3 bed Flat (for sale) Manchester Apartments, Piccadilly, Greater Manchester M1

£523,000
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Vesper Group
1 Spinningfields, Quay Street, Manchester
0161 937 1433
First Published

12th Jan 2023

Last Published

12th Jan 2023

 

Features

  • Type: Flat
  • Bedrooms: 3
  • Listing status: sale
  • Country: England

Description

Completed Manchester City Centre Apartments located minutes walk from Piccadilly. Spacious 3 Bedroom Apartments Available. 6% Estimated Rental Yields and 10% Deposit Required. The development offers a ressidents lounge, gym and parking.

Completed Manchester City Centre Apartments located minutes walk from Piccadilly. Spacious 3 Bedroom Apartments Available. 6% Estimated Rental Yields and 10% Deposit Required. The development offers a ressidents lounge, gym and parking.

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 M1

Floor plan

 

Property Value Data/Graphs for M1

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 91.5% £223,020 1.6 1.2
Studio 4.1% £168,709 0 0.9
Town house 2.6% £317,778 2 2
Other 1.2% £348,749 2.3 1.5
Terraced house 0.3% £325,000 2 1
Block of flats 0.3% £780,000 0 0

Area Information

Average Price Paid

£215,929

Sales

1446

Current Average Value

£226,688

Value Change

£10,759 5%

 

Current Asking Prices in M1 Average: £226,688

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - £325,384 (13) £350,000 (1) - -
Flats £176,484 (137) £255,731 (156) £286,644 (20) - -
All £176,484 (137) £261,089 (169) £289,661 (21) - -

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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