3 bed Flat (for sale) Silvercroft Street, Manchester M15
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Elite Realty Invest - Manchester
Bloc 17, Marble St, Manchester
0151 382 6688
Bloc 17, Marble St, Manchester
0151 382 6688
First Published
29th Sep 2022
Last Published
2nd Nov 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 - D
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 - D.
Contact us today to discuss this exciting new development with one of our consultants. **Information provided is subject to change**
Local info for M15
Property Value Data/Graphs for M15
| Property Type | % | Avg. current value | Avg. # beds | Avg. # bathrooms |
|---|---|---|---|---|
| Flat | 92.4% | £427,658 | 2 | 1.3 |
| Terraced house | 2.5% | £303,329 | 2.9 | 1.8 |
| Town house | 2.1% | £460,532 | 2.8 | 2.6 |
| Studio | 0.8% | £132,496 | 0 | 0.5 |
| Semi-detached house | 0.8% | £211,250 | 3 | 1 |
| Other | 0.4% | £335,000 | 1 | 1 |
| End terrace house | 0.2% | £200,000 | 3 | 1 |
| Mews house | 0.2% | £249,995 | 3 | 2 |
| Parking/garage | 0.2% | £17,000 | 0 | 0 |
| Detached house | 0.2% | £269,950 | 3 | 2 |
| Maisonette | 0.2% | £260,000 | 1 | 1 |
Area Information
Average Price Paid
£190,806
Sales
2011
Current Average Value
£418,305
Value Change
£227,499 119.2%
Current Asking Prices in M15 Average: £418,305
| Property Type | 1 Bed | 2 Beds | 3 Beds | 4 Beds | 5 Beds |
|---|---|---|---|---|---|
| Houses | - | £435,000 (6) | £314,782 (22) | £375,000 (2) | - |
| Flats | £233,423 (122) | £336,389 (224) | £854,584 (103) | - | - |
| All | £233,423 (122) | £338,961 (230) | £759,579 (125) | £375,000 (2) | - |
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