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

£1,505,000
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Vesta Property
29 Charlotte Road, London
020 8115 4124
First Published

7th Aug 2019

Last Published

11th Sep 2019

 

Features

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

Description

This is an investment opportunity to purchase a 8 unit nationwide portfolio generating £92,172 rent pa and a gross yield of 6.1%.

Portfolio information:

- 8 units fully let
- 6 leasehold flats consisting of:
- 4 x 2-beds
- 2 x 4-beds
- 2 freehold houses consisting of:
- 1 x 2-bed
- 1 x 4-bed

Location information:

- 1 x unit in Nottingham
- 2 x units in Newcastle
- 2 x units in Manchester
- 1 x unit in Southsea
- 1 x unit in Birmingham
- 1 x unit in Doncaster

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.

Please note that prospective buyers will be required to pay a fee of £900 per unit to Vesta upon acceptance of an offer on this property. The seller of the property will also pay a fee to Vesta.

 

Local info for M1

Floor plan

 

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

3 bed Terraced house () Beech Road, Hale, Altrincham WA15 £520,000
4 bed Detached house () The Coppice, Hale Barns, Altrincham WA15 £1,295,000
4 bed End terrace house () Hale Road, Hale, Altrincham WA15 £695,000
5 bed Semi-detached house () Acacia Avenue, Hale, Altrincham WA15 £675,000
4 bed Detached house () Grove Lane, Hale, Altrincham WA15 £800,000
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