£186,000
1 bed flat for saleSt Petersgate, Greater Manchester SK1
1 bed
1 bath
- Leasehold
Alesco Investment Properties
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About this property
This investment property, situated in the sought-after suburb of Cheadle just 10 minutes from Stockport, Weavers Yard features 107 contemporary apartments spread across two renovated buildings. Boasting spacious interiors with large windows, high ceilings, and modern finishes, it offers premium living spaces within Greater Manchester's commuter belt.
Key Features:
-Short term let approved
-Experienced developer
-10% Net yields achievable
-14% Rental growth in the area
-Ideal for commuting professionals
-Ongoing investment in the local area
-Rent up to £2,372.50 per month
Cheadle, located on the edge of Stockport, is one of the most important economies in South Manchester, boasting a highly skilled population and a strong business base. Closely linked with Stockport, Cheadle is a sought-after area to 'live, work, and visit.' A £25m regeneration plan is underway to drive focused investment in the town and surrounding areas.
The average monthly rent in Stockport has seen a 14.4% increase over the past 12 months-5% higher than the average rental growth for the North West.
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