January 30, 2019
an unusual buy to let in heaton mersey with an impressive yield
An opportunity has arisen to buy a very unusual semi-detached bungalow located on Mauldeth Road in Heaton Mersey.
The bungalow is attached to ‘The Cedars’, a period property converted into apartments in the 1980’s and therefore benefits from its communal gardens and car parking. However that does make it a leasehold property.
Do not be deterred however, as the property has previously been rented for £850 per calendar month generating a yield of 4.7%.
Furthermore, it created a real flurry of interest and the current owners had their pick of tenants. Meaning they could hand pick the very best people.
There are many reasons why the bungalow is appealing to both investors and then to tenants:
- Walking distance to Heaton Moor Village
- Own private outdoor area plus a further shared garden
- Parking on-site
- Two double bedrooms
- Modern interior and decor
- Brand new boiler
- Buildings insurance, gardener and window cleaner all included in the service charge
If you would like any further information, please do give me a call on 0161 442 1118 or firstname.lastname@example.org