1 bed Flat For Sale, Archer House, 3 John Street, Stockport SK1

Description

Yieldit are pleased to bring to the market this stunning investment property, being sold with a tenant in situ yielding a fantastic 5.12% net per annum. The accommodation is located on the top (fourth) floor of the popular Archer House development and includes a carpeted double-bedroom leading to fully tiled bathroom with three-piece suite and shower over bath. There is an open plan living area with a wonderful large window providing views of the town centre and a contemporary fully-fitted kitchen complete with integrated appliances.

Residents of Archer House have the added luxury of secure intercom entry, allocated parking and being within easy reach of the centre of Stockport with the wide selection of amenities, recreational and leisure facilities it has on offer. The location is ideal for visiting and commuting to Manchester’s exciting city centre and surrounding areas by rail and road, with Stockport train station conveniently within walking distance of the development meaning it makes an attractive let and will be a fantastic addition to an investor’s portfolio.

Stockport is a key player in Greater Manchester’s economic success, with a booming economy worth £6.2 billion, home to 13,000 businesses and a workforce of over 124,000. Given this, it’s unsurprising that in 2020 Stockport saw the highest annual increase in rental properties with demanding shooting up by 31% and house prices increasing by an impressive 24% since 2019 (Rightmove). In addition to this, a regeneration scheme worth £1billion is set to transform the town’s centre and it’s already brilliant connectivity. There hasn’t ever been a better time to invest in Stockport so enquire today!

Financial Breakdown

Gross rent: £7,800
Ground rent: £419
Service charge: £1,330
Lettings fees: £630
Net income: £5,421
Gross yield: 7.43%
Net yield: 5.16%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-17960

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1 bed Flat For Sale £100,000 Archer House, 3 John Street, Stockport SK1

1 bed Flat For Sale £100,000
Archer House, 3 John Street, Stockport SK1