Flat in Manchester, United Kingdom, 51 m²

The residential complex is located in the north of Manchester, near Collyhurst Park, within walking distance from the main shopping centers, Victoria station and the Northern Quarter area. The residential complex is built opposite the unique landmark of the city, the building of 1896 - The Royal Osborne Theatre.

Commercial conditions:

Type of investment: BUY-TO-LET.
Due date: Q 2 2023

Prices from £180,000 for a 1 bedroom apartment

Prices from £210,000 for a 2 bedroom apartment

• Beautiful view of the park
• An interesting location for young professionals
• 15 minutes to Piccadilly Gardens
• 10 minutes to the Northern Quarter area
• Panoramic roof with terraces and gardens
• A balcony in each apartment

Expected revenue ~5% net

Stages of payment:

1. Booking £5,000
2. 25% down payment (-booking fee)
3. The remaining 75% after completion of construction

Why we recommend Manchester:

• Rental rates are higher than in London – net yield 4-5% per annum
• Steady growth in real estate prices by 4-7% per year over the past few years. Over the past 12 months, the increase of 7.2% is one of the highest in the UK
• The highest projected growth in the UK over the next 5 years is 28.8% according to Savills analytics
• Is the best city for investment in real estate for rent according to the bank Aldermore
• HS2 high-speed railway project under construction, which will reduce the time to London by 2 times
• The presence of large employer companies – Google, Amazon, Microsoft, Booking, etc., and the active development of the IT sector, which increases the number of potential tenants
• A high percentage of renters – 31% of the population