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

£480,000
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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 93.7% £279,246 1.7 1.5
Studio 4.7% £189,425 0 0.7
Terraced house 0.6% £326,250 2.5 1.3
Town house 0.4% £448,333 3.3 2.3
Semi-detached house 0.3% £222,475 2 1
End terrace house 0.1% £300,000 1 1
Other 0.1% £230,000 1 1

Area Information

Average Price Paid

£0

Sales

0

Current Average Value

£275,782

Value Change

£275,782 0%

 

Current Asking Prices in M3 Average: £275,782

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) -

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
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