the heatons property blog

sales levels in the heatons have increased

The number of sales in a given area is a powerful measure of the buoyancy of local housing markets. There were a total of 645 transactions in SK4 in the last calendar year. This is a decrease of 8.2% over the year. In comparison, there was an increase of 35.2% in the North West, and an increase of 29.4% across England & Wales.

 

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west heaton bowling, tennis and squash club

West Heaton Bowling, Tennis and Squash Club are offering 10% discount for new adult racket members. This friendly club in its lovely secluded surroundings encourages players of all ages and abilities and also has a thriving social calendar with a full coaching programme for both adults and juniors.

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turnover in the context of the bigger picture

Sales as a percentage of total housing stock available is a useful measure of an area’s turnover. Of the total private stock in SK4, 4.2% of properties changed hands in the last calendar year. This is 0.4% more than in the North West, where the turnover was 3.8%, and 0.1% more than the whole of England & Wales (4.1%).

 

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heritage gardens, heaton moor – potential yield of 5.8%

Hello potential landlords, I was looking at what properties have come to the market recently which are suitable for buy to let and I came across this little gem. This apartment is situated right in the heart of Heaton Moor village and is considered one of the more desirable blocks and attract young professionals.

The asking price is £185,000, when you look at the rent you can expect to achieve it’s in the region of £850-£895 per calendar month so you could be looking at a yield of circa 5.8%. This is of course before you take into account any service charges or ground rents, so make sure you get this information from the agent before diving in.

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didsbury road, with a great potential for buy to let…

I thought this property I spotted on one of the property portals is worth a mention. It terms of its conditions it looks immaculate and is a really good example of a property well-presented achieving a good price for both sales and letting.

This type of property which is located on Didsbury Road, a stones throw from the new metro link station would appeal to a wide range of tenants, from families to sharers and young professionals. Families tend to let for longer periods of time whilst sharers may pay a higher rent as the cost is shared. In terms of rent, you could expect to achieve around £1150pcm which is a yield of 5.5% which considering the purchase price is a good return.

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a cracking little investment in heaton moor…

This two bedroom apartment on with Gascoigne Halman looks like it’s had some updating done throughout the years, which will save you a job if you decide to buy it.

As mentioned in previous blogs The Heatons is a popular spot for renters, a little further away from the centre of Stockport and on the doorstep of some fashionable bars and great transport links.

This apartment has come on the market with an asking price of £150,000, which seems reasonable. Considering you’d be looking at an asking rent of about £695 per calendar month, this would return a yield of almost 6%.

Its worth checking what the service charges and ground rent are before committing to the purchase as these can eat into your annual yield.

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6.2% yield in heaton moor, stockport

Good morning everyone, I’ve seen another property on with Gascoigne Halman which appeals to a lot of my landlord investors so I thought to share it with you all.

It looks to be a nice, tidy property, well presented and looked after and has been reduced in price recently.

They’re asking £115,000 which in my opinion represents good value for money for a propery which requires little to no work before letting out. You can expect to achieve around £600 per calendar month, the yield works out at circa 6.2% which is higher than the average yield in the area.

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