3 bed Flat (for sale) Merchant’S Wharf, Ordsall Lane, Manchester M5

£439,950
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RW Invest Liverpool
Suite 101, The Tea Factory, 82 Wood Street, Liverpool
0151 382 7657
First Published

6th Jan 2021

Last Published

6th Jan 2021

 

Features

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

Description

Merchant’s Wharf

For Investment Purposes Only – 35% Deposit Required

Merchant’s Wharf is a brand-new residential development nestled between Manchester city centre and Salford Quays set just off the River Irwell. The development welcomes 196 luxury apartments spread over two buildings up to nine storeys high. A collection of 1,2 and 3-bedroom apartments are available as part of a lucrative buy to let investment with 6.5% rental return.

There are stunning balconies throughout the floors and private terraces on the penthouse floor overlooking the stunning waterfront. Onsite commercial units provide convenient amenities and a concierge service is available to look after tenants 24/7 in this fully managed buy to let investment opportunity.

To Receive Free Floor Plans, Virtual Tour or Availability, Call or Register below for an Info Pack

Enjoying a historic past, the area of land on which these apartments are situated was previously a dyeworks where fabrics such as velvet were dyed and shipped around the world. Now a popular residential area where major investment and regeneration are taking place, the development will bring much needed high-quality accommodation to the city.

Hotspots such as MediaCityUK, Deansgate and Spinningfields are all within a short distance, meaning this development will be a hit with young working professionals in these districts.

Investment Overview

6.5% Net Rental Return
950m from Cornbrook Metrolink
Luxury Balconies and Terraces
Onsite Commercial Space
Prestigious North West Developer
Prices from £149,950

Active Area for Regeneration in Manchester City Centre

Despite being located within 1 mile from both Salford Quays and Manchester city centre, Merchant’s Wharf benefits from being part of the Ordsall Riverside zone – a regeneration area where many other residential developments have either already been built, or are currently under construction.

The Council plan for the waterfront destination to be a vibrant, mixed-use zone with residential, commercial and leisure developments. There is significant capital appreciation to be made here with the area increasing in value all the time as these new developments start taking shape and the vision becomes a reality.

Manchester in general is an exceptional city for investment and an essential cog in the wheel of the North West’s economy. Well known for being the fastest growing UK city outside of London, it’s no surprise that over 51% of the North West’s total economic output is produced by Greater Manchester. Manchester has the largest travel to work catchment area of any any regional UK city, has a city centre population of 130,000 people and also boasts the best graduate retention rate outside London – over 50%.

For More Information Call Us Today or Register Below for an Info Pack

 

Local info for M5

Floor plan

 

Property Value Data/Graphs for M5

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 94% £191,497 1.7 1.2
Studio 3.1% £122,011 0 1
Town house 1.6% £306,942 2.8 1.6
Terraced house 0.4% £161,990 2.4 1.4
End terrace house 0.3% £167,500 2.5 1.3
Semi-detached house 0.3% £212,500 3.3 1.5
Maisonette 0.2% £234,608 3 0.5
Parking/garage 0.1% £260,000 0 0
Barn conversion 0.1% £217,500 2 1

Area Information

Average Price Paid

£161,511

Sales

2279

Current Average Value

£191,240

Value Change

£29,729 18.4%

 

Current Asking Prices in M5 Average: £191,240

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - £196,950 (10) £282,656 (24) £240,000 (1) -
Flats £150,806 (485) £202,497 (562) £269,439 (175) - -
All £150,806 (485) £202,400 (572) £271,033 (199) £240,000 (1) -

Nearby Properties

4 bed Detached house () Barrow Lane, Hale, Altrincham WA15 £6,500,000
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 £4,750,000
5 bed Detached house () Brooks Drive, Hale Barns, Altrincham WA15 £3,650,000
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