Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£1,100,000 Offers in excess of
Situated in an exceptional area of redevelopment within Manchester City Centre, this site of circa 0.26 acres is well situated for easy access to amenities and transport links. Landmark attractions such as Manchesters AO Arena and Manchester Cathedral are located in close proximity, as well as retail hotspots such as Corn Exchange and the Arndale Centre.
Manchester & Salford City Councils looking to elevate the standard of living for local residents and businesses alike with a regeneration project.
Key Features of the Regeneration Plans:
Mixed-Use Development: The M3 postcode and Strangeways area are poised for a sophisticated mix of residential, commercial, and recreational spaces. Imagine a harmonious blend of modern living, bustling business hubs, and serene green spacesall within easy reach.
Transportation Upgrades: Connectivity is a top priority in the regeneration plans. Improved transport links, including upgraded bus services and potential new tram routes, will ensure seamless travel within and around the area.
Sustainable Living: At the centre of the plans is a low-carbon development programme that will deliver new homes, quality public realm, and new commercial spaces that can support businesses to grow. This commitment to sustainability not only enhances the local environment but also positions the area as a leader in responsible urban development.
Job Creation: The regeneration is expected to generate a surge in employment opportunities. The influx of businesses and the creation of new commercial spaces will contribute to job growth, attracting professionals seeking both work and residence in this evolving landscape.
Investment Opportunity:
The available plot of land in this prime location presents an exceptional investment opportunity for forward-thinking developers and investors. As the regeneration plans unfold, property values are anticipated to increase, promising lucrative potential returns on your investment.
Recent developments in the area consist of the 93m Manchester College city centre campus on the former Boddingtons Brewery site. Latimer has also started construction of a 505-home development over 29 & 12 storeys on an adjoining plot, and Salboys Waterhouse Gardens scheme is under construction which comprises a 26 storey tower of 556 new homes with 31,000 sqft of commercial and retail space.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
The Property has been saved to your favorites
/ 5
It's quick and easy
