2 bed Flat (for sale) Greengate, Manchester M3

£418,446
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Hopwood House Ltd
Building 12, Office 16 Tameside Business Park, Windmill Lane, Manchester
0161 506 9750
First Published

22nd Mar 2018

Last Published

18th Apr 2018

 

Features

  • Type: Flat
  • Bedrooms: 2
  • Listing status: sale
  • Country: England

Description

Boasting river and city views, the development offers investors an assured income of 7% net per annum for 3 years and interest on deposited funds throughout construction. A 33-floor development, residents can enjoy an on-site concierge, a golf simulator, restaurant and modern gym.

Appealing to the rising young professional population moving to an area recently galvanised by huge investment. The apartments are ideally situated to maximise on the increasing appeal of riverside living in the centre of Manchester.

Off plan apartments are priced competitively when compared to the local market's current stock and new-build pipeline. A recent valuation supplied by an independent surveyor has indicated a 12% discount on the price of the apartments. This is a projection based on the anticipated future value of the apartments upon completion.

Purchase Process
1. 30% exchange of contracts (approximately 28 days from reservation)
2. 20% stage payment due on 1st June 18
3. 30% stage payment due on 1st Jan 19
4. 20% on completion

 

Local info for M3

 

Property Value Data/Graphs for M3

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 93.2% £236,873 1.6 1.2
Studio 5.7% £116,444 0 0.9
Other 0.5% £514,650 2.3 0.7
Terraced house 0.3% £275,000 2.5 1
Town house 0.3% £435,093 3 2

Area Information

Average Price Paid

£204,636

Sales

2482

Current Average Value

£232,035

Value Change

£27,399 13.4%

 

Current Asking Prices in M3 Average: £232,035

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £62,950 (1) £442,625 (4) £349,975 (2) £493,685 (1) -
Flats £155,388 (271) £268,004 (287) £419,661 (46) £1,816,667 (3) -
All £155,049 (272) £270,405 (291) £416,758 (48) £1,485,921 (4) -

Nearby Properties

2 bed Semi-detached house () Lodge Close, Radcliffe, Manchester M26 £132,000
3 bed Town house () Lakeside Rise, Manchester M9 £140,000
2 bed Flat () Bow Garrett Brinksway, Stockport SK3 £150,000
2 bed Flat () Bow Garrett Brinksway, Stockport SK3 £155,000
2 bed Flat () Fabrick, Warren Road, Cheadle Hulme Cheshire, Greater Manchester SK8 £205,000
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