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MercyCrowd has invested a total of £4,000 into this development

KEY FEATURES

  •    LOCATED IN THE UK

  •     WELL CONNECTED

  •     CLOSE TO LOCAL AMENITIES

  •      SAFE AREA

  •     RENTAL POSSIBILITIES

Source: UK Land Registry. Please note that the house price values provided are for all property types, and values for individual property types may vary. Past performance should not be relied upon as a guarantee of future results.

ABOUT THE RESIDENCE

Wilburn Basin is a brand-new residence sited around the historic River Irwell Basin and offers an attractive waterside setting to residents in the city centre within a short walking distance of the central business district and its amenities.

Wilburn Basin comprises four distinct blocks varying in height from 8 to 21 storeys which offer fantastic views across the city. All apartments are built to a high specification with Porcelanosa kitchens and Villeroy and Boch Sanitaryware. 

A ‘boutique’ hotel style reception, 24 / 7 concierge, architecturally landscaped gardens and seating areas around the River Basin provide a desirable place to live, work and play. 

ABOUT THE PROPERTY

  • 1 Bed
  • 1 Shower
  • 1 Balcony
  • 339 sq ft-32 sq m Approx.
  • 1 Parking Space
  • Well connected

ABOUT THE CITY

Manchester is known as the “Second City” in England, a truly international destination, a vibrant city boasting diversity and opportunity with ambitious plans for the future. In 2017, statistics show that it has now exceeded central London for capital appreciation and both local and international investors alike are now choosing Manchester over the tried and true areas of the capital for investment opportunities.

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FINANCIALS

Funding Target
£176,750
Number of Shares
3,535
=
Share Price
£50
  • Purchase Price£167,950
  • Purchase Cost£8,800
  • Comprising:
  • Notary/SDLT£5,898
  • Structure Fees£1,150
  • Payment Process Fees£1,752
  • Funding Target£176,750

Land Registry Data

The HPI is an official statistic that captures changes in the value of residential properties across

England and Wales. It is published by the Land Registry,

which is a UK government organisation.

1 Year

+8.87%

5 Years

+43%

10 Years

+23%

Source: UK Land Registry. Please note that the house price values provided are for all property types, and values for individual property types may vary. Past performance should not be relied upon as a guarantee of future results.

This is based on full occupancy in terms of both the number of occupancts and no void periods.
Projected Annual Rent (A)
£10,800
Service Charges (B)
-£0
(A-B)
Gross Rental Revenue
= £10,800

((A-B)/Funding Target)
Gross Rental Yield
6.1%
Projected Annual Costs (C)
-£4,612
  • Letting & management costs (estimated at 10% of A)£1,080
  • Estimated property insurance£500
  • Under occupancy provision (estimated at 10% of A)£1,080
  • Maintenance allowance£500
  • Corporation tax (estimated at 19% of A less costs above)£1,452
(A-B-C)
Projected Dividends Per Year
= £6,188

((A-B-C)/Funding Target)
Projected Dividend Yield
3.5%

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