Blog Post

Gorton property with potential 7.2% yield!

Tom Simper Dec 8, 2016, 14:01 PM


Craig Road, Gorton

Pictures can be deceiving when looking for potential properties for buy to let. An example is this one on Craig Road in Gorton. From the photos, it looks a bit of a shocker, however there isn’t much wrong with it that a new bathroom, painting, carpets and an industrial clean wouldn’t sort out! So, with an asking price of only £79,950 and say somewhere between £6K - £8K spent on a mini refurb you have a property with a great potential yield!

https://peteranthony.co.uk/property/Craig-Road--Manchester-10003484

The property is located in a popular residential area with a high proportion of properties rented out. There is always good demand from tenants for property in this area so in my opinion it would not take long to let. In the last month, we have rented out on this street two properties that have both achieved £525 per calendar month.

Therefore, if you look at the asking price of £79,950k and £8K for works this would give a pretty good yield of 7.2%.

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"Jamie was my main point of contact and was super helpful from initial viewings, trough the offers process to getting the keys."

- Paul

"We’re really happy with the service we received from the team at Peter Anthony."

- Laura

"prior to our move everything was answered quickly and information was provided well"

- Juste

"The staff at the Salford office have been fantastic"

- Dominic

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

- Julius

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

- Rahit

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

- Don

"Had a great experience with Peter Anthony Salford branch, in particular Vicky"

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