3 bed Flat (for sale) Hi Rise Apartments, Jackson St, Manchester M15

£750,000
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Alesco Property North Limited
Office 219, Spaces, 125 Deansgate, Manchester
0161 506 6986
First Published

28th Feb 2021

Last Published

13th Mar 2021

 

Features

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

Description

For Investment Purposes Only

Hi Rise Apartments

Breathtaking design. An icon on the skyline. The finest residential homes in the city.

This development will become one of the city’s most distinctive landmarks. A magnificent architectural achievement.

Inside are living spaces that raise the benchmark for quality in Manchester. Subtle design and elegant finishes merge to create premium, contemporary homes.
Impressive communal facilities. Immediate access to expansive green space.

Investment Overview

• In an Area of High Demand
• State of the Art Facilities
• Podium Level Retail Space
• 6% Rental Returns
• Experienced Management Company

UK Government makes Real Estate a Priority

Property will play an integral role in the UK government’s post-covid-19 strategy:
• Prime Minister Boris Johnson pledged to “build, build, build” as part of his new economic plan for the country.
— Some planning restrictions were eased in September, while new regulations will also allow more unused commercial buildings to be turned into residential properties.

• Chancellor of the Exchequer, Rishi Sunak, announced a stamp duty land tax (sdlt) holiday for property buyers until 31st March 2021
— Increasing the tax threshold for properties under gbp 500,000 is designed to prompt more people to buy homes before the end of 2020 and into 2021.

Build-to-Rent Apartments to Increase in Demand?

In April, Savills reported that the “coronavirus lockdown is unlikely to dampen investors’ growing appetite” for the build-to-rent residential property sector.

Purpose-built rental homes have become the modern city centre home of choice for millions of tenants across the UK in recent years.

And as many UK tenants now refocus their accommodation priorities following life in lockdown, build-to-rent homes may now appeal to more of the country’s rental population.

Strong 5-Year Property Price Growth Projections

Savills’ latest baseline projections – updated in September 2020 – forecast positive property price growth over the next five years, as the market rebounds from covid-19 in 2020

Manchester
A High Growth, High Demand Investment Location

A city that’s attracting investment from across the world.
Take just one look at the many cranes that are redrawing Manchester’s skyline right now and you realise that this is a city that’s growing.

A city with a young, expanding population. Home to elite universities and world-famous football clubs. A city with a first-class infrastructure, home to some of the UK’s biggest companies and the world’s largest multinationals. A city with big plans for the future.
It’s also a city with one of the most in-demand – and undersupplied – property markets in the UK.

This is just the start of the growth cycle. With projections forecasting Manchester and the North West to drive UK price growth in the next five years and beyond, everything is in place for the city to remain one of the strongest places to buy property in the UK and Europe.

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Local info for M15

Floor plan

 

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

6 bed Detached house () Hill Top, Hale, Altrincham WA15 £5,250,000
5 bed Detached house () Hill Top, Hale, Altrincham WA15 £3,995,000
6 bed Detached house () Stanhope Road, Bowdon, Altrincham WA14 £3,695,000
5 bed Detached house () Carrwood, Hale Barns, Altrincham WA15 £3,300,000
6 bed Detached house () Bankhall Lane, Hale, Altrincham WA15 £3,000,000
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