3 bed Flat (for sale) Great Jackson Street, Manchester M15

£500,165
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North Property Group Ltd
One Brewery Wharf, Waterloo Street, Leeds
0113 482 9929
First Published

29th Oct 2020

Last Published

29th Oct 2020

 

Features

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

Description

The blade Standing at 52 stories tall, The Blade will consist of 414 premium one, two, three-bedroom and penthouse residential, luxury apartments and will offer breath-taking skyline views.

The high specification is raising the benchmark for quality in Manchester, along with the finest communal facilities. Located at the heart of Manchester's new skyscraper district, The Blade is your next opportunity to invest in the most in-demand new neighbourhood in the city.

Location The Blade, sits within the Great Jackson Street framework - one of the city's most highly-anticipated new neighbourhoods which is located at a key point of entry into the city centre.

The Framework will transform Manchester's skyline with up to 25 towers and will see over 6,300 residential units alongside restaurants, cafes and local convenience stores, as well as amenity facilities to support the primary residential use like health care facilities, gymnasiums, and flexible working spaces.

Amenities The Blade boasts a state-of-the-art gymnasium, with a separate studio and sauna/steam room, a rooftop terrace located on the podium level, a residents lounge, a picturesque community park on the ground floor - forming a key part of the master planned new neighbourhood - and a podium level retail space.

Consumables We expect the apartments to generate impressive yields of 6%.

The ground rent is just 0.1% of the asking price - capped at £500.

The service charge is very reasonable given the level of amenity at £2.75 per sqft.

Why invest in manchester? Since 2018, Manchester has successfully achieved a higher rental and higher price growth than the UK average. Therefore, over the next few years, you should achieve some of the uk's highest short & long-term property investment returns.

Furthermore, the city is experiencing a significant undersupply, with Manchester's population rising at 15 times the rate new homes are currently being built and City centre apartments getting up to 10 enquiries per property – with some tenanted within one hour. Therefore, now is the perfect time for investment in Manchester.

Manchester's property market boasts an impressive history; with property price growth in Manchester exceeding the UK average for five years in a row (2013 - 2018); in the 12 months to June 2018 alone, average property values in Manchester increased by 7.4%; and prices of apartments increased 51% in six years between November 2011 and November 2017.

Additionally, even though the pandemic has impacted the uk's housing market, Manchester has remained a hotspot for property investment. Despite the freezing of the property market during lockdown, Manchester is still expected to record a house price growth of 4.1% during 2020, compared to the UK average of 2.9%.

 

Local info for M15

 

Property Value Data/Graphs for M15

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 93.9% £261,010 1.7 1.4
Studio 3.4% £121,812 0 1
Terraced house 0.6% £207,475 3.5 2
Semi-detached house 0.6% £172,475 2.5 1.5
Other 0.3% £195,000 0 0
End terrace house 0.3% £180,000 3 1
Mews house 0.3% £475,000 3 3
Maisonette 0.3% £235,000 2 2
Town house 0.3% £425,000 3 3

Area Information

Average Price Paid

£184,654

Sales

2196

Current Average Value

£256,085

Value Change

£71,431 38.7%

 

Current Asking Prices in M15 Average: £256,085

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - £164,950 (1) £285,000 (5) £249,950 (1) -
Flats £208,300 (110) £280,623 (180) £396,168 (17) £205,000 (1) -
All £208,300 (110) £279,984 (181) £370,902 (22) £227,475 (2) -

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
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