Take a look at this one bedroom apartment in Heaton Mersey that’s on the market with Movuno, its an ideal for those looking for a reasonable ‘tried and tested’ buy-to-let investment.
http://www.rightmove.co.uk/property-for-sale/property-54280723.html
It’s a ‘ready made’ investment, being sold with a tenant in situ, paying £595 pcm. Compare this against the asking price of £148,000 and you could be looking at a potential yield of 5%. This is of course before taking into account any service charges or ground rents, so make sure you do your homework before jumping in feet first.
These properties in Heaton Mersey are really quite popular units. They are accessed via a gated entrance and situated on a cobbled road close to the East Didsbury Metrolink there is always demand for them and if you have the option of having a tenant in place already, that’s half a job already done. Make sure that your solicitor makes enquiries into their referencing & rent payments etc to make sure that you’re not buying a whole heap of trouble!
Please feel free to pick my brains if you need any advice whatsoever in relation to buy-to-let investment in The Heatons.
