The Property Podcast

This week The Robs are looking at more listener deals but this time they’re taking on the challenge of helping Nathan decide between two deals. He’s torn between two properties and doesn’t know which one to go for. Should be invest in Leeds or Manchester?! Two fantastic cities and two very different deals. So which one do The Robs think he should go for? Settle in as Manchester and Leeds battle it out to win Nathan’s investment. First up we have a two bedroom flat in the middle of Manchester on Princess Street for £240,000. It’s pretty central and close to two main train lines and was converted around 15 years ago. Certainly move in ready.  He thinks he’ll be able to achieve £920 pcm after taking off his management fees. Once other fees have been deducted, he’s looking at a net profit of just under £200 per month, giving him an ROI of 3%. A 3% ROI isn’t exactly going to get you excited, but Nathan said he’s in this for the long run and capital growth is more his long-term plan. So should this be the prop