April 25, 2019
investment opportunity in heaton chapel
This apartment caught my eye the other day and it would make a great buy to let for both experienced landlords or those looking to buy their first or second property.
‘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.
- Neutrally Decorated
- Top Floor
- 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.