Month: August 2017

a two bedroom apartment, in need of a touch of tlc – a perfect buy to let

New to the market this week is this lovely looking two bedroom ground floor apartment. Located down New Beech Road, popular for its cobbles, views of St Johns Church and close proximity to Heaton Mersey village this apartment is likely to be a desirable home for a professional couple looking to live near the trendy bars, restaurants and shops that The Heatons have to offer.

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a rare renovation project

Another gem has hit the market in the last few days opening the door to developers or to landlords!

http://www.rightmove.co.uk/property-for-sale/property-68437622.html

True renovation projects are in short supply these days with most properties having already undergone an element of renovation, or already been snapped up by savvy developers so this really is a gem which will sell FAST.

The house is on the market with Gascoigne Halman for £130,000 and looks to need a good £10-£15k spending on it.

Similar fully modernised houses on the street have sold for £175,000 giving a pre-tax profit of £30,000.

From a rental perspective, if done to a high standard the house could achieve £775.00pcm giving a yield of 6.4% (and that includes the £15,000 for works!!)

This house really is win win!

 

 

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should i allow pets in my property?

Cats, Dogs, Birds, Rabbits, Fish, Lizards, ssssssssnakes…in my 10 years as a Letting Agent I have seen them all! Some cute and fluffy, some scaly and slimy but all are the heart and soul of the family in which they live. But for landlords, the fear of pets in their property is a harsh reality.

With every tenant stating that their pet is well behaved and fully house trained, should you allow pets to live in your rental property?

The national average, according to a PMFA survey in 2017, stated that a whopping 44% of households in the UK currently have a pet of some description. In the North West alone, 27% of households own a dog and 16% own a cat.

With families flocking to The Heatons for the excellent schools, parks and family friendly atmosphere you would be excluding a large section of the market if you declined to have pets in your property. However, can we ignore the potential damage that cats and dogs in particular can cause?

The good news is that tenants are responsible for any damage/issues caused by their pets with most offering a higher deposit as a sweetener to encourage landlords to accept their four legged friend(s).

When accepting pets in your property it is imperative that you take a healthy deposit and carry out a detailed, photographic inventory so that a deposit claim can be made in the event of any damage (I always recommend inventories of this standard, pets or not). I would also recommend an addendum is added to a contract (if there isn’t one already) stating that a professional flee treatment is carried out at the end of the tenancy and proof of this provided upon vacation.

The decision ultimately lies with yourself and how comfortable you would feel with allowing pets to live in your property however with the proper measures in place, tenants and their companions can live in harmony in your house.

If you would like any further advice, or would like to submit a question for Septembers ‘Ask Anna’ then please feel free to call me on 0161 442 1118, email me at annacorrigan@julianwadden.co.uk or visit me at my office on Moorside Road.

Anna

 

 

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McAuley Arrives in The Heatons

Based on Wellington Road, McAuley Photography Studios have a beautiful new premises, which provides an opportunity to meet Claire and discuss what she can do for you.

Having viewed recent shoots which include transforming the Heaton Chapel studio into the magical fairy glen, the skill and flair of this highly regarded local photographer, will be in great demand.

Good luck McAuley Studios.

Click here for more details

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Heatons Auctioneers Highlights

Art lovers throughout The Heatons have a feast of auctions over the next few months. Establish in 1826, Capes Dunn have recently moved from their Manchester City centre, to Station Road in Heaton Mersey.

Selling a large number of Fine Art & Antiques, Capes Dunn also host fortnightly Interiors, Vintage & Modern auctions.

Their next auction is the ‘Interiors, Vintage and Modern Effects’ sale on the 29th August. Hope you grab a bargain if you make it!

Click here for details

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New Heaton Chapel Steak House

The steak house ‘Miller & Carter’ are just five weeks away from opening. Taking up residency where the Toby Carvery pub ‘The Rudyard’ used to be, Miller & Carter are promising prime 30 day aged steaks, cooked to perfection.

Once you have decided on one of the thirteen different steaks available, you’ll also get to choose your own delicious steak sauce. A signature crispy onion loaf, a dressed iceberg wedge and a grilled balsamic-glazed tomato, will be added to complete your steak experience.

Sounds gorgeous!

Click here for details

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Industry of occupation

The profile of jobs is an important yardstick for the makeup of people in a housing market. In this analysis we’ve used data from the Office for National Statistics on the number of people in the local area who work in each industry. The categories are a bit vague but if you look at the longest bars, you can see a pretty good profile of our area.

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Monthly prices by property type

The data for our area over the last five months reveals interesting fluctuations across property types. The last 3 months are coloured with stripes. This is because the data is still coming in so we’ve estimated what we think they will be when all the data is available.

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A quarterly index of sales levels

This chart shows how sales levels in the local area sit now compared with two years ago. The analysis indexes types of property so they start at the same point (100) so you can easily see how they’ve moved in relation to each other. The chart shows the quarter-on-quarter fluctuations typical of local analysis, it also shows how the market has been affected by seasonal change.

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