3 bed Flat (for sale) 16 Chapel Street, Manchester M3

£466,000
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Vesper Group
96 Kensington High Street, London
020 8022 1471
First Published

12th Apr 2018

Last Published

10th Sep 2019

 

Features

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

Description

Studio, one-bedroom, two-bedroom & three-bedroom apartments.
Latest off-plan development of 147 luxury apartments at Embankment West, Manchester’s newest neighbourhood, situated on the historic Exchange Station site next to the city’s business and retail districts.

Exchange Point - One Beds from £191,000 to £250,000

Studio, one-bedroom, two-bedroom & three-bedroom apartments.

Latest off-plan development of 147 luxury apartments at Embankment West, Manchester's newest neighbourhood, situated on the historic Exchange Station site next to the city's business and retail districts.

Contemporary living meets next-generation technology coupled with an unrivalled setting creates an unparalleled opportunity to live, rent, hold or sell in the uk's number-one investment city.
The developer, Origin Homes, is part of Select Property Group who, together with other prominent developers, are investing hundreds of millions of pounds in this scheme.

All apartments have hardwood floors, state-of-the-art kitchens and fully-tiled luxury bathrooms in addition to the latest technology video-entry systems. There will be a 24-hour concierge and fully-equipped gymnasium.

Selling now off-plan, completion is scheduled for June 2020:

• Studio apartments from £190,00
• One-bedroom apartments from £205,000
• Two-bedroom apartments from £250,000
• Three-bedroom apartments from £466,000
.

Anticipated gross yields of 6.0% can be expected.

Payment can be made on the following basis:

• £5,000 on reservation
• 25% on contract exchange (within 30 days of reservation)
• 25% by 30th November 2018
• Balance (50% less £5,000 reservation fee) on completion, Q2 2020

Ground rent payable of 0.2% of purchase price (fixed for 5 years from completion).

Service charge of £4 per square foot (inclusive of free internet throughout the building and smart technology).

 

Local info for M3

 

Property Value Data/Graphs for M3

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 96% £275,940 1.9 1.1
Studio 2.5% £107,930 0.1 1
Town house 0.7% £435,375 3.3 2.5
Parking/garage 0.3% £31,250 0 0
Other 0.3% £730,000 4 2.5
Semi-detached house 0.2% £210,000 5 1

Area Information

Average Price Paid

£225,068

Sales

2808

Current Average Value

£273,420

Value Change

£48,352 21.5%

 

Current Asking Prices in M3 Average: £273,420

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £92,500 (2) £386,500 (1) £605,000 (3) - £403,333 (3)
Flats £165,808 (149) £286,117 (366) £439,679 (66) £1,895,000 (1) £535,000 (1)
All £164,837 (151) £286,391 (367) £446,867 (69) £1,895,000 (1) £436,250 (4)

Nearby Properties

3 bed Semi-detached house () Mottram Road, Matley, Stalybridge SK15 £270,000
3 bed Semi-detached house () Mottram Road, Matley, Stalybridge SK15 £270,000
3 bed Semi-detached house () Mottram Road, Matley, Stalybridge SK15 £270,000
1 bed Flat () Stayley Hall, Stalybridge, Cheshire SK15 £115,000
2 bed Terraced house () St. Pauls Street, Stalybridge SK15 £120,000
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