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BUY-TO-LET, the only way is Manchester!!..the number of people moving from London to Manchester quadruples!

The only way is Manchester!!

A report from home moving service reallymoving.com showed that the number of people moving from London to Manchester has surpassed traffic in the other direction at a ratio of 1.5:1 for the past five years.

The proportion of people moving up north has also doubled from five to 10 per cent since this time last year.

Read the link : http://www.hamhigh.co.uk/property/jobs_culture_and_affordable_housing_luring_londoners_to_manchester_1_4191001

 

Bridgewater Point is the name of Knight Knox’s latest high-end residential development. Situated on Ordsall Lane, one of Salford’s most emerging residential areas, the development is perfectly located—bordering directly on Salford Quays (the home of MediaCityUK, Europe’s most acclaimed creative industry hub), and also just a short walk away from Manchester’s thriving city centre.

Bridgewater Point is comprised of 220 residential units, made up of a mixture of stunning studio, 1, 2, and 3 bedroom apartments, as well as a selection of beautiful townhouses, spread over seven floors. All apartments come fully furnished using only the highest quality materials and appliances, and are decorated in a contemporary chic manner. In addition, residents of this ultramodern 194,000sqft development are also able to enjoy a private on-site gym, bike storage facilities and a limited number of car parking spaces. Furthermore, the complex also plays host to a striking communal garden area, a perfect utopia for residents to relax and unwind. Bridgewater Point is truly a state-of-the-art project thanks to its beautiful interior and exterior design, further enhanced by its proximity to two of the UK’s must-see places – Salford Quays and Manchester city centre. https://vimeo.com/135954941  

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Example of Financial Projections

Townhouse – 3 bedroom with balcony, 87.3 SQ meters  – £174,995 + £10,000 parking

Gross Price £184,995

Annual Rent £12,300.00

Lettings Fee  P.A £615.00

Service Charge P.A £1080.00

Ground Rent  £349.00

Net Annual rent Income £10,256.00

 

2 Bedroom 2 bathroom apartment, 63.62 SQ meters – £129,995

Annual Rent £9,300.00

Lettings Fee £465.00

Service Charge £950.00

Ground Rent £349.00

Net Annual rent Income £7,526.00

 

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