The house looks to be immaculate and is clearly a much loved home for somebody but it would also make a lovely addition to the rental market and be a great buy to let.
For an investor, it comes in at a very reasonable price at £240,000 and doesn’t look to need any work at all.
It would rent for circa £800.00pcm giving a return of 4%.
Although not the best return in the world, these houses tend to rent very easily, to a single professional or couple and therefore you would have a very consistent rental income with minimum void periods.
If you would like any help or advice with this, or any other investment property, please do give me a call on 0161 442 1118.
P.S – Dont forget, we are still offering our property management services absolutely FREE for the first 3 months
One in twelve landlords is unaware of a suite of legislative changes that occurred across the lettings industry in recent years, according to the findings of the English Private Landlord Survey 2018 published in January.
Last month we rolled out our ‘ITS ON US’ campaign to our tenants and we now offer ZERO application fees. However, the last thing we want is for landlords to feel left out so we are delighted to roll this out further and offer the first THREE months of management completely free of charge to any new property listed on our fully managed service.
At a time when the requirements on landlords are at an all time high, with more and more regulations coming into place, its a great time to switch your property over to a professional managing agent who can take care of everything for you.
With three months free of charge, what do you have to lose!
‘Heather Court’ is a relatively unknown block located on the corner of Manchester Road and Victoria Grove making it well located for Heaton Chapel Train Station, the motorway network and the Four Heatons.
The apartment has so much going for it and would be really attractive to a variety of tenants.
Large living space and separate kitchen
Two storage cupboards
Pretty communal grounds
Well located for amenities
It looks to be in really nice, clean condition and therefore would need little work.
Personally, I would probably update the kitchen to make it slightly more modern however this can be done inexpensively by simply changing the doors or having them sprayed.
On the market with Joules for £155,000 the apartment would achieve circa £700.00pcm giving you a return of 5.4%
If you have any questions about this apartment, or any other lettings related query, please do give me a call, email or come and visit me at the office.