Uptown, Manchester
Manchester Buy to Let – Uptown
Uptown is situated alongside the River Irwell in a suburban leafy area of Manchester, providing residents the opportunity to enjoy several different riverside walks. It is also close to Victoria train station meaning that it is convenient for those who need to commute for work or wish to explore further afield at the weekend. It is just a stone’s throw away from Manchester’s bustling centre, which means it is also a convenient dwelling for professionals working in the city.
Uptown comprises three high rise buildings that are geometric in design and rise dramatically to different heights, making them very eye-catching and providing contrast against their suburban surroundings. The buildings have both private and communal terraces which provide a unique outdoor space with fantastic views over the River Irwell.
Key Figures
£234,312Starting Price
5.45%Net Yield
Q4 2019Completion Date
Investment Details
Manchester Buy to Let – Uptown
Inside will comprise 156 one and two-bedroom apartments, each with floor to ceiling windows which allowing plenty of natural light to flood in. Living spaces will be stylishly designed using a unique blend of high class materials and appliances. To complement the luxurious nature of the development, onsite features such as a gymnasium and communal recreation facilities will be available for residents’ enjoyment.
Uptown Manchester Buy to Let Investment Summary
- Close to the city centre and key transport links
- 156 one and two-bedroom apartments available
- One-bedroom apartments start from £234,312
- Onsite facilities such as a gym and riverside bike storage available
- High quality interiors and floor to ceiling windows
Why invest in Manchester?
Manchester has been named as one of the best places to invest due to fast-growing property prices in the city. According to Hometrack Cities Index which measures the rate of house price growth in 20 major UK cities, Manchester led the way with an annual house price growth of 7.9%. The average price of a home in the city is £158,800 which is relatively affordable compared to most other UK cities and the high percentage of young professionals living in the city provides the perfect market for rental property.
The Numbers
Ground Rent:275
Number of Units:156
Service Charge:£3 per sqft/pa
Prices:£234,312
Leasehold:248 years
- Luxury finishes & facilities for the modern rental market
- Unrivalled city views
- Floor to ceiling windows
- Hotel style concierge
- 24-hour on-site security
- Communal & private roof gardens
- State-of-the-art gym
- Car parking available
- Reservation Fee- £5,000
- Deposit amount at Exchange: 30% (less reservation fee).
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