Blog Post

Watts Street or Marley Road… Which is the best investment

Tom Simper Jan 12, 2016, 10:01 AM

Buy-to-Let


I was talking to a lady over the weekend from Levenshulme, who was considering becoming a landlord for the first time. She visited our office to ask us whether buying a property on either Watts Street or Marley Road would make a better Buy to Let investment, and which would offer better return/yield. She knows the area well, as she lived around there over ten years ago. I was able to confirm that the properties on both street let and sell well, but I wanted to do a bit more research to help with her choice….

The average price for a for a property on Watts Street has been £101,000 while on Marley Road it was nearly 12% more at £113,000. To better understand the investment opportunities available, we took a look at the rents achieved over the last year. The average rent achieved on Watts Street was £606 pcm giving a yield/return of 7.2%. On Marley Road the average rent was slightly lower at £600 pcm, with a corresponding yield/return of 6.37%.

Watts Street is 12% lower in average price but offers a 13% higher yield/return which would appear to make it the better option of the two to purchase at this point for buy to let purposes. However both streets are very popular to buy or rent and even at 6.37% yield is pretty good so it would come down to the best available property to buy on the day.

If you are a landlord, whether you deal with us or not, feel free to visit into our office on Stockport Road to ask our opinion on which property investment is best for you.

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Very responsive and helpful through out the process"

- Saleem

"Excellent service. They were fast and very friendly."

- Nikolay

"He was amazing and really went above and beyond to get it over the line"

- Sam

"Great job for all, however special thank's goes for Vicky"

- Julius

"Dewi helped me throughout my property purchase and as a first time buyer made me feel at ease with any issues that arose and did his best to resolve them. Now happily moved in! Thank you"

- Kate

"They are a great combination of professional, competent and friendly - I would recommend!"

- Don

"Peter Anthony is one of the best letting agencies I have dealt with."

- Rahit

"Helpful and professional estate agents."

- Kamlesh