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

£780,000
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Vesta Property
Aston House, Cornwall Avenue, London,
020 8115 4124
First Published

7th Aug 2019

Last Published

5th Jul 2021

 

Features

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

Description

This is an investment opportunity to purchase a 4-unit nationwide portfolio generating £50,736 rent pa and a gross yield of 6.5%. Apartments are based in Manchester, Newcastle and Birmingham.

Portfolio information

Fully let portfolio consisting of:
4 leasehold flats:
2 x 2-beds2 x 4-beds
Aggregate monthly rental income: £4,228Aggregate annual rental income: £50,736Aggregate gross yield 6.5%

Location information

2 x units in Newcastle1 x unit 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 91.5% £223,020 1.6 1.2
Studio 4.1% £168,709 0 0.9
Town house 2.6% £317,778 2 2
Other 1.2% £348,749 2.3 1.5
Terraced house 0.3% £325,000 2 1
Block of flats 0.3% £780,000 0 0

Area Information

Average Price Paid

£215,929

Sales

1446

Current Average Value

£226,688

Value Change

£10,759 5%

 

Current Asking Prices in M1 Average: £226,688

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - £325,384 (13) £350,000 (1) - -
Flats £176,484 (137) £255,731 (156) £286,644 (20) - -
All £176,484 (137) £261,089 (169) £289,661 (21) - -

Nearby Properties

7 bed Detached house () Ellenbrook Road, Worsley, Manchester M28 £4,500,000
6 bed Detached house () Broad Lane, Hale, Altrincham WA15 £3,750,000
6 bed Detached house () Stanhope Road, Bowdon, Altrincham WA14 £3,000,000
4 bed Detached house () Chatsworth Road, Worsley M28 £2,850,000
6 bed Detached house () Barry Rise, Bowdon, Altrincham WA14 £2,795,000
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