Last week I blogged about a cracking renovation project on Didsbury Road, on the market with Bridgfords. As expected, the property sold in record time! With many of my clients not even getting through the front door before the SOLD sign went up.
But do not fear, for another renovation project on the same road is now on the market!
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.
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!!)