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1 bed flat for sale

£119,995

Manchester Off Plan, Great Ancoats Street, Manchester M4

1 1

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Property features

  • 6% Net Rental Returns
  • Manchester City Centre
  • Gymnasium & Secure Bicycle Storage
  • On-site Management Office
  • Experienced Management Company
  • Prices from £120,000

Property description

Manchester Off Plan Property

For Buy to Let – 50% Deposit Required – Below Market Value

We have an excellent opportunity for investors, with this Manchester city centre property coming back on the market. This property is enviably located on the edge of Manchester city centre in the thriving area of Ancoats and New Islington, which has high tenant demand.

You’ll earn from £7,200 annual rental income which is assured for the first year, and there are no restrictions on exit strategy.

This luxurious property, has all the advantages of being a short walk away from the local parks and independent shops of suburbia, but also close to the vibrant bars and restaurants of the city.

For a Free Financial Form Call Us Today or Register Below for an Info Pack

Being located just 0.4 miles from Manchester Piccadilly train station means that many apartments benefit from spectacular city views, with the remainder facing the garden courtyard and terraces. Private balconies are available on a number of units, and the addition of a private gymnasium, on-site management company and laundry facilities will make living at this property easy and stress-free.

Investment Overview

• 6% Net Rental Returns
• Manchester City Centre
• Gymnasium & Secure Bicycle Storage
• On-site Management Office
• Experienced Management Company
• Prices from £120,000

Why Manchester

Manchester’s buy-to-let market is flourishing – it was named in the ‘Top 4 Buy-to-Let Hotspots’ in the UK, and hsbc estimated that investors could make up to 7.98% gross yields.

The city is experiencing exponential growth, with a 19% increase in population in the last decade and an array of planned transport projects including HS2 and One North.

As a result, it’s the perfect time to capitalise on demand for Manchester property.

For More Information Call Us Today of Register below for an Info Pack
Floorplan(s): Floorplan 1

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Market activity
Average price paid £200,572 Sales 264 Current average value £183,507 (Zoopla Zed-Index) Value change £2,102 ▲ 1.16%

Property value data/graphs for M4

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £241,085 - 3.7 -
Semi-detached £158,895 £190 2.7 £173,625
Terraced £206,388 £237 2.6 £251,323
Flats £183,173 £283 1.8 £196,016

Current asking prices in M4

Average: £242,147
Avg. current asking prices in M4
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £189,950
(2)
£254,975
(4)
£315,688
(8)
- -
Flats £165,790
(63)
£255,095
(120)
£403,203
(15)
£450,000
(1)
-
All £166,534
(65)
£255,091
(124)
£372,763
(23)
£450,000
(1)
-

Current asking rents in M4

Average: £982 pcm
Avg. current asking prices in M4
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £594 pcm
(1)
£1,048 pcm
(7)
£1,205 pcm
(3)
£6,067 pcm
(1)
Flats £776 pcm
(53)
£979 pcm
(89)
£1,803 pcm
(6)
£1,798 pcm
(1)
-
All £776 pcm
(53)
£974 pcm
(90)
£1,397 pcm
(13)
£1,353 pcm
(4)
£6,067 pcm
(1)

Fun facts for M4

Highest value in M4
Highest value streets Zed-Index
Keepers Quay £401,699
George Leigh Street £342,638
Spindle Mews £338,988
Cotton Street £258,733
New Islington £254,308
Highest turnover in M4
Highest turnover streets Turnover
New Century Park 56.2%
Naval Street 54.5%
Advent Way 32.6%
Henry Street 31.9%
Pickford Street 31.2%

What Zoopla users think of Manchester

Overall rating:

  • currently 4 stars
Very good - 77% (538 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 3.5 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Manchester:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Manchester Piccadilly (0.4 miles)
  • Ardwick (0.8 miles)
  • Manchester Victoria (0.9 miles)
  • Manchester International Airport (9.1 miles)
  • Liverpool John Lennon Airport (27.8 miles)
  • Leeds Bradford International Airport (35.2 miles)
  • Liverpool Pier Head Ferry Terminal (32.2 miles)
  • Liverpool Belfast Ferry Terminal Bootle (32.3 miles)
  • Liverpool Isle of Man & Dublin Terminal (32.3 miles)

Nearby schools

View all schools in Manchester
  • New Islington Free School (0.1 miles)
  • St Anne's RC Primary School (0.3 miles)
  • St Patrick's RC Primary School (0.6 miles)
  • Abbey College Manchester (0.8 miles)
  • Connell Sixth Form College (1.3 miles)
  • Oldham Sixth Form College (5.9 miles)
  • Chetham's School of Music (0.9 miles)
  • The East Manchester Academy (1.2 miles)
  • Trinity CofE High School (1.3 miles)
Note: Distances are straight line measurements

Local info for Manchester

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For more information about this property, please contact
RW Invest Liverpool, L1 on +44 151 382 7657 * (local rate)

Monthly running costs Beta

£618 Monthly total

Mortgage

Purchase price
Deposit (10%) 11,999
Repayment term 25
Interest rate 1.5
Your payment £431 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £350,000 Contents value up to £40,000 Average insurance cost £16/mo (£190/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £19 Electricity £24 Estimated energy cost £43/mo

Similar properties could save up to £144

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5700 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Manchester

Estimated tax band A Council tax cost £100 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £13 Sewerage £15 Estimated water cost £28 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact RW Invest Liverpool about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by RW Invest Liverpool, and do not constitute property particulars. Please contact RW Invest Liverpool for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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