3 bed Flat (for sale) 14 Albion Street, Manchester, Manchester M1

£1,511,664
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Property and Invest
20-22 Wenlock Road, London
020 8115 8144
First Published

19th Sep 2018

Last Published

22nd Sep 2018

 

Features

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

Description

Property and Invest are proud to present Axis Tower, one of Manchester's most anticipated developments. This iconic tower boasts 28 storeys of uninterrupted views across the city and beyond as well as being home to Manchester's two most exclusive penthouses. Named to highlight its unique and central location at the axis point to this great city's major transport links, Central Business District, famous shopping offer, and key attractions, Axis Tower has become one of Manchester's most sought after places to live.

Axis is recognised as Manchester's most prestigious living space. The two penthouse apartments, at over £3.5M, provide a rare opportunity to own an unrivalled home in the Manchester skyline. With our design team at your service you can take the opportunity to put your own stamp on these already unrivalled penthouses. Please get in touch to discuss what can be achieved in this truly unique opportunity.

How does this investment work?

This is an off-plan property. So you purchase the property via the floor plans at this stage and provide a reservation deposit to secure the property. It is then passed to independent solicitors to arrange exchange of contracts whereby a 30% deposit will be paid. During the build period we will keep you consistently updated and from completion (Q4 2019) we can help you to rent out your property or you can move in yourself.

Can I get a mortgage?

The initial 30% will need to be cash, however you can use a mortgage to pay the final 70% balance. Mortgages are subject to status and all lenders have their own criteria. The property is off plan so you will be required to exchange without a solid mortgage offer which is only valid for 6 months.

How can I rent it out?

We can help with this. Due to the location within Manchester, it is in a prime location for rental purposes and is expected to achieve between 6-7% net yields for the investor from completion. We have a management company that will begin advertising prior to completion and can help with the tenants.

Specifications

Manchester Skyscraper
Full Concierge Service
Europe's largest LED screen on the façade
Mortgages Available
The Most Exclusive Penthouses In Manchester
Designed by award winning Architects
24hr concierge
Parking and furniture available

 

Local info for M1

 

Property Value Data/Graphs for M1

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 99% £293,980 1.8 1.2
Town house 0.4% £524,998 3 2.5
Studio 0.4% £77,500 0 0.5
Other 0.2% £360,524 2 0

Area Information

Average Price Paid

£197,314

Sales

1667

Current Average Value

£294,162

Value Change

£96,848 49.1%

 

Current Asking Prices in M1 Average: £294,162

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - £355,262 (2) - £699,995 (1) -
Flats £165,062 (179) £276,834 (280) £772,981 (58) £389,000 (1) -
All £165,062 (179) £277,390 (282) £772,981 (58) £544,498 (2) -

Nearby Properties

2 bed Town house () Ellen Wilkinson Crescent, Belle Vue, Manchester M12 £95,000
18 bed () Granville Road, Fallowfield, Manchester M14 £1,380,000
2 bed Flat () Stillwater Drive, Manchester M11 £135,000
1 bed Flat () The Arthouse, 43 George Street, Manchester M1 £215,000
3 bed Terraced house () Haymans Walk, Ardwick, Manchester M13 £150,000
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