a buy to let in heaton norris with a 5% yield

New to the market is this impressive yielding studio apartment, just off the A6 in Heaton Norris.

Please check out my video for a tour of the property and more information:

https://www.rightmove.co.uk/property-for-sale/property-60085041.html

Anna

Continue Reading

RESIDENTIAL STAMP DUTY RECEIPTS TAKE A TUMBLE

  • The income for HM Treasury from residential stamp duty receipts fell by nearly £1 billion in 2018 compared to 2017. It is estimated £8.454 billion was collected in 2018, a fall of £926 million compared to £9.471 billion in 2017.
  • 20% of the fall is due to the devolution of the tax income to the Welsh Government. On 1st April 2018, Land Transaction Tax (LTT) replaced Stamp Duty Land Tax (SDLT) in Wales. Since April it is estimated the Welsh Revenue Authority has collected £177.9 million, from 48,140 property transactions.
  • Across England, the revenue from the 3% Higher Rate of Additional Dwellings tax (HRAD) fell by 16.6%, while the number of properties purchased eligible to pay the HRAD fell by 8.7%.
  • Nearly a quarter of a million (247,400) first-time buyers have benefited from the introduction of stamp duty relief on the 22nd November 2017, the estimated cost to the Treasury £570 million.
Continue Reading

January 2018 vs January 2019

As the first month of 2019 draws to a close and with the property market a topic of much discussion across the media at the moment, I wanted to take this opportunity to review the first month of the year within our beloved SK4.

If media is to be believed, the property market is all doom and gloom with a very bleak outlook predicted. However, the reality over the last month has been somewhat different according to the latest Rightmove statistics.

In January 2018, 79 properties were brought to the rental market across SK4 of which 44 were ‘Let Agreed’. Leaving 45% of the market left wanting.

If we compare this to January 2019, far fewer properties were brought to the market – 69 in total. However of these, 52 were ‘Let Agreed’. A staggering 75% snapped up!

With many landlords quitting the buy-to-let market last year, supply has been reduced in the area at a time when demand is on the up. With Brexit looming and first time buyers potentially biding their time before they make a purchase, the demand for good quality rental stock is as high as ever.

This, in turn, is raising the rental prices in the area making it a great market for landlords and investors. Although property prices are not cheap, there are still bargains to be had and I list many of them on the ‘Investment Deals’ section of this blog.  Solid yields are important but so is having continuity and a good quality tenant – something the Heatons thrives on with it being such a family orientated area.

The government is being tough on landlords and investors however the market is pushing back and the Heatons is certainly and area where rentals are flourishing.

If you have a rental property/portfolio, or are thinking about joining the army of landlords successfully renting in SK4, please do give me a call for any help or advice.

Anna

Continue Reading
Continue Reading

Roost

If any of your off spring are bored over the Half Term, then Roost are hosting ‘Pizza Making Sessions’. The Roost team will help your little ones roll out their own dough, add favourite toppings and watch their creations come to life in a professional wood fired pizza oven. Running from 11.30am till 1pm, the two sessions are on the below dates.

Tuesday 19th February

Wednesday 20th February

Please call Roost on 0161 432 4666 to reserve your place. £10 per child which includes Pizza, Fries, Ice-Cream and Juice.

Suitable for ages 5 to 11.

Continue Reading

Beldin’s Bar & Diner

New American style bar hits Didsbury Road!

Located at 464 Didsbury Road, Belding’s Bar & Diner serves tasty breakfast, lunch and dinner all with a friendly waiter service.

With an American flavor throughout the delicious menu has some amazing selections including a Texan Brekkie, Turbo Rooster or if your really hungry, you can go all out for the Tropical Thunder (Shredded Jerk Chicken, Pinepple Salsa and Red Onion).

To wash all this delicious food down, alcoholic drinks are served all day which include an amazing selection of Gins.

Continue Reading

The Good Life

An independent WASTE FREE mini market newly established by local resident Shelley Brown on a mission to provide a positive place in The Heatons community. With a wide range of plastic free products including baked good, beverages, groceries and fresh deliveries arriving daily, the rave reviews have already started to come in.  

How it works: 1– Bring jars / Bottles / Tupperware or Tins. 2– Weigh & Fill. 3 – Weigh & Pay. 4 – Re-use.

The Good life stock a wide selection of dried foods, tea, beer, beauty, baby and home products. All these items are sourced as locally as possible, are plastic free and no minimal packaging – reducing our impact on planet earth.

Good luck Shelley!

Continue Reading
Continue Reading

LET’S DO BUSINESS

  • The UK has been crowned by Forbes, for the second year running, as the best country for business following its latest survey published in December 2018. A total of 161 countries are assessed on 15 different criteria.
  • The UK is the only country to land among the top 30 in all 15 metrics, including property rights, innovation, taxes, technology, corruption, freedom and workforce.
  • Forbes states that although sterling plummeted 9% against the US dollar the day after the EU referendum result and remains down, the economy has ‘held up relatively well’.
  • With the official exit from the EU scheduled for this March, Forbes recognises that uncertainty remains. Some UK companies are holding off investments to see how Brexit affects trade relations, but on balance the business climate remains attractive, with a globalised economy that is more open than most in terms of trade, investments and capital flows.
Continue Reading

DISTANCE TENANTS MOVED TO THEIR CURRENT RENTAL HOME

  • With renting offering more flexibility than ownership, some tenants have traditionally used the sector as a way to get to know a new area before committing to buying.
  • Indeed, the majority of tenants stay within their local area when moving home.
  • In 2018, over a quarter (27%) of tenants moved within a mile of their previous rental property, and two thirds (68%) stayed within ten miles.
  • At the other end of the scale, 8.1% of tenants starting new tenancies in London in 2018 moved from overseas. Despite political and economic concerns, this is actually an increase from 7.3% in 2017.
Continue Reading