I’ve spotted this property on one of the property portals this morning, it’s located on Grundy Street in Heaton Mersey currently being marketed with Joules Estate Agents and would be a great potential buy-to-let property.
It’s located just up the road from the new Metrolink station which has had a significant impact on the local lettings market with property letting extremely quickly and achieving a premium in rent. You’re likely to attract professional tenants who often rent long term, our average tenancy is around 18 months at the moment.
The asking price of this property is £219,950 and the expected rental income would be £850 per calendar month which equates to a yield of circa 5%.
If you’re interested in purchasing an investment property, but aren’t sure where to start, I would be happy to give you some pointers. Give me a call on 0161 442 1118 or pop in to the office which is at 14 Moorside Road, Heaton Moor.