February 2, 2017
didsbury road, norris bank
I thought this property I spotted on one of the property portals is worth a mention. It terms of its condition it looks in good order and is certainly a blank canvass. It has come to the market with Joules for guide price of £214,950.
This type of property which is located on Didsbury Road, a stones throw from the new metro link station would appeal to a wide range of tenants, from families to sharers and young professionals. Families tend to let for longer periods of time whilst sharers may pay a higher rent as the cost is shared. In terms of rent, you could expect to achieve around £895pcm which is a yield of 5% which considering the purchase price is a good return. The attraction of this particular investment would be longevity of the tenancy as the third bedroom opens you up to the family market who tend to let for longer periods of time.
If you are interested in buying a property for buy to let, but aren’t too sure where to start I would be happy to give you some pointers. My office is at 14 Moorside Road or you can get me on 0161 442 1118.