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Off-plan residential property for sale in Manchester

Investment amount: from £163 000 to £190 000
Forecast return: 6%

Off-plan residential property for sale in Manchester

Off-plan sales are announced open for 40 brand new 1-2 bedroom apartments in an on-going development project in Manchester. All apartments are offered with a guaranteed yield for 2 years starting from completion which is scheduled for Q4 2020.

With a guaranteed rental yield for the first 2 years and the opportunity to profit from price growth in the market, this is a safe investment in one of England’s biggest and most significant cities.

 

Location

The development is located in Salford, a 10 minute drive away from the city centre and a short walk away from the main campuses of the University of Salford. Salford is known to be a home for students, young families and professionals.

With the population of over 2 million, Manchester is the second biggest city in England and the economic and cultural powerhouse of the North. Since the steep economic decline during the 1980s, over the last 10 years, Manchester has been rapidly making up for the lost economic potential and became one of the strongest property markets in the UK.

 

Key features:

  • 1 and 2 bedroom apartments ranging from £146 000 to £197 000
  • 25% of the price deposit on exchange and 75% upon completion
  • Completion: October 2020
  • In 2019, Manchester and Liverpool has had the highest regional growth in property prices (3.4%) in the UK
  • 6% guaranteed rental yield for the first two years provided by the developer

 

* Figures provided above are preliminary. Please, contact us for further information.

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