3 Room Apartment in the City Centre, Manchester

An opportunity to invest in a 3 room apartment in the city centre of Manchester, England. This investment will include the fully-managed service by Propdo.


Purchasing through Propdo will save you 8% off the purchase price


Three room apartment in the "Uptown" residential project, being developed by Alliance Investments in central Manchester. The project delivers the convenience of living in an urban, gated community, from a stylish waterfront location and is a short walk from the city centre of Manchester. Financing is available (details below).

3 Room Apartment in the City Centre, Manchester

An opportunity to invest in a 3 room apartment in the city centre of Manchester, England. This investment will include the fully-managed service by Propdo.


Purchasing through Propdo will save you 8% off the purchase price


Three room apartment in the "Uptown" residential project, being developed by Alliance Investments in central Manchester. The project delivers the convenience of living in an urban, gated community, from a stylish waterfront location and is a short walk from the city centre of Manchester. Financing is available (details below).

Apartment Price  
£327,141  £300,970

Apartment Size
74 sqm

Property Developer  
Alliance Investments

Delivery Date
Third Quarter 2020

Floor
1

Parking  
Optional

Furnishing  
£4,500

Legal Costs  
£4,000

Propdo Fees  
5% + VAT

Payment Plans
Flexible

Equity
From £90,291

Investment Yield
6%

Apartment Price  
£327,141  £300,970

Apartment Size
74 sqm

Property Developer  
Alliance Investments

Delivery Date
Third Quarter 2020

Floor
1

Parking  
Optional

Furnishing  
£4,500

Legal Costs  
£4,000

Propdo Fees  
5% + VAT

Payment Plans
Flexible

Equity
From £90,291

Investment Yield
6%

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England's economy is one of the largest and strongest in the world and is certainly the largest of the four countries in the United Kingdom. London, the capital, is the largest financial centre in Europe and the second largest in the world. In the 18th century, England was the pioneer of the Industrial Revolution and is now one of the most industrialized countries in the world. The tourism industry in England is thriving and visit due to its rich history, royal rule to this day, its unique architecture, tradition and culture.


Uncertainty surrounding the United Kingdom's exit plan from the EU (Brexit) has led to a gradual weakening of the English pound, which is giving foreign investors high purchasing power that can be used to accumulate assets in the country. Once the cloud over Brexit has vanished and the situation becomes more clear, the pound can be expected to recover and thus support foreign investors' investments. According to JLL's leading "The Investor" magazine, more and more foreign investors are turning to the real estate market in the United Kingdom, which has shown high returns in recent years, and is expected to continue to rise in the long run.

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Greater Manchester is positioned in North West England and is the third most populated region in the UK, after Greater London and the West Midlands.

The Gross Value Added in the Greater Manchester region is £62.9 billion, which puts the region behind Greater London as the 2nd largest in the country. Furthermore, the business operating costs are regarded as 40% lower than London which make the city more attractive for foreign direct investments.


The Northern Powerhouse program is designed to encourage economic growth of Northern England, particularly in the core cities of Manchester, Liverpool, Leeds, Sheffield, Hull and Newcastle. This proposal includes improvements in transport and investment in science and innovation. The government's investment in the northern development will contribute towards strengthening educational institutions, research bodies, start-ups and the job market; This will increase the region's gross value added (GVA) by over 6.6 billion pounds.

In addition, by 2020, more than 13 billion pounds will be invested in the transportation industry to improve and add to its infrastructure. Additionally, it will create a streamline public transport network and improve the motorway connection between the north and south. All of these are expected to attract tourists, and foreign and local investors.

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Greengate is a district in the city centre of Manchester, but is geographically located in Salford. It is bounded by the River Irwell, Victoria Bridge Street and Chapel Street, Blackfriers Road and Trinity Way.

Greengate is the oldest area within Salford and is situated in the easternmost part of the City of Salford. The district is currently benefiting from a significant amount of development and its benefiting from a growing economy.

The former Victoria Bus Station has been redeveloped and includes Greensgate square that is comprised of various hotels, retail and office space and is home to an amphitheater.

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Characteristics: The Uptown project comprises of three buildings that rise to different heights, with ascending communal and private rooftop terraces that mirror the form of a green river bank. It houses 156 apartments, mixed with 2-3 room units. The project includes a gym, commercial and leisure space and private secure parking.


Location: The project is situated in the Greengate neighborhood, which lies in the city centre of Manchester, but is geographically in the city of Salford. The area is well served by various amenities, from commercial and industrial space to convenience stores and bars. The project is also well served by various transport links to travel both around the city and nationwide. Both Manchester Victoria and Salford Station are in close proximity.


The Developer: Alliance Investments are the biggest property development company in Manchester and one of the largest in the northwestern region. The company has developed £1.5 billion worth of real estate over a period of 30 years.

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As part of Propdo's services, investors interested can apply for financing to purchase the property. The process is as follows:

Step one: Opening a bank account in one of the British Crown's Offshore Account areas.

Step two: Check eligibility and fill out forms for a UK Bank International Mortgage.

Step three: Obtain a buy-to-let mortgage at 75% of the price for a period of up-to 35 years.

Please note that opening the account and obtaining the mortgage are subject to individual approval by various banks and / or financial bodies.

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  • The Housing Price Index (HPI) in the United Kingdom has been rising steadily since 2014. Similar to this upward trend, housing prices in Salford have increased by an average of 30% since the economic crisis and continue to rise in accordance to prices across the UK.
  • As of the year of 2019, housing prices in the Greater Manchester region increased by 3.85%, whereas the housing prices throughout the UK showed an average of only 2.2%. Based on the above, an increase in housing and rental prices in this region can be predicted.

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