**investment opportunity** **manchester's most prestigious development** 2 bedroom apartments available** 5* luxury facilities** discounts and incentives available**
Manchester's most prestigious development will offer residents with world class facilities, state of the art architecture, in Manchester's most favourable location, Deansgate.
With a deposit of 25% and high rental yields, it offers the perfect investment opportunity.
While property prices in Manchester have increased 30% in the last five years, industry experts forecast a further price increase of 20-28% by 2024, with rent prices rising by at least another 16% in that time. This makes Manchester the standout buy-to-let market with the opportunity for high capital appreciation, high rental yields, and low void periods.
Why buy off-plan?
Some investors avoid in off plan property because they don’t want their funds ‘tied up’ over the build period.. However, what a lot of people do not realise is that when putting a deposit down on an off-plan property, your funds are working very hard.
Let’s take the example of the above unit:
• The development completes in Q2 2024
• The property costs £420,000
• You put a 25% deposit down of £103,000
• You gain 6% capital growth over the build period, meaning the property price has grown by £25,200
• You haven’t made 6% on your money because you have only invested £103,000
• You have made 24% roi just on the potential capital gain over the build period alone<br /><br />
|Property Type||%||Avg. current value||Avg. # beds||Avg. # bathrooms|
|End terrace house||0.1%||£300,000||1||1|
|Property Type||1 Bed||2 Beds||3 Beds||4 Beds||5 Beds|
|Houses||£216,667 (3)||£268,738 (4)||£386,250 (4)||£475,000 (1)||-|
|Flats||£190,338 (253)||£304,119 (343)||£440,571 (53)||£2,083,333 (3)||-|
|All||£190,647 (256)||£303,711 (347)||£436,759 (57)||£1,681,250 (4)||-|