Given the condition of the Greater Manchester property market, a lot of people are looking towards the rental market. Whether this is to find a home to stay in or to look for an attractive rental proposition depends on the nature of the buyer but people looking at the Stockport rental market as an investment opportunity will find that there are many good areas to choose from.
When looking for rental opportunities, it is vital to consider the rental yield on offer. Experts suggest that you should be looking for a rental yield of at least 4% to make your return worthwhile but of course, if you can find a higher return, you should pursue it.
The SK1 postcode area offers a number of benefits
If you are looking to rent out property in the SK1 postcode area of Stockport, you’ll find that there are many opportunities to make a good return on your investment. The stated return on a one bedroom property is 7.96% and the rental yield for a two bedroom property stands at 6.4%. Even these high returns are eclipsed by the rental yield on offer for five bedroom properties which stands at 9.86%. If you are looking for a way to make a good return on your investment, the SK1 postcode area is an attractive proposition.
Even three and four bedroom properties are of note, offering a 4.93% and a 5.66% return on your rental yield respectively.
Bramhall and Woodford also provide rental yield opportunities
In the SK7 area, which includes Bramhall and Woodford, there is a 5.43% rental yield on offer for one bedroom properties and there is a 4.7% rental yield up for grabs for two bedroom properties. This should be more than enough to convince any property investor loo
The SK8 postcode area, Cheadle, provides a number of good opportunities for people looking to invest in the property market. One bedroom properties offer a 6.76% rental yield, which is well above the level of rental yield that property experts advise you to look for when renting out property. This is also the case for two bedroom properties, which carry a rental yield of 5.18%.
Anyone looking to buy property in the Alderley Edge area or in Wilmslow, both located in the SK9 postcode will find that there are a number of sensible options at their disposal. One bedroom properties carry a rental yield of 4.94%, two bedroom properties offer a rental yield of 5.09%, there is a 4.75% rental yield on offer for four bedroom properties and five bedroom properties provide a 5.59% rental yield.
Three bedroom properties provide a lower return, at a rate of 3.15%, but on the whole, there are good opportunities available in the SK9 postcode area for people looking to invest in property for a short and long term benefit.
For all your property needs, please contact Spencer Harvey Estate and Letting Agents on:
0161 480 8888
https://www.spencerharvey.co.uk