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

£1,039,950
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Vesta Property
Aston House, Cornwall Avenue, London,
020 8115 4124
First Published

7th Aug 2019

Last Published

4th Aug 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-beds
2 x 4-beds
Aggregate monthly rental income: £5,268
Aggregate annual rental income: £63,216 pa
Aggregate gross yield 6.1%

Location information:

2 x units in Newcastle
2 x units in Manchester
1 x unit in Birmingham

Available upon request:

Portfolio breakdown
EPCs for all units
Leasehold information per unit

ves-NE1-006

The documents relating to the property are the latest available at the date of listing. Certain documents may expire or become inaccurate over time.

 

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

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
5 bed Detached house () Hill Top, Hale, Altrincham WA15 £4,795,000
6 bed Detached house () Rappax Road, Hale, Altrincham, Cheshire WA15 £4,500,000
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