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7 BED HOUSE IN MANCHESTER

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

Situated on Ashton Old Road, one of the main roads leading into Manchester City Centre from the east side of the city, this property is well located, on a main route in and out of the city, and with easy access by bus and train to Manchester City Centre, Ashton-Under-Lyne and Stockport.

The property is a stone’s throw from Edge Lane business park, which neighbours a large Morrison’s supermarket, gym and a short walk further to New Smithfield Wholesale market.

About The Property

  • 7 BED
  • 2 BATHROOM
  • 1 REAR YARD
  • 2184 SQ FT - 203 SQ M APPROX.
  • 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.

 

Home to three universities, several hospitals, a 180,900 square foot shopping centre and a massive sports complex, Manchester is buzzing. The SportCity UK complex is close to the property, and is home to the UK National Cycling Centre, the UK National Squash Centre, and Manchester City Football Club, as well as the City Academy.

 

The planned introduction of a High Speed rail between Manchester and London, will reduce journey times to 1 hour and 8 minutes, linking two of the UK’s major cities like never before.

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Financials

Funding Target
£267,500
Number of Shares
5,350
=
Share Price
£50
  • Purchase Price £250,000
  • Purchase Cost £17,500
  • Comprising:
  • Notary/SDLT £10,000
  • Structure Fees £2,250
  • Payment Process Fees £5,250
  • Funding Target £267,500

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

+10.4%

5 Years

+40.4%

10 Years

+25%

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 occupants and no void periods.
Projected Annual Rent (A)
£27,600
Service Charges (B)
-£0
(A-B)
Gross Rental Revenue
= £27,600

((A-B)/Funding Target)
Gross Rental Yield
10.3%
Projected Annual Costs (C)
-£12,054
  • Letting & management costs (estimated at 10% of A) £2,760
  • Estimated property insurance £254
  • Under occupancy provision (estimated at 5% of A) £1,380
  • Maintenance allowance £690
  • Utilities  £3,600
  • Corporation tax (estimated at 19% of A less costs above) £3,594
(A-B-C)
Projected Dividends Per Year
= £15,322

((A-B-C)/Funding Target)
Projected Dividend Yield
5.7%

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