Mortgage Rates on the decline… Good news for Landlords?
Stockport Property Blog
by Liam Foster
1y ago
Welcome to week 10 of the Blog Posts. The increased base rate last year led to mortgage rates drastically increasing. However does the worst of this seem to be now over? As the year has gone on, we are seeing mortgage rates on the decline. This is good news for landlords that were left worried last year when their property portfolio was seeming to not work financially for them anymore, when they were facing huge increases at re-mortgage. Some landlords left the industry altogether, whilst others seriously considered this. Our in-house mortgage advisor has advised they are now able to secure BT ..read more
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Are tenants moving out of the City Centre for green space?
Stockport Property Blog
by Liam Foster
1y ago
Welcome to week 5 of the Blog Posts. Stockport is increasingly becoming a popular place for tenants looking for their next home. The Sunday Times recently hailed Stockport as a place to invest in 2023/23. And it is easy to see why. As mentioned in previous blog posts, Stockport is undergoing an immense amount of change currently. With high rise new build apartments going up, mill conversions, improved transport links, along with a wealth of new and exciting bars/restaurants and independent shops opening in the area. One key area for myself however along with all of this, is the amount of green ..read more
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EPC Changes – What to consider as a landlord?
Stockport Property Blog
by Liam Foster
1y ago
Welcome to week 5 of the Blog Posts. A big talking point amongst landlords and agents currently is the proposed plan from the Government to get rental properties to an EPC rating of C or above. Although there is still much uncertainty on this subject as to the final rulings on the matter, landlords should be planning ahead for this now. Back in 2018, landlords faced having to ensure their rental properties were at an EPC Rating of E or above. The proposed plan coming into place is for rental properties to have a rating of C or above from 2025. The proposed bill states: “The Secretary of State ..read more
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Rent Reviews – Am I getting market rate?
Stockport Property Blog
by Liam Foster
1y ago
Welcome to week 3 of the Blog Posts. I want to focus this week on rent reviews. If you are a landlord with properties, whether that be a singular property or a portfolio, when was the last time you carried out a rent review on your property/properties? We have seen record high rents throughout last year, and this has continued into 2023 with no signs of slowing down. Driven primarily by a lack of rental properties in the market and an abundance of tenants, rents are being pushed up as tenants battle it out to secure their next home. For example, we have seen your typical two bed terraced prope ..read more
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Stockport is Changing….
Stockport Property Blog
by Liam Foster
1y ago
Welcome to week 2 of the Blog Posts. If you have been following the investment in Stockport in recent years, you will have noticed a wealth of cranes popping up alongside new build developments and mill conversions. Something that Stockport has long been crying out for. With the re-development of Stockport Interchange, there are significant works ongoing to improve the Bus & Train Station in Stockport. This particular project will bring about new green space for residents to enjoy and commercial units & office space under construction, allowing more businesses to move into the area. As ..read more
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Investment Opportunity in Reddish via Auction – £60K Guide Price!
Stockport Property Blog
by Liam Foster
1y ago
Reeds Rains are marketing a one bedroom studio flat on Thornley Lane South in Reddish. Click here to see the Rightmove link.  Being sold via the modern method of auction with a guide price of £60,000 this makes for an excellent investment opportunity to add to your rental portfolio with a high yield. I would expect to achieve a rent of around £600 which result in a yield of at least 10% even if purchased for higher than the guide price of £60,000. The property is located on a quiet residential street, with Reddish Vale park a short walk away and views over the fields. The property itself ..read more
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Auction Opportunity to Purchase 12 Properties!
Stockport Property Blog
by Liam Foster
1y ago
Network Auctions have brought to market an opportunity to purchase 12 seperate properties all located on a quiet residential cul-de-sac in Adswood, Stockport. The properties are made up of three bedroom detached and semi-detached properties. Click here to take a look at the Rightmove advert.  This is an excellent opportunity to acquire a large residential portfolio at once. The properties are due to be sold by public auction on Thursday 3rd November. Head to Network Auctions website for further information on this opportunity and to find out more information on the auction process. Should ..read more
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BTL Opportunity – 8% Return – Central Stockport Location
Stockport Property Blog
by Liam Foster
1y ago
Bridgfords are marketing a one bedroom flat located on Lee Street, with a guide price of £101,500. The property is in excellent condition inside and makes a great addition to a dynamic Property Portfolio in the Stockport area. Click here to take a look at the advert on Rightmove.  With its central location and modern finish, I would expect to achieve a rental return of £650-£700 for the flat. This would result in a return of 8% based on the above guide price. For the one bedroom flat, the advertised charges are below. However these are subject to change dependant on the availability of th ..read more
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Stockport Interchange – What does it mean to Landlords?
Stockport Property Blog
by Liam Foster
1y ago
With the redevelopment of Stockport Interchange well underway, what does it mean for Landlords looking to invest in Stockport? Construction of the Stockport Bus Station is a welcome addition to the changing Stockport landscape and brings along with it a 2 acre rooftop park offering some much needed green space in the centre of Stockport. The park will be the first new park for decades and as we saw during the pandemic, the need for green space is desirable for tenants looking for their next home. Construction of a high rise residential block comprising of 196 high quality apartments will bring ..read more
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Resi & Commercial Tenanted Property for Sale
Stockport Property Blog
by Liam Foster
1y ago
A fantastic opportunity to acquire a Commercial & Residential property situated in a prime location on Grenville Street in Edgeley. Click here to take a look at the Rightmove advert.  The ground floor is a double fronted unit which is currently tenanted by a bakery. Upstairs there is a modern one bedroom flat which also is tenanted on a long term basis. The property offers an excellent addition to your property portfolio in the Stockport area, whilst adding a mix of tenant opportunities. Should this be of interest, contact Spencer Harvey directly. Give me a call on 0161 474 8668 to di ..read more
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