3 bed Flat (for sale) Chester Road, Manchester M16

£525,000
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Elite Realty Invest - Manchester
Bloc 17, Marble St, Manchester
0151 382 6688
First Published

26th Sep 2022

Last Published

26th Sep 2022

 

Features

  • Type: Flat
  • Bedrooms: 3
  • Listing status: sale
  • Country: England

Description

Description

Off plan investment opportunity

For Investment Purposes Only - 25% Deposit Required

Manchester's newest icon on the skyline boasts a luxury living aesthetic like no other. The cylindrical design will offer breath-taking views of Manchester, with a panoramic experience in every apartment. The development has been designed with the resident in mind to deliver an unmatched quality of living at what is already becoming one of the most in-demand postcodes in Manchester.

Investment Overview

20% down payment
441 premium 1,2 and 3 bed apartments
Estimated 6% gross yield
0.01% Ground rent
950-year tenure leasehold
Council tax band - A

1 bedroom apartments from £230,000
2 bedroom apartments from £300,000
3 bedroom apartments from £500,000


Location overview


- UK's no1 Investment location
- High tenant demand
- Prices have increased by 12% in the last year alone
- Rents in Manchester are expected to see a 16.5% increase between 2020-2024

This apartment is the perfect investment with a 950-year tenure leasehold. The service charge is estimated at £2.75 sqft (investors will be made aware of the review date in the future) with the ground rent estimated to be 0.01%, you will be informed of the review period on purchase. It is also predicted to be within the Council Tax band - A.

Contact us today to discuss this exciting new development with one of our consultants. **Information provided is subject to change**

 

Local info for M16

 

Property Value Data/Graphs for M16

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 76% £166,644 1.5 1.1
Semi-detached house 11.4% £398,964 3.4 1.6
Terraced house 5.5% £290,714 3.6 1.3
Other 3.5% £0 1 0
Studio 2.8% £94,421 0 1
End terrace house 0.8% £337,500 7.5 3

Area Information

Average Price Paid

£238,023

Sales

2098

Current Average Value

£193,458

Value Change

£44,565 23%

 

Current Asking Prices in M16 Average: £193,458

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - (9) £220,000 (1) £324,820 (28) £452,000 (10) £407,500 (4)
Flats £121,139 (107) £203,260 (68) £298,821 (18) - -
All £111,741 (116) £203,503 (69) £314,646 (46) £452,000 (10) £407,500 (4)

Nearby Properties

6 bed Detached house () Charcoal Woods, Charcoal Road, Bowdon WA14 £5,850,000
5 bed Detached house () Carrwood, Hale Barns, Altrincham WA15 £5,000,000
6 bed Detached house () Wood Lane, Mobberley, Knutsford, Cheshire WA16 £4,800,000
5 bed Detached house () Hollies Lane, Wilmslow SK9 £4,500,000
6 bed Detached house () Grange Road, Bowdon, Altrincham, Cheshire WA14 £4,500,000
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