0 bed Studio (for sale) Manchester, Greater Manchester M3

£480,000
Add to Basket Basket Looks Interesting
agent logo
Vesper Group
1 Spinningfields, Quay Street, Manchester
0161 937 1433
First Published

16th Dec 2022

Last Published

16th Dec 2022

 

Features

  • Type: Studio
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

**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.

Why manchester?

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 />

 

Local info for M3

Floor plan

 

Property Value Data/Graphs for M3

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 91.2% £263,196 1.8 1.3
Studio 7% £126,308 0.1 0.9
Terraced house 0.8% £272,483 2.7 1.5
Town house 0.5% £403,750 3 2.5
Mews house 0.3% £1,350,000 3 3
Other 0.3% £129,975 0 0

Area Information

Average Price Paid

£219,593

Sales

2521

Current Average Value

£256,972

Value Change

£37,379 17%

 

Current Asking Prices in M3 Average: £256,972

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £123,000 (5) £294,975 (2) £535,995 (10) - -
Flats £178,019 (259) £275,951 (348) £438,359 (84) £1,717,500 (2) -
All £176,977 (264) £276,059 (350) £448,746 (94) £1,717,500 (2) -

Nearby Properties

5 bed Detached house () Carrwood, Hale Barns, Altrincham WA15 £5,000,000
5 bed Detached house () Carrwood, Hale Barns, Altrincham WA15 £5,000,000
6 bed Detached house () Grange Road, Bowdon, Altrincham, Cheshire WA14 £4,500,000
5 bed Detached house () Chapel Lane, Hale Barns, Altrincham WA15 £4,250,000
5 bed Detached house () Chapel Lane, Hale Barns, Altrincham WA15 £4,250,000
Property information powered by Zoopla