I wanted to let you know about a great Buy-to-Let opportunity I have discovered which has everything going for it, location, price and yield! This one bedroom flat is located on Princess Road, which is ideally placed for transport links into Manchester City Centre and local, surrounding university sites.
This boasts a great 5.5%/6.5% yield and this would be dependant on the applicants, as the property could offer two bedrooms (the lounge is currently being used as a second bedroom).
The property is currently on the market for £90,000 and more information can be found here.
If you would like to discuss this property in further detail with me, or any other Buy-to-Let investments in the area, please do not hesitate to give me a call on 0161 249 5160 or pop into see me!
I will also be at the South Manchester Landlord Workshop morning which is being held on the 20th September at Cheadle House in Cheadle, so please get your free ticket here and we can chat more on the day!
I wanted to talk through one of the most commonly asked questions from my Landlords – “furnished or unfurnished?” Please watch my video on what my advice would be dependant on location as well as the target audience you want your property to appeal to.
It is most common in my experience, that places such as Manchester City centre would be attractive for students and post graduates however, with that said, we have our share of student life here in Didsbury as well as places such as Fallowfield. In these types of places, shared houses or apartments are the ‘go to’ and if I were to be asked the old age question in this instance – “Furnished or Unfurnished”, I would recommend furnished. This is because many students, post graduates and sharers would not be wanting to invest in their own furniture as well as accommodation so are looking for properties that are fully furnished and ready to move into straight away.
When we discuss family homes, my response would be to leave the property as unfurnished as possible – maybe apart from some white goods such as the fridge/freezer, washing machine etc. In my experience, when considering a family moving into a property, they have their own furniture that they would like to bring with them such as beds, sofa’s, children’s furniture etc. so therefore it would not be necessary for a Landlord to provide these items.
Lastly, I would always say…be FLEXIBLE. If you get a family wanting to move into your property who would like you to provide furnishings, then definitely consider this and provide, within your budget, the items that they desire. Likewise, if you get a couple who have just finished University wanting to move into an apartment that is furnished who have already been furniture shopping themselves, look at potentially removing or storing the furniture for their Tenure. Like with anything, it would looking at the pro’s and con’s to the situation but if you removing some furniture out of your property would get you Tenants moved in within a week, it could be worth your while!
For any questions such as this, or if you have your own specific situation you wish to discuss with me, please give me a call at the Didsbury office or pop in for a chat!
I went to Levenshulme today to take a look at this great buy-to-let opportunity on Alma Road. This three bedroom terrace property is currently on the market for £185,000 and would be ready to let straight away for around £800.00 per calendar month. This would get you an amazing yield of 5%.
The property is situated very close to local amenities as well as cafe’s and bars. This is a great opportunity to invest in this up and coming neighbourhood which is being branded the ‘new Chorlton’. Located south of the city, Levenshulme borders with the likes of Fallowfield, Longsight and Gorton, it is buzzing with trendy community hubs while still maintaining its uniqueness.
Thanks for watching and if you want any further information, please feel free to pop into our Didsbury office for a chat.
I have recently placed this one bedroom apartment on the market for rent however, do happen to know that the Landlords would consider selling to an investor. I couldn’t miss the chance to let you know about this great opportunity for a buy-to-let investment boasting a magnificent location, just a few minutes walk from Didsbury Village and it’s amazing bars and restaurants and offering an amazing 5.7% yield!
The property is currently off the sales market however, the owners would consider an offer of around £140,000. If you want to give me a call to discuss this property or would like a chat about any other investment opportunities in the Didsbury area, please give me a call or pop into see me!
Having recent attended the latest consultation meeting around HS2, I’ve now got a good insight into what impact HS2 may, or may not have on your Didsbury home. If you’re keen to have an understanding of this, please feel free to call me and I’ll visit your home to discuss: 0161 434 4311
Ahead of the 1st of June when the Government
introduce zero application fees for tenants you will be pleased to know any
tenants looking to rent through Julian Wadden from today the 1st
April 2019 you will pay no application fee!