The Exchange - 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 6% NET for first year
- A ‘hands-off’ investment
- Ready to accept tenants by Q1 2017
- One bed apartments £102,500 (40-44m2)
- Two bed apartments £127,500 to £145,000 (54-59m2)
- 140 year leasehold
- Furniture pack £2,500 (inc VAT) for one bed apartment
- Furniture pack £3,000 (inc VAT) for two bed 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]
- Choose your apartment(s) and pay the deposit of £5,000
- Solicitor instructed, legal documents and sales pack sent out
- 25% (less reservation fee) payable upon exchange of contracts (usually within 21 days)
- 10% payable 6 months from commencement of works
- Balance payable upon completion
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 £102,500
Assumptions:
- Maintenance and service charge of 20% of rental income
- Ground rent of £275 per annum
- Rent increase of 3% per annum
- Capital growth of 4% per annum
| Year |
Weekly rent £ |
Total rent £ |
Maintenance (12% of rent) & Management (8%)
+ ground rent of £275 |
Net rent £ |
Net yield
%
|
Capital value at 4% growth pa |
| 1 |
156 |
8,112 |
1,897 |
6,215 |
6.1% |
102,500 |
| 2 |
161 |
8,355 |
1,946 |
6,409 |
6.3% |
106,600 |
| 3 |
166 |
8,606 |
1,996 |
6,610 |
6.4% |
110,864 |
| 4 |
170 |
8,864 |
2,048 |
6,816 |
6.7% |
115,299 |
| 5 |
176 |
9,130 |
2,101 |
7,029 |
6.9% |
119,911 |
| 6 |
181 |
9,404 |
2,156 |
7,248 |
7.1% |
124,707 |
| 7 |
186 |
9,686 |
2,212 |
7,474 |
7.3% |
129,695 |
| 8 |
192 |
9,977 |
2,270 |
7,706 |
7.5% |
134,883 |
| 9 |
198 |
10,276 |
2,330 |
7,946 |
7.8% |
140,278 |
| 10 |
204 |
10,584 |
2,392 |
8,192 |
8.0% |
145,889 |
| Projected returns after 10 years |
£71,646 |
|
£43,389 |
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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
