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Ancoats Place

Ancoats Place

Investment Highlights

  • Prime city centre location
  • 1, 2 and 3 bedroom apartments available
  • Investor friendly payment plan
  • 5.6% estimated net yield
  • Exclusive gym, private gardens, coffee roastery and shared social space
  • Underground parking
  • Fully managed, hands off investment
  • Mortgage options available
  • Great potential capital growth
  • Completion is estimated Q3 2021

Investment Breakdown

  • 850 year leasehold
  • Ground rent – 0.1% per annum
  • Service charge – Estimated £3.20 per square foot
  • Management fees – 9% + VAT
  • Monthly Rental Income Range:
    – 1 bedroom apartment: £1,400 – £1,600 per month
    – 2 bedroom apartment: £1,850 – £2,250 per month
    – 3 bedroom apartment: £2,850 – £3,000 per month

Market Forces

  • Projected sales price growth in Manchester over the next 5 years – 17.1% (source – JLL)
  • Project rental growth forecast over the next 5 years – 16.5% (source – JLL)
  • Average net yield in Manchester – 4.25%
  • Around 50% of Manchester’s graduates stay in the city for work, a rate second to only London in the UK
  • 70,000 new jobs are forecasted by 2026

Why Buy To Let

Investing in property has always been considered a fairly stable mid to long-term investment, as renting can earn a good income on a monthly basis and if the property is bought and sold later, it can make a considerable profit, particularly if research has been made into the area, such as transport, education and leisure facilities

Risk and return

  • The amount of rent you can charge varies according to a number of factors, including wider market trends outside your control. Rents are not guaranteed.If you can’t find tenants – or if you can’t charge the rent you expected – you might not be able to cover your mortgage repayments.
  • If house prices fall, the value of your property is likely to fall as well. You might not be able to sell it for as much as you hoped.
  • If you have to sell and the sale price doesn’t cover the whole mortgage, you’ll have to make up the difference.
  • Major repairs or difficult tenants might increase your costs – and trouble – unexpectedly.
  • If the housing market does well, you might be able to sell your property for a profit.

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