3 bed Flat (for sale) Thompson Street, Manchester M4

£512,950
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Beech Holdings Investments LTD
60 Oxford Street, Manchester
0161 937 0141
First Published

6th Sep 2021

Last Published

6th Sep 2021

 

Features

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

Description

The Development

Ancoats Gardens is an incredible opportunity for any investor looking to start or develop a property portfolio. It's located in one of the most desirable neighbourhoods in the Manchester city centre and boasts an impressively high tenant demand.

With a projected yield of 7% and 3% capital appreciation, this development has a huge amount to offer.

The development is designed specifically to appeal to the large number of professionals working in Manchester, with facilities and features including:

Exclusive residents' facilities

* Two exclusive rooftop gardens
* A state-of-the-art duplex gym
* Private residents lounge
* Co-working space
* Coffee lounge

High-end luxury features

* Quartz worktops
* Bosch appliances
* Handle-less, soft-close cupboard doors
* Underfloor heating
* Exposed concrete walls and ceilings

Why Manchester?

~ Global Connectivity

Manchester is the number one choice for investors across the world. The global connectivity that Manchester International Airport provides has contributed £4.5 billion to the local economy and is currently undergoing a £1 billion expansion - which will mean the airport can cater for an additional 30 million passengers each year.

~ World-class Universities

Home to two world-leading universities that attracts thousands of new students every year to Manchester, 60% of these students will then stay in the city after graduating, further contributing to the demand for rental housing. There is also an undersupply of housing in the city; 11,000 new homes are needed in the city each year to keep up with the growing demand, and currently only 7,000 are being built - leaving a shortfall that investors can benefit from.

~ Consistently growing property market

With property prices at an all-time high since records began, and capital appreciation seeing a growth of 16% - a 7-year high - the property market has remained resilient throughout the last 18 months amidst economic uncertainty. With all lockdown restrictions lifted, the economy is set to boom which can only further positively impact the property market. Additionally, over half the population of Manchester is made up by Generation Rent, and with rental prices increasing by 10% over the past 12 months, investors are reaping the rewards.

 

Local info for M4

Floor plan

 

Property Value Data/Graphs for M4

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 96.8% £202,931 1.5 1.2
Other 1.8% £278,846 2.1 0.7
Studio 0.6% £122,250 0 1
Parking/garage 0.1% £14,950 0 0
Houseboat 0.1% £99,950 2 1
Semi-detached house 0.1% £250,000 4 1
Town house 0.1% £479,000 4 2
Block of flats 0.1% £170,000 0 0
Terraced house 0.1% £200,000 3 1

Area Information

Average Price Paid

£207,573

Sales

2870

Current Average Value

£203,860

Value Change

£3,713 1.8%

 

Current Asking Prices in M4 Average: £203,860

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £140,000 (1) £241,246 (12) £200,000 (1) £473,000 (3) -
Flats £162,560 (375) £238,087 (297) £396,071 (14) £799,950 (1) -
All £162,500 (376) £238,210 (309) £383,000 (15) £554,738 (4) -

Nearby Properties

7 bed Detached house () Ellenbrook Road, Worsley, Manchester M28 £4,500,000
2 bed Flat () Embankment West, Manchester M3 £4,194,930
6 bed Detached house () Broad Lane, Hale, Altrincham WA15 £3,750,000
6 bed Detached house () Barry Rise, Bowdon, Altrincham WA14 £2,795,000
4 bed Flat () Beetham Tower, 301 Deansgate, Manchester M3 £2,750,000
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