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

£515,000
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First Published

8th Nov 2021

Last Published

8th Nov 2021

 

Features

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

Description

Luxury apartment**6% yields***breathtaking manchester skyline views***luxury specification***premium amenities***low ground rent***located at the entrance of manchester city centre***

The blade

The Blade stands at 52 stories tall and will consist of 414 premium one, two, three-bedroom and penthouse luxury residential apartments which will provide you with breath-taking skyline views.

The high specification raises the benchmark for quality in Manchester, while also being equipped with luxury communal facilities. Along with being located at the heart of Manchester's skyline district. The Blade is the perfect opportunity to invest in the most in-demand neighbourhood in the city.

Exceptional location

The Blade sits within the Great Jackson Street framework, which is one of the city's most highly-anticipated new neighbourhoods, sitting at the key point of entry into the Manchester City Centre!

The Great Jackson Street framework looks to transform Manchester's skyline, implementing up to 25 towers which will boast over 6,300 residentials units along with restaurants, cafes and local convenience stores. In addition, the residential will offer amenity facilities which will support the primary residential use, such as health care facilities, gymnasiums and fully flexible working spaces too.

Consumables

We are expecting the apartments to generate impressive yields of 6%.
The ground rent id just 0.1% of the asking price which is capped at £500.
Very reasonable service charge given the level of amenity at £2.75 per sqft

state-of-the-art-amenities

The Blade will offer a contemporary state-of-the-art gymnasium, which will include a separate studio for fitness classes and sauna/steam room, a rooftop terrace designed to capture afternoon sunlight on the podium level, a residents lounge, a scenic community park on the ground floor which will play a key role in the master planned new neighbourhood, as well as a podium level retail space.

Manchester

student community

With around 100,000 students in the city, Greater Manchester is home to one of the largest students communities in Europe. Students flock to Manchester from all over the globe, with international students from almost every country on Earth living here.

Additionally, Manchester has a fantastic graduate retention rate. Over half of all higher education leavers decide to stay in the city, creating great opportunities for buy-to-let investors interested in renting to young professionals

economy

Europe's second-largest cluster of creative/ media businesses
Home to the £28.5 million Cancer Research Centre – one of the UK's most innovative medical research facilities

A world renowned education sector, with a 105,000 student population as well as a graduate retention rate of 51%, for instance.
Oxford University economists predict that job growth in the city will exceed many international capitals including Paris, Berlin and Tokyo.
Many UK businesses are 'Northshoring' to Manchester. This is expected to create 55,000 new jobs by 2025. Additionally, adding £19 billion Total Gross Value to the economy and increase residents' disposable income by 28%

property market

Since 2015, house prices in Manchester have increased by 32.5% and are set to grow by another 22.8% by 2022. Average rental yields in Manchester are currently reaching as high as nearly 8% in the M14 M11 postcodes.

Manchester has undergone 7% population growth during the previous decade, reaching over 2.7 million in 2019. Furthermore, Manchester's population is expected to increase consistently over the next few years, reaching more than 3 million by 2035. This has led to high demand for housing in a city without enough supply.

Investment case

Since 2018, Manchester has successfully achieved a higher rental and higher price growth than the average in the UK. As a result of this, you should achieve some of the UK's highest short and long-term property investment returns.

The city Is experiencing a significant undersupply, with Manchester's population rising at 15 times the rate new homes are being built, resulting in City Centre apartments getting up to 10 enquiries per property and some are tenanted within one hour, meaning now is the perfect time to invest in Manchester.

Manchester's property market also holds an impressive history; with property price growth in Manchester exceeding the UK average for five consecutive year, from 2013-2018. Within the 12 months to June 2018
Alone, the average property values in Manchester increased by 7.4%, and within six years between
November 2011 and November 2017, prices of apartments increased by 51%.

Even though the pandemic impacted the UK's housing market, Manchester has remained a hotspot for property investment. Despite the property market freezing during lockdown, Manchester is still expected to record a house price growth of 4.1% during 2020, as opposed 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 92.4% £427,658 2 1.3
Terraced house 2.5% £303,329 2.9 1.8
Town house 2.1% £460,532 2.8 2.6
Studio 0.8% £132,496 0 0.5
Semi-detached house 0.8% £211,250 3 1
Other 0.4% £335,000 1 1
End terrace house 0.2% £200,000 3 1
Mews house 0.2% £249,995 3 2
Parking/garage 0.2% £17,000 0 0
Detached house 0.2% £269,950 3 2
Maisonette 0.2% £260,000 1 1

Area Information

Average Price Paid

£190,806

Sales

2011

Current Average Value

£418,305

Value Change

£227,499 119.2%

 

Current Asking Prices in M15 Average: £418,305

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - £435,000 (6) £314,782 (22) £375,000 (2) -
Flats £233,423 (122) £336,389 (224) £854,584 (103) - -
All £233,423 (122) £338,961 (230) £759,579 (125) £375,000 (2) -

Nearby Properties

7 bed Detached house () Ellenbrook Road, Worsley, Manchester M28 £4,500,000
6 bed Detached house () Stanhope Road, Bowdon, Altrincham WA14 £3,000,000
4 bed Detached house () Chatsworth Road, Worsley M28 £2,850,000
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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