citrus forward gin, with spicy undertones, complexity on the palate, and a long peppery finish. Tarsier gin is smooth and moreish, perfect with most Chaat Cart dishes!

Come along and learn about the different notes and botanicals that make up the gin.

– Learn about gin

– Drink some gin

– Learn about the perfect serves to compliment this gin

Gin Tasting Masterclass – Ticket includes a gin and tonic or gin cocktail and Chaat Cart nibbles.

Suitable for vegetarians and vegans. Non-alcoholic and hot drinks available. Due to the nature of the event, this class is for over 18s only.

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A superb BTL investment in the centre of Bredbury with a 5.5% yield

A superb 'ready to move into' BTL investment in the centre of Bredbury with a 5.5% yield 🏠 💷 #Bredbury #investment #buytolet #marplepropertyblog #landlords https://marplepropertyblog.com/a-superb-btl-investment-in-the-centre-of-bredbury-with-a-5-5-yield/

Posted by Julian Wadden Estate and Lettings Agents on Tuesday, January 22, 2019

New to the market is this two bedroom, modern terrace in the centre of Bredbury. Offering a healthy 5.5% yield at £600 pcm and with the property being ready to move into this is a must buy for all investors.

Offering modern accommodation throughout, this terrace comprises of; a large lounge with feature fireplace, the modern fitted kitchen at the rear offers plenty of worktop and storage space and benefits from a breakfast bar. The first floor reveals, one double bedroom and a further single, the family bathroom completes the floor. Externally the property offers an easy maintenance rear lawned garden.

The property is situated on Stockport Road East, Bredbury and is within walking distance to both Woodley precinct and the centre of Bredbury as well as both train stations – a great location. It will appeal to your first time renters in particular.

Currently on the market with P J Carroll, Woodley for £129,950.

If you have any further questions about this property or any other property you are looking to invest in please feel free to give me a ring on 0161 427 0733 for any advice.

Click here to view on Rightmove

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Is your health on the agenda for 2019?

If so then Marple has plenty of options on offer!

Holbens Health: https://www.facebook.com/holbensgym/   

This place gets amazing reviews for its facilities, women only area and a great atmosphere.

The Hive: https://www.facebook.com/thehiveat39/

A great place in the heart of Marple to practice yoga and various other activities to providing you peace of mind.

Marple Health: https://www.facebook.com/pages/category/Health-Food-Store/Marple-Health-223604567815045/

A new diet for the new year? why not try Marple Health as a great way to begin to eat healthily. They are really helpful and located on Stockport Road in Marple Village.

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