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Elite Realty Invest
Horton House, Exchange Flags, Liverpool
0151 382 9270
Horton House, Exchange Flags, Liverpool
0151 382 9270
First Published
30th Nov 2022
Last Published
14th Dec 2022
Features
- Type: Flat
- Bedrooms: 3
- Listing status: sale
- Country: England
Description
Description
Off plan investment opportunity
For Investment Purposes Only - 25% Deposit Required
The development holds 177 one, two and three bedroom apartments which will be spread across 25 storeys and finished to the highest standard. Residents will have unlimited amenities just outside their doors, with a cosy work from home station, gymnasium and communal garden. With us all becoming more accustomed to spending more time at home, each apartment has been designed with the tenants core needs being in mind with luxurious large windows and earthy tones to allow a natural feel.
Investment overview
7% yield
Only 25% deposit required
Q2 2024 completion
0.1% Ground rent
250 year leasehold
Band C council tax
1 bedroom apartments from £191,000
2 bedroom apartments from £290,000
3 bedroom apartments from £365,000
Location overview
-Regeneration is set to increase the value of Piccadilly
-Rent in Manchester are expected to see a 16.5% increase between 2020-2024
-Huge demand from potential tenants for Ancoats
In the next few years the area of Piccadilly and its surrounding areas are set to regenerate massively. The biggest factor of this is the new HS2 station that is arriving to the already running Piccadilly station. Alongside HS2 there will also be residential developments and green space growth helping the regeneration.
This apartment is the perfect investment with only a 0.1% ground rent which will be reviewed in the future (contact our team for more information), over a 250-year leasehold. The service charge is estimated at £3.4 sqft (investors will be made aware of the review date in the future) and is also predicted to be within the Council Tax band - C.
Contact us today to discuss this exciting new development with one of our consultants. **information provided is subject to change**
Local info for M1
Property Value Data/Graphs for M1
| Property Type | % | Avg. current value | Avg. # beds | Avg. # bathrooms |
|---|---|---|---|---|
| Flat | 95.3% | £299,794 | 1.7 | 1.5 |
| Studio | 3% | £190,351 | 0 | 0.7 |
| Lodge | 0.6% | £74,950 | 2 | 1 |
| Detached house | 0.2% | £425,000 | 3 | 0 |
| End terrace house | 0.2% | £550,000 | 4 | 0 |
| Other | 0.2% | £350,000 | 2 | 0 |
| Block of flats | 0.2% | £780,000 | 0 | 0 |
| Terraced house | 0.2% | £650,000 | 4 | 2 |
Area Information
Average Price Paid
£0
Sales
0
Current Average Value
£297,784
Value Change
£297,784 0%
Current Asking Prices in M1 Average: £297,784
| Property Type | 1 Bed | 2 Beds | 3 Beds | 4 Beds | 5 Beds |
|---|---|---|---|---|---|
| Houses | - | £350,000 (1) | £425,000 (1) | £600,000 (2) | - |
| Flats | £186,906 (165) | £350,322 (267) | £495,982 (17) | £1,200,000 (2) | - |
| All | £186,906 (165) | £347,273 (271) | £492,038 (18) | £900,000 (4) | - |
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