With city living becoming more popular and the price of rentals increasing, tenants expect high-quality finishes. This is something that one of our landlords has embraced. As a client for over 15 years, we offered advice on how to maximise rental income from investment properties and the landlord subsequently renovated this two bedroom apartment with fantastic results.
So what is a stylish two bedroomed, two bathroom apartment with parking worth in the City Centre?
After not improving the property for over 15 years, this property needed investment from the landlord. This beautiful apartment is now more appealing and ready for new tenants. The annual rental income of this property has now increased by £7740. The landlord was pleased with the high standard of work and the outcome of this renovation, saying “We thought the property needed updating and after speaking with the experts are Philip James we were ready to invest. We are delighted with the results that the interior designer has achieved”.
With a new kitchen, bathroom, ensuite, flooring and décor costing £40,000 the landlord was thrilled knowing that his interior designer had added value to the property.
Adam Grimshaw, Sales & Investments Manager for Philip James Manchester commented on the value of the property saying
“The sales value of this apartment has increased by £60,000; that’s a great return for the owner and well worth updating the property”.
Rob Cuffe, Director of Philip James said “The property has been renovated to a very high standard. Given the apartment’s popular location next to Deansgate Square and with the finishing touches by the interior designer, this property is already appealing to tenants looking to rent in the City Centre”.
Just take a look at the benefits of interior design and a full refurbishment can generate!
Video tour: https://youtu.be/b1Y1TTYG-bE
Is it time for Philip James to become your lettings agent?
The City Centre has never had an issue when it comes to renting properties given the increase in demand from renters, and despite being the number one lettings agent in Manchester (we let more properties than anyone else), we are constantly looking for new landlords to represent.
We believe that our 20+ years’ experience is a great benefit to landlords as we build long-lasting relationships which are designed to generate them a better return of investment through finding good quality tenants who will take care of the properties, as well as ensuring that rents are in line with the marketplace.
If you are a landlord or property investor wanting to know more about the services available at Philip James, please contact Adam Grimshaw on 0161 828 8202 or email: email@example.com.
See our latest Buy to Let Investments that are on the market by using our Property Search