GROSS RENT / YIELD
£10,980 / 5.1%
NET RENT / YIELD
£5,933 / 2.8%
Through our expertise and research, we have found that this property is above the average of this location based on data from REalyse, PropertyData and Zoopla
The higher the yield the stronger the return on investment.
1 reception room
Loft style conversion in Manchester's Bohemian Northern Quarter district, just off Picadilly Gardens.
Each apartment is individually unique and tastefully designed to a high specification.
An epicentre of culture with numerous bars, cafes, shops and music stores. The area is also known as the home of the creative industries such as fashion, designers, agencies and clothing wholesalers.
This property comes with a parking space in an underground lift operated basement garage next to the property.
The cost for the upkeep of this is included within the service charge.
The parking space can be rented out separately in the future, depending on the tenancy agreement.
Fully integrated kitchen, spacious living area and llarge double room.
Dale Street has 384 houses and flats on it with an average current value of £194k, compared to prices of £197k in M1. Prices have increased 31% over the last 5 years (-3% over the last 12 months) and vary by property type (£135k-£248k).
There have been 33 properties sold in the area in the last 12 months, 322 properties for sale currently and 304 days to sell (on average).
Rents in M1 are now at £953pcm (-5% over the last 12 month) and typically range between £875 - £1,400pcm for 80% of listings.
Given prices in the area, this property is currently achieving a gross yield of 6.3% which is higher than both the national average of 4.7% and the wider Manchester area of 5.6%.
Last updated - Feb 2019
Documents available on request, please contact for viewings or further questions.
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Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
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All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.
Manchester is a city situated around 34.8 miles east of Liverpool and 39.4 miles south west of Leeds.
The two mainline railway stations serving this city are Manchester Victoria and Manchester Piccadilly. Manchester Victoria is a combined railways station and Metrolink tram stop which is managed by Northern. Westbound from this station twice an hour there is a service to Liverpool Lime Street and another two to Manchester airport via the Ordsall Chord and Manchester Piccadilly. TransPennine express operates 4 trains per hour via Huddersfield, Leeds and York, 2 of which continue to Newcastle, 1 to Middlesbrough and the other to Scarborough. Manchester Piccadilly is the busier of the two stations in terms of number of passengers. This station runs services by six train operating companies. Virgin Trains operate three trains per hour to London Euston, two via Stoke-on-Trent and one via Crewe. Northern provides local trains services to stations in the local Greater Manchester area as well as services to the north and west of Liverpool. Transport for Wales offers hourly services along the North Wales Coast Line via Chester to destinations in Wales. CrossCountry has one hourly service to Bournemouth via Birmingham, Reading and Southampton and another hourly service to Bristol Temple Meads. Getting around the city via public transport could not be easier, with the assistance of Manchester’s Metrolink tram, that has over 90 stops throughout the Greater Manchester area.
Manchester’s Central Retail District is filled with several restaurants and bars, as well as its extensive options of stores. In addition, there are also many cultural attractions around this area, including Manchester’s Opera house, Albert Square and multiple museums.
The Greater Manchester area is home to many big corporations’ headquarters, as it is seen as the growing hub for business in the north west region and is known as the main regional centre for public services. Companies such as Google, BBC, The Co-Operative Group, Kellogg’s and Thomas Cook run large parts of their operations all from the heart of this buzzing city.
This property is ideal for students in higher education in Manchester. Manchester is a major student city with over 50,000 full time students. The three top universities in the City are University of Manchester, Manchester Metropolitan University and University of Salford, which are all about half an hour away via public transport.
All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.
Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
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