What better way to start 2019 than with a brand new rental property to start/add to your portfolio! This one bedroom apartment on Cedar Grove really is a great BTL.
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;
- Neutral decor
- Modern kitchen
- Fitted wardrobes
- 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.