£ 156,000
Added: 26/12/2024
Profit pa£2,884
ROCE999%
Yield8%
Strategy: Buy to Let
Discover a fantastic investment opportunity in Greater Manchester, offering a strong rental yield of 8% and potential capital appreciation of 29% by 2029. This 2-bedroom end-of-terrace property is fully redecorated and requires minimal refurbishment, with estimated costs under £1,000 to install new carpets.
Key features include gas central heating, double glazing, and no onward chain, making it a turnkey investment. The property is located within a thriving area benefiting from excellent transport links to Manchester's employment hub and Stockport's regeneration projects, driving both rental demand and long-term growth.
The financials:
▪ Purchase price: £156,000
▪ Annual profit: £2,884 (Net)
▪ ROCE: Infinite
▪ Gross yield: 8%
▪ Total investment required: £57,514
▪ Monthly profit (Net): £240
▪ Projected capital growth: 29% by 2029, increasing property value to approximately £206,400.
Act quickly to secure this ready-to-go investment in one of Greater Manchester’s fastest-growing areas.
Sourced reference: 139717891598275
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Upon reservation, we offer an end-to-end concierge portfolio-building service, including property sourcing, legal oversight, small refurbishments, and seamless handover to a letting or managing agent.
We have experienced professionals on the ground in the area, capable of assessing properties in person and project-managing refurbishments or renovations if required. Our transparent approach ensures all costs and ROI projections are clearly outlined, giving you confidence in your investment.
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