3 bed Flat (for sale) Embankment West, Manchester M3

£543,013
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The Property Supplier
Watlington Business Centre, 1 High Street, Watlington
01844 340137
First Published

11th Oct 2019

Last Published

11th Oct 2019

 

Features

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

Description

Property Reference: 46520

Located on the historic site of Exchange Station, Embankment West is rich in heritage, an area where inventors, scientists and artists lived. Now it's at the heart of some of the uk's largest central business and retail districts, offering a lifestyle no other Manchester location can match.

The location and wider investment will drive rental premiums and capital growth ahead of the already strong Manchester market.

Key features
> Premium residential apartments in a vibrant new City Centre neighbourhood
> State-of-the-art gym
> Private meeting rooms
> Residents lounge & breakout areas
> Luxury food & beverage outlet
> Outside seating area
> Located in the uk's top investment City- Manchester
> Unrivalled City Centre location in the heart of the central business and retail district
> High-quality finish from award-winning developer
> 7% predicted annual yield
> Earn average rental returns 69% higher than London
> Positive forecast of 20% capital growth over the build period
> Full management options available
> 10-year build guarantee
> Completion due 2020
> 15% payable on contract exchange and 15% on 1st March 2020
> Pay 70% balance on completion

Two buildings. One exciting new neighbourhood. Affinity Living Embankment West is the latest addition to the £1.5 billion portfolio of leading UK developer Select Property Group. It's an address tenants will aspire to live at – and one that is designed to deliver you long-term investment success.

Located at the heart of Manchester's central business and retail district, these properties will be set in one of the city's most popular leisure hotspots. Within walking distance of the city's key employment hubs, popular stores and leisure spots, major transport links and education centres, it's a location Manchester's tenant are demanding to live in.

Affinity Living Embankment West boasts premium residential apartments and high-quality communal facilities. With a key focus on community, these breathtaking communal facilities will bring tenants out of their apartments, helping friendships to grow, driving rebooking rates and, consequently, your rental returns.

It also offers you a fantastic opportunity to own prime real estate in Manchester, the uk's top city for property investment returns. With a rising population and rapidly expanding economy, Manchester's property shortfall means that, between now and 2022, just 4,000 new purpose-built rental homes in the city will have been delivered despite an 11,000 increase in job numbers. You can achieve capital growth and rental returns projected to be 81% and 40% higher respectively than the national average over the next few years, from a tenant market that has been waiting for Affinity Living Embankment West.

City centre location:
Manchester's attractions are on the doorstep of Embankment West. Residents will enjoy convenience and a premium lifestyle.

Quality assurance:
Affinity Living Embankment West benefits from the extensive experience our designers and architects have brought to our other award-winning properties.

Option to mortgage:
Enjoy Affinity Living Embankment Wests' flexible purchase options. Choose between purchasing either directly outright, or with a mortgage.

Anticipated completion: Q4 2020

- £5,000 reservation fee + £495 admin fee
- 15% on contract exchange
- 15% 1st March 2020
- Balance on completion (less reservation fee)

an estimated positive 5-year roi of 98%
Based on the strength of the Affinity Living brand and Embankment West's central location in the heart of Manchester city centre, Embankment West is forecast to achieve much higher returns than the market average.


Hassle-free expert lettings option


With full management options, you do have exclusive access to the dedicated Affinity Living Management Service. Comprising some of the most talented people from the uk's hospitality sector, the dedicated on-site team can completely manage your property, while also delivering a living experience for your tenants that they simply won't get anywhere else in the city.

Full investor benefits:

- Maintenance of apartment
- All costs associated with marketing and letting properties included
- The management of tenants and their payments

ask about our investment giving 10% net yields with optional 110% buyback, 3 years rent paid in advance and no management or service charge.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

 

Local info for M3

Floor plan

 

Property Value Data/Graphs for M3

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 93.2% £236,873 1.6 1.2
Studio 5.7% £116,444 0 0.9
Other 0.5% £514,650 2.3 0.7
Terraced house 0.3% £275,000 2.5 1
Town house 0.3% £435,093 3 2

Area Information

Average Price Paid

£204,636

Sales

2482

Current Average Value

£232,035

Value Change

£27,399 13.4%

 

Current Asking Prices in M3 Average: £232,035

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £62,950 (1) £442,625 (4) £349,975 (2) £493,685 (1) -
Flats £155,388 (271) £268,004 (287) £419,661 (46) £1,816,667 (3) -
All £155,049 (272) £270,405 (291) £416,758 (48) £1,485,921 (4) -

Nearby Properties

4 bed Detached house () "Canterbury" at Foxdenton Lane, Middleton, Manchester M24 £392,995
2 bed End terrace house () Jubilee Street, Salford M6 £170,000
3 bed () Oldham Road, Lydgate, Oldham OL4 £299,995
3 bed Semi-detached house () Wythburn Road, Heaviley, Stockport SK1 £220,000
3 bed Mews house () Firwood Close, Offerton, Stockport SK2 £200,000
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