3 bed Flat (for sale) Jutland Street, Manchester M1

£695,895
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Elite Reality Invest - Manchester
Bloc 17, Marble St, Manchester
0151 382 6688
First Published

25th Apr 2022

Last Published

25th May 2022

 

Features

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

Description

Description

Off plan investment opportunity

For Investment Purposes Only - 25% Deposit Required

The development holds 177 one, two and three bedroom apartments which will be spread across 25 storeys and finished to the highest standard. Residents will have unlimited amenities just outside their doors, with a cosy work from home station, gymnasium and communal garden. With us all becoming more accustomed to spending more time at home, each apartment has been designed with the tenants core needs being in mind with luxurious large windows and earthy tones to allow a natural feel.


Investment overview


7% yield
Only 25% deposit required
Q2 2024 completion
0.1% Ground rent
250 year leasehold
Band C council tax

1 bedroom apartments from £191,000
2 bedroom apartments from £290,000
3 bedroom apartments from £365,000


Location overview


-Regeneration is set to increase the value of Piccadilly
-Rent in Manchester are expected to see a 16.5% increase between 2020-2024
-Huge demand from potential tenants for Ancoats

In the next few years the area of Piccadilly and its surrounding areas are set to regenerate massively. The biggest factor of this is the new HS2 station that is arriving to the already running Piccadilly station. Alongside HS2 there will also be residential developments and green space growth helping the regeneration.

This apartment is the perfect investment with only a 0.1% ground rent which will be reviewed in the future (contact our team for more information), over a 250-year leasehold. The service charge is estimated at £3.4 sqft (investors will be made aware of the review date in the future) and is also predicted to be within the Council Tax band - C.

Contact us today to discuss this exciting new development with one of our consultants. **information provided is subject to change**

 

Local info for M1

 

Property Value Data/Graphs for M1

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 91.5% £223,020 1.6 1.2
Studio 4.1% £168,709 0 0.9
Town house 2.6% £317,778 2 2
Other 1.2% £348,749 2.3 1.5
Terraced house 0.3% £325,000 2 1
Block of flats 0.3% £780,000 0 0

Area Information

Average Price Paid

£215,929

Sales

1446

Current Average Value

£226,688

Value Change

£10,759 5%

 

Current Asking Prices in M1 Average: £226,688

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - £325,384 (13) £350,000 (1) - -
Flats £176,484 (137) £255,731 (156) £286,644 (20) - -
All £176,484 (137) £261,089 (169) £289,661 (21) - -

Nearby Properties

6 bed Detached house () Stanhope Road, Bowdon, Altrincham WA14 £5,850,000
6 bed Detached house () Charcoal Woods, Charcoal Road, Bowdon WA14 £5,850,000
5 bed Detached house () Hill Top, Hale, Altrincham WA15 £4,995,000
5 bed Detached house () Chapel Lane, Hale Barns, Altrincham WA15 £4,250,000
3 bed Flat () Crown Street, Manchester M15 £4,173,684
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