April 15, 2016
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.
If you see anything you like the look of and would like to impartial advice on what the rental amounts could be, I will give you an honest opinion. This is very important to base your calculations on and to make sure that the investment will work for you. My email address is firstname.lastname@example.org