Grove House - Manchester
All the ingredients to fuel an increase in demand for well positioned, high-spec accommodation for investors, and tenants, are in place in Manchester.
Manchester is a hub for business, and is home to 70 of the FTSE 100 companies and named as one of the top 10 European business cities. Manchester is cementing itself as a world class business and investment location, with world class companies such as the following attracted by the area: BBC, Barclays, BUPA, HSBC, M&S, L'Oreal, Kellog's, Adidas and Procter & Gamble
Manchester has long been known as being England’s “Second City”, a multicultural and creative hive and one of the coolest, most exciting places in Britain to live and work.
Manchester has invested heavily in transforming the city’s transport network. It’s not surprising that an increased number of commuters want to take full advantage of the highly organised and efficient public transport links.
There is a wealth of internationally acclaimed theatres, art galleries and museums, as well as a sports calendar full of world-class events. So it’s no surprise that it's the third-most visited city in the UK by foreign visitors, after London and Edinburgh, and the most visited in England outside London.
Yields & Prices
To learn more about investing in buy-to-let property for sale in Manchester, get in touch on +44 (0)1525 381498 or [email protected]
- Assured rental yield of 7% net for first two years
- Interest paid on deposited monies between exchange and completion of 4-6%, dependent on payment option (see 'Payment' tab above)
- One bedroom apartments £99,999 to £125,340
- Two bedroom apartments £134,804 to £176,818
- Prices include one parking space
- 999 year leasehold
- Furniture pack £2,500 (inc VAT) for one bedroom apartment
- Furniture pack £3,000 (inc VAT) for two bedroom apartment
Payment process
To learn more about investing in buy-to-let property for sale in Manchester, get in touch on +44 (0)1525 381498 or [email protected]
There are 3 options to choose from:
Option A: 50% / 30% / 20%
- Pay reservation fee of £3,000
- Upon exchange pay 50% less reservation fee (usually within 28 days of reservation)
- 90 days after exchange - stage payment of 30%
- Upon completion final payment of 20% (due February 2016)
This option includes a 4% coupon on deposited monies from exchange to Practical Completion. This will be balanced and deducted on your completion statement.
Option B: 50% / 50%
- Pay reservation fee of £3,000
- Upon exchange pay 50% less the reservation fee
- Final payment of 50% upon completion.
This option includes a 4% coupon on deposited monies from exchange to Practical Completion. This will be balanced and deducted on your completion statement.
Option C: 80% / 20%
- Pay reservation fee of £3,000
- Upon exchange pay 80% less the reservation fee
- Final payment of 20% upon completion.
This option includes a 6% coupon on deposited monies from exchange to Practical Completion. This will be balanced and deducted on your completion statement.
To learn more about investing in buy-to-let property for sale in Manchester, get in touch on +44 (0)1525 381498 or [email protected]
Example of projected returns after 10 years for an investment in a one-bedroom apartment costing £110,396
Assumptions:
- Total maintenance and service charge of 10% of rental income
- Assured yield for first two years of 7% NET
- Rent increase of 3% per annum
- Capital growth of 4% per annum
- Ground rent of £300 per year due from year 3
| Year |
Weekly rent £ |
Total rent £ |
Maintenance & Service Charge (total 10%) |
Net rent £ |
Net yield % |
Capital value at 4% growth pa |
| 1 |
165 |
8,580 |
858 |
7,722 |
7.0% |
110,396 |
| 2 |
170 |
8,837 |
884 |
7,722 |
7.0% |
114,812 |
| 3 |
175 |
9,103 |
1,210 |
7,892 |
7.1% |
119,404 |
| 4 |
180 |
9,376 |
1,238 |
8,138 |
7.4% |
124,180 |
| 5 |
186 |
9,657 |
1,266 |
8,391 |
7.6% |
129,148 |
| 6 |
191 |
9,947 |
1,295 |
8,652 |
7.8% |
134,314 |
| 7 |
197 |
10,245 |
1,324 |
8,920 |
8.1% |
139,686 |
| 8 |
203 |
10,552 |
1,355 |
9,197 |
8.3% |
145,274 |
| 9 |
209 |
10,869 |
1,387 |
9,482 |
8.6% |
151,085 |
| 10 |
215 |
11,195 |
1,419 |
9,775 |
8.9% |
157,128 |
| Projected returns after 10 years |
£86,124 |
|
£46,732 |
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Your free consultation
If you’d like to know more about how student property investment could be for you, give us a call on 01525 381498 or email us at [email protected]. You can even book a time online here and we'll call you then, for an absolutely free, no-obligation informal chat
