0 bed Block of flats (for sale) Dale Street, Manchester M1

£1,039,950
Add to Basket Basket Looks Interesting
agent logo
Vesta Property
Aston House, Cornwall Avenue, London,
020 8115 4124
First Published

7th Aug 2019

Last Published

21st Sep 2020

 

Features

  • Type: Block of flats
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

This is an investment opportunity to purchase a 5 unit nationwide portfolio generating £63,216 rent pa and a gross yield of 6.1%. Apartments are based in Manchester, Newcastle and Birmingham.

Portfolio information

Fully let portfolio consisting of:
5 leasehold flats:
3 x 2-beds2 x 4-beds
Aggregate monthly rental income: £5,268Aggregate annual rental income: £63,216 paAggregate gross yield 6.1%

Location information

2 x units in Newcastle2 x units in Manchester1 x unit in Birmingham

Available upon request

Portfolio breakdownEPCs for all unitsLeasehold information per unit

 

Local info for M1

Floor plan

 

Property Value Data/Graphs for M1

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 94.1% £205,753 1.3 1.2
Studio 4% £153,715 0.1 0.8
Other 0.9% £240,000 2 0.3
Block of flats 0.6% £1,342,500 0 0
Town house 0.3% £345,000 2 2

Area Information

Average Price Paid

£210,751

Sales

1736

Current Average Value

£211,429

Value Change

£678 0.3%

 

Current Asking Prices in M1 Average: £211,429

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £160,000 (1) £266,250 (4) - - -
Flats £176,542 (216) £263,794 (81) £406,799 (8) - -
All £176,465 (217) £263,910 (85) £406,799 (8) - -

Nearby Properties

4 bed Detached house () Barrow Lane, Hale, Altrincham WA15 £6,500,000
0 bed Land () Block Lane, Oldham OL9 £6,200,000
6 bed Detached house () Broadway, Hale, Altrincham WA15 £5,500,000
6 bed Detached house () Charcoal Woods, Charcoal Road, Bowdon WA14 £5,250,000
6 bed Detached house () Rappax Road, Hale, Altrincham, Cheshire WA15 £4,500,000
Property information powered by Zoopla