The rental market is about to enter its busiest time of the year. Analysis from Dataloft Rental Market Analytics reveals that, over the last three years, on average 22% of each year’s tenancies have begun during August and September.
We estimate that this equates to just under 200,000 new tenancies which are set to begin over the coming weeks.
The flurry of activity at this time of year is a combination of students seeking accommodation before term starts, new graduates beginning new jobs and families looking to settle into new homes before the next academic year.
At the same time, there is also a surge in existing tenancies coming up for renewal around this time of year which further boosts competition for rental properties, should occupiers seek to move.
Give me a call to discuss your rental properties or any buy-to-let investments on 0161 432 1115.
New to the market with Gascoigne Halman is this two bedroom apartment in ‘Parsonage Court’. Located on the corner of Heaton Moor Road and Parsonage Road, the apartment is well located for Heaton Moor Village and Heaton Chapel Train Station making it a desirable location of tenants.
With a quick re-carpet, the apartment could fetch anywhere between £700-£750 pcm giving a yield of between 4.6% and 5%
If you would like any help or further information about this or any other investment, please feel free to give me a call on 0161 442 1118.
I wanted to talk you through just a few of the reasons why you should invest in The Heatons. I have completed a four part series, for the first week, I wanted to discuss the wonderful Heaton Moor and why this is such a great area for Landlords to invest in.
Give me a call or pop into our branch on Moorside Road to discuss any Buy to Let opportunities in the area. You can call me on 0161 442 1118 or I look forward to seeing you soon!
We rent a number of the apartments in this block and they are always exceptionally popular. This is mainly due to their prime location, situated in the heart of Heaton Moor Village and within walking distance of Heaton Chapel train station. They offer a great sized living space, residents parking and there is street parking for visitors.
The apartment is offered for sale for £150,000 and looks to need a touch of modernisation however nothing drastic.
To rent, the apartment would achieve £600pcm plus giving you a yield of just under 5%
If you are looking for a low maintenance buy to let, this really is a good buy and I strongly suggest you take a look!
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