On my daily browse of Rightmove this morning I noticed that Reeds Rains have listed this three bedroom property in Heaton Chapel It looks in a great condition and could make an easy rental that is ready for tenants to move in to straight away.
Likely to appeal to families, who are less likely to move frequently, the rental income you’re likely to achieve is in the region of £700-£750 per calendar month. This represents good value for money in The Heatons so void periods are are expected to be minimal. Assuming the asking price is achieved the yield would be circa 6.5% which is almost 1% above average for the area.
There has also been excellent capital appreciation in The Heatons recently with prices rising by roughly 10% each year for the past few years. This investment is a good all rounder if you’re new to the buy-to-let market.
Do give me a call if you’d like to discuss this opportunity in more detail or to pick my brains with anything property related in The Heatons. I’m on 0161 442 1118.