Latest Valuation
£
ROCE
16.54%
Location
Salford

25% BMV – Last Off Plan 3 Bed Townhouse Manchester City Centre – Only 15% Deposit

Rare opportunity to purchase a stunning 3 bed townhouse off plan in a flagship development in Manchester city centre.
Guide Price
£275,025

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Key Features

  • Last townhouse - 25% discount off list price
  • Your equity from list price is £91,675
  • Assignable contracts so you can make profit before completion
  • 24hr concierge, on-site gardens, gym & residents lounge
  • High end building & spec
  • Flip or hold & profit from Savills 25% predicted rise by 2025

The Property

Exit plan 1:
Sell/Assign contract in 12 - 18 months with predicted 6.5% capital appreciation giving £390,535.50 property value (£366,700 list price + 6.5% capital appreciation during build stage).
£390,535.50 minus £275,025 balance gives potential profit including your original deposit of £115,510.50 (This includes your original deposit of £41,253.75)
Overall profit is £74,256.75.

Exit plan 2:
Upon build completion, mortgage the property at new market value at that time of £389,837, as you are purchasing the property at 15% below current market value you will not be required to pay any extra deposit towards the 75% Buy to Let mortgage and will be able to pull out almost all of your MONEY (Initial 15% Deposit). Sell at increased value Savills 27% predicted uplift on current market value by 2025 or hand over the property to our management company to run this for you.

Exit Plan 3:
Manchester is a 'beta world city' and the UK's second city, recognizable for its architecture, culture, musical exports, media links, scientific and engineering output, social impact, sports clubs and transport connections. With a population of more than half a million people, Manchester has seen considerable investment and regeneration in the last two decades.

However, if for whatever reason, the capital growth which Savills are predicting of 6.5% within the next 2 Years and if 25% by 2025 does not happen, you have still purchased the property for 25% below list price.
Therefore you have equity of £91,675 on day 1 from the list price.

Selling office: Sourced Manchester Central

Planning Information

N/A

The Plan

Flip the contract before the build is complete & benefit from huge profits.

Complete on the property & hold to profit even more from Savills predicted rise of 25% by 2025.

Rent and benefit from the excellent yield due to you securing the property £91,675 below list price.

Complete on the property, hold for a few years & sell which gives you not only profit from the £91,675 equity but also the capital appreciation at time of selling.

The financials:
▪ Purchase price: £275,025
▪ Sourcing fee: 2%

The Location

Its walls are in touching distance of Manchester City Centre, that will create identity and functionality at a prime location, on a major transitory route into and out of the City.

Located in the emerging creative quarter, the development is creating a new contemporary living space for the ever increasing young, professional and residential community.

The prestigious development comprises five unique blocks surrounding a centralised landscaped garden with seating and social areas.

Average estimated value for a house in M5 4XS

£

As a comparison, the AVERAGE price per square foot for sold 3 bed townhouses is £380 p/sqft:

Price Per Sqft on this Unit is £266.24
£266.24 x 1033sqft = £275,025

This is much lower than buying a like for like townhouse 4 miles from Manchester city centre.

PLEASE CARRY OUT YOUR OWN DUE DILIGENCE

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