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 95.3% £299,794 1.7 1.5
Studio 3% £190,351 0 0.7
Lodge 0.6% £74,950 2 1
Detached house 0.2% £425,000 3 0
End terrace house 0.2% £550,000 4 0
Other 0.2% £350,000 2 0
Block of flats 0.2% £780,000 0 0
Terraced house 0.2% £650,000 4 2

Area Information

Average Price Paid

£0

Sales

0

Current Average Value

£297,784

Value Change

£297,784 0%

 

Current Asking Prices in M1 Average: £297,784

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - £350,000 (1) £425,000 (1) £600,000 (2) -
Flats £186,906 (165) £350,322 (267) £495,982 (17) £1,200,000 (2) -
All £186,906 (165) £347,273 (271) £492,038 (18) £900,000 (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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