- 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
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