I’ve spotted a buy to let opportunity which has recently been reduced by Joules Estate Agents.
These apartments are ideally positioned for the metrolink at East Didsbury which is bound to attract a single professional. The rent you’re likely to generate would be in the region of £475 per calendar month which equates to a yield 6.3%. Well above the average yield in SK4.
This particular flat, based on the pictures used for marketing, looks in decent condition so could be ready to let out with minimal investment. The market in The Heatons is becoming ever more popular due to the excellent transport links and all that Heaton Moor now has to offer.
Do make sure you do your homework, as this is a flat there will be service charges and ground rent to pay for which will eat into your yield.
If you are an investor and would like to pick my brains in relation to the Heatons property market please don’t hesitate to contact me directly. My office is on Moorside Road, Heaton Moor and my contact number is 0161 442 1118.