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1 bed flat for sale

£90,000

Manchester City Hotel Room Investment, Oldham Roadmanchester, Manchester M60

1 1 1
Interested in this property? Call +44 20 8033 8424 * or Request Details

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Property features

  • Located in Manchester
  • 8% Net Rental Income
  • High Occupancy Rates
  • Close to Amenities
  • Hands-Off Investment
  • Experienced Management Company

Property description

Manchester City Hotel Investment Opportunity

These bespoke hotel rooms are ideally located in the heart of Manchester, right on the doorstep of what the city has to offer.

With excellent transport links, amenities and ensured high occupancy rates, these hotel rooms are an ideal investment opportunity.

Investing in a hotel suite provides an assured yield over a number of years, reliable income backed by a safe underlying asset, the potential for personal usage, and can offer buy back at the end of the investment.

Investment Overview

• Located in Manchester
• 8% Net Rental Income
• High Occupancy Rates
• Close to Amenities
• Hands-Off Investment
• Experienced Management Company

Manchester Hotel Investment

Hotel investment volumes in Manchester were higher than any other UK city outside of Manchester in 2017, according to international real estate advisor Savills.

There were 1,127 individual hotel rooms sold in Manchester last year, says Savills, marking 32% increase on the 854-room total of 2016.

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Market activity
Average price paid Sales Current average value (Zoopla Zed-Index) Value change 0.00%

Property value data/graphs for M60

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached - - - -
Semi-detached £147,367 - - -
Terraced - - - -
Flats £60,894 - - -

Current asking prices in M60

Average: £106,599
Avg. current asking prices in M60
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats £106,599
(10)
- - - -
All £106,599
(10)
- - - -

Current asking rents in M60

Avg. current asking prices in M60
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats - - - - -
All - - - - -

What Zoopla users think of Manchester

Overall rating:

  • currently 4 stars
Very good - 77% (563 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.
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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 Victoria (0.6 miles)
  • Manchester Piccadilly (0.7 miles)
  • Manchester Oxford Road (1.1 miles)
  • Manchester International Airport (9.4 miles)
  • Liverpool John Lennon Airport (27.8 miles)
  • Leeds Bradford International Airport (35.0 miles)
  • Liverpool Pier Head Ferry Terminal (32.2 miles)
  • Liverpool Belfast Ferry Terminal Bootle (32.2 miles)
  • Liverpool Isle of Man & Dublin Terminal (32.3 miles)

Nearby schools

View all schools in Manchester
  • St Patrick's RC Primary School (0.2 miles)
  • Abbott Community Primary School (0.2 miles)
  • New Islington Free School (0.3 miles)
  • Abbey College Manchester (0.8 miles)
  • Connell Sixth Form College (1.6 miles)
  • Oldham Sixth Form College (5.7 miles)
  • Chetham's School of Music (0.7 miles)
  • Eden Boys' Leadership Academy, Manchester (1.0 mile)
  • Eden Girls' Leadership Academy , Manchester (1.1 miles)
Note: Distances are straight line measurements

Local info for Manchester

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For more information about this property, please contact
One Investments, SW18 on +44 20 8033 8424 * (local rate)

Monthly running costs Beta

£496 Monthly total

Mortgage

Purchase price
Deposit (10%) 9,000
Repayment term 25
Interest rate 1.5
Your payment £323 /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.

Energy

Gas £19 Electricity £26 Estimated energy cost £45/mo

Similar properties could save up to £147

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.

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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 One Investments, and do not constitute property particulars. Please contact One Investments 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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