Stockport, SK1 4DH | Investment Property for Sale | VES-SK1-001

Opportunity to purchase a terraced house in Stockport generating £7,500 rent pa and a gross yield of 5%

£150,000

Terraced House

VES-SK1-001

INITIAL INVESTMENT

£68,400

GROSS RENT / YIELD

£7,500 / 5.0%

NET RENT / YIELD

£5,761 / 3.8%

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The property

TENANCY

Tenanted

TENURE

Freehold

3 bedrooms

1 bathroom

2 reception rooms

859

Unfurnished

Property information

  • Complete redecoration in 2016 including new carpets and kitchen surfaces
  • Oven, plumbing and electrics also checked
  • EPC rating D

Note

We are currently awaiting the AST from the landlord and will update the listing when received.

The rent is below the market average that we can see in the area and would expect a rental figure of £750pm.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£7,500

Equivalent of £625 per calendar month (PCM).

GROSS RENTAL YIELD

5.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£5,761

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.8%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£1,739

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Stockport, Greater Manchester

Stockport is a large town 7 miles south-east of Manchester city centre, in Greater Manchester.

The town is very well connected with the M60 Manchester orbital motorway and the A6 to London crossing here. Stockport’s railway station lies on the West Coast Main Line from Manchester Piccadilly to London Euston and is operated by Virgin Trains. Services to central London depart approximately every 20 minutes and there are inter-city services to Sheffield, Liverpool, Birmingham, Bristol and other cities.

Stockport has a rich architectural history and the borough is home to more than 380 listed buildings, a number of ancient monuments and its iconic Grade II listed viaduct. Some of its most notable attractions are Peel Hall in Heaton Moor and Bramall Hall in Bramall, as well as Staircase House and Stockport’s Air Raid Shelters. The borough also boasts several beautiful walks amongst 14 nature reserves including the first country park in England, Etherow Country Park, which has sailing, motor boating and angling facilities within the park.

Stockport town has also plenty on offer for shoppers, with the Merseyway Shopping Centre and The Peel Centre housing branches of most high-street shops. The Grand Central Stockport includes an Olympic-sized swimming pool, cinema and a number of food outlets. Parts of this area are currently under development and will include an office quarter for the town centre, a hotel and public space outside the railway station.

Stockport has a number of big employers and some 7 Stockport businesses made it onto the Greater Manchester Ward Hadaway Fastest 50 for 2018 list. The list showcases the region’s fastest-growing companies, which create job opportunities, prosperity and attract investment into the area. These include: Adidas UK, APS Group, Chrystal Consulting, Edina UK, Finbrook Ltd, IMS (Euro) Ltd and Lundy Projects.

Eryngo Street,

Stockport,

Greater Manchester,

England,

SK1 4DH

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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