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©2017-2018 by Quantum Property Solutions

Why invest in the Manchester area?

Manchester, the capital of the North. Renowned for a glorious industrial heritage, it is now known through out the world for its sporting prowess, music scene and arts culture.

It is the driving force of the Northern Powerhouse, a government backed programme of investment that looks to unite the 15 million strong population into a force to rival London and the SouthEast.

It is proving to be very attractive to investors throughout the UK

  • Strong backing from lenders such as HSBC
  • Population growth is 3 times higher than the national average (up 19% from 2001-11)
  • Low levels of housing stock are driving yields and capital growth
  • There is a high graduate retention rate, an expanding job market and acclaimed nightlife - Generation Y is very happy in Manchester
  • A £1Bn airport expansion will more than double the passenger capacity to 55M per annum

 

The Opportunity

 

Quantum Property Solutions and Pennine Investments are delighted to offer this 2-bedroom mid-terrace, conveniently located in Rochdale. This is an excellent opportunity for passive income whilst also offering plenty of equity if you wish to sell. The property benefits from:

 

  • Entrance
  • Lounge
  • Kitchen
  • 2 Bedrooms
  • Bathroom
  • Gas Central Heating
  • No chain
  • Main road location
  •  

Town is just 15 minutes away by car. The local primary school is rated as “outstanding” by Ofsted and only a 2 minute walk from the property. Co-op and Tesco supermarkets are less than a 2 minute drive away and The Royal Oldham hospital is around 11 minutes away with the Rochdale Infirmary less than 25 minutes drive.

 

Refurbishment

We are awaiting a refurbishment quote from our building team but we expect this to be in the region of £10,000+VAT. We will update the brochure as soon as the price is confirmed.

 

Financials

OPTION A: Refurb and rent out

Total investment (inc. refurb, stamp duty, legals): £77,950

Annual Rental Income: £6,300 gross, £2,989 nett (assuming 10% management fee & 5.5% mortgage)

This equates to 26% return on money left in the deal.

 

OPTION B: Refurb and Flip

Total investment (inc. refurb, stamp duty, legals): £77,950

Resale price (after refurb): £90,000

This generates a gross profit of £12,050

 

Comparables - all terraced properties

  • June 2017: a 2 bed/1 reception property sold for £93,000 (0.2m away)
  • Feb 2017: a 2 bed/1 reception property sold for £85,000 (0.2m away)
  • Mar 2017: a 2 bed/2 reception property sold for £85,000 (0.1m away)

 

Interested? Here’s what you need to do next

Download the brochure for full details on how to connect with your Quantum Agent and secure this property for yourself.

 

 

 

Rochdale 2-bed Mid-terrace £65,000

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