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Prices: £189,000
Yield: 6%
Completion Date: Q3 2024
Lease Length: 250
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Off-Market Opportunity
What You Can Expect
We are thrilled to launch this exciting off-market Manchester City Centre investment opportunity. A striking, brand-new waterfront development in the UK’s best buy-to-let investment location. These stylish apartments, span over 17-storeys, towering over Castlefield, at the heart of Manchester City Centre. the development is surrounded by a beautiful, newly landscaped area with a tree-lined boulevard, a community square and seating steps overlooking the waterfront. Furthermore, the development will have all modern-day amenities such as a gymnasium, communal lounges, landscaped terrace gardens and study spaces. The perfect combination for a successful development.
Investors are spoilt for choice with the range of contemporary one, two and three-bedroom apartments on offer, but if you are looking to invest you must act fast. Over 60% of apartments sold out within the first 2 weeks of pre-launch! This state-of-the-art development will not be on the market for long. For a full breakdown of the development, brochures and floorplans please enquire immediately.
Area With Highest Projected Capital Growth
In Manchester
This off-market development could not be better located! sitting beside one of the most influential and successful districts outside of London, Castlefield. The apartments are strategically located near the city centre and close to Salford’s £550M innovation hub, MediaCityUK. Innovation, digital creativity and media are at the heart of the city, which is also home to media giants, BBC and ITV.
Investors are drawn to this most sought-after location due to the elevated levels of tenant demand. The city witnessed the strongest rental market growth this year at 14.03% according to the latest Zoopla Rental Market Report.
Investors in this excellent off-market development will benefit from significant capital appreciation in years to come. In the next 5 years, prices are forecast to inflate by 31% as key regeneration schemes come to fruition.
Why Manchester?
First and foremost Manchester has a very strong employment market. Over the last decade, the number of jobs available has increased by 84% with 80 of the FTSE 100 companies having offices in Manchester. This ensures there is a constant stream of young professionals needing good quality rental accommodation, helping rental values and reducing void periods.
Manchester has also forged a reputation as one of the most desirable cities to live in not only in the UK but the whole world. The Economist Intelligence Unit voted Manchester as the UK’s ‘Best City to Live’ 2022. It also scooped number 3 in Time Out’s annual best cities in the world awards in 2021. Every year more and more people relocate to the city in search of new opportunities and a way of life. Desirability and capital growth go hand in hand and London has finally got some genuine competition.
Important Details:
- Off-market opportunity - must enquire for pictures, brochures and floorplans!
- Only 40 units remaining
- Prices From Only £189,000
- 6% yields achievable
- Located in area of Manchester with highest capital growth
- Very high specification development with waterside views
Calculate Mortgage Repayments
Securing a mortgage is a huge financial commitment. Whether you are saving for your first investment or financial planning for your next, it is crucial that you calculate correctly. Use our mortgage calculator to help to determine what your monthly repayments will be. This way you can ensure that the rent earnt covers the repayments on your buy to let property.
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Calculate Stamp Duty
Use this calculator to determine the Stamp Duty Land Tax (SDLT) on your property investment. Stamp Duty is a tax paid by the buyer of a UK residential property. The stamp duty rate ranges from 2% to 12% of the purchase price. However, it can change based upon the value of the property, the purchase date, and whether you are a first-time buyer or not. Also, a 2% surcharge is added to each of these rates for buyers who are non-UK residents.
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Rental Yield Calculator
Discover whether a property is worth investing in. Use our Rental Yield Calculator to work out the rental yields on your investment.
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Manchester Investment Guide
Often referred to as ‘the capital of the North’, Manchester’s thriving economy has become the envy of many UK cities. As a result, it has gained attention from property investors all over the world. Download CityRise's investment guide to discover how it has earned its stellar reputation.
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