Hitting the market yesterday for £150,000 the apartment lies on the first floor of this well maintained block down a quiet residential street.
There are many reasons why this apartment would be appealing to tenants;
0.1 miles from Heaton Chapel train station
Walking distance to both Heaton Moor and Heaton Chapel centre
Off road parking
A very similar apartment in the block rented via Julian Wadden for £650.00pcm in the autumn and this apartment is likely to achieve the same figure – giving a yield of 5.2%.
Not only is it a good yield, but apartment blocks like this are well maintained by the management company, meaning less maintenance for you the owner and they attract tenants all year round meaning less void periods.
A great BTL for both the experienced landlords and those looking for their first.
If you need any help or advice, please do come in and see me or give me a call on 0161 442 1118. I’m here to help.
One of the best parts of this job is seeing peoples investment visions come to life.
I first met Alex over a year ago. He came into my office wanting a buy to let property in the area but wasn’t sure what to buy. We had a coffee and really great chat about the different types of property in the area, what you can buy for your money, what rents and yields can be achieved and what styles tenants look for.
Months and months went buy and Alex sent me lots of property links, came to see me with various brochures and we did a lot of viewings together.
Eventually we found the right property. Something which he could put his own stamp on (instantly increasing its value), in a great location, which would rent for a great price.
The sale went through and we spoke about tradesmen, paint colours, tiles, light shades – you name it! Over the last 3 months Alex and his team have worked tirelessly transforming the property into the most stunning buy to let. We placed it on the market and to no surprise, secured a brilliant tenant, at full asking rent, on the very first viewing.
Alex’s vision was very clear, however he fully accepted and embraced the local knowledge and guidance I could give him and I feel very proud to have been a small part of the amazing property he has brought to the rental market. The new tenant is moving in shortly and we look forward to managing this tenancy for him going forward to ensure the high standard is kept.
If you would like any help or guidance with an investment property or purchase, please do come in and see me and we can have a chat. I’d love to work with you.
New to the market is this three bedroom semi-detached property on Broadstone Road in Heaton Chapel. Also being close to the border of Reddish means that, when being resold, you will attract buyers from both areas – a real plus!
Although the yield is an important factor when purchasing a buy to let, I appreciate it isn’t alwaysthe most important thing for all landlords. Of course, nobody wants to invest their money into something that isn’t going to make money, however sometimes something which is low maintenance, going to attract a great quality of tenant and increase in value is more important than an extra 1% on the return.
In The Heatons, one bedrooms apartments certainly aren’t in short supply however, neither is the demand for them. Over the years we have seen high demand for these properties which has driven the monthly rental up making them great BTL opportunities for landlords/first time investors.