0 bed Studio (for sale) Manchester, Greater Manchester M3
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1 Spinningfields, Quay Street, Manchester
0161 937 1433
16th Dec 2022
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
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
£219,593
2521
£256,972
£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) | - |
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