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Underbank

Manchester, United Kingdom

Investment Type: BUY-TO-LET

Est. Completion: Q4 2022

One Bedroom Apartment

£160,000.00

Two Bedroom Apartment

£205,000.00

  • Invest From Just £160,000
  • Stockport Town Centre Location
  • 5 mins Walk To Mainline Train Station
  • 12.5% Developer Protected Deposit
Purchase Process

Investment Highlights

  • Purchase prices from just £160,000
  • Projected rental yields of up to 6%
  • 1960’S Town Hall conversion into luxury, modern apartments
  • Perfectly located close to Stockport town centre and local amenities
  • Close to major motorway links
  • Takes just 5 minutes by train to into the city
  • Merseyway shopping centre just a 4 minute walk
  • Floor to ceiling windows
  • Walking distance to a number of bars and restaurants
  • 12.5% developer protected deposit

Investment Breakdown

  • Leasehold: 250 years
  • Ground Rent: 0.01% of purchase price
  • Service Charge: Estimated £2 per square foot
  • Estimated Completion: Q4 2022
  • Furniture Packs Available From £2500 + VAT

Market Key Facts

  • Stockport experienced a 11.2% growth during 2020 and noticeable demand for suitable housing over the last 5 years.
  • Stockport is currently in the midst of a £1bn regeneration boom.
  • Average prices of homes in Stockport have increased by 19% in the last 5 years
  • Average house price of £278,698 across all property types.

Underbank - Overview

Pure Investor are delighted to present Underbank, a luxury new development ideally located in the growing economy of Stockport, Manchester.

Located just 6 miles south of Manchester within the evolving town of Stockport sits the Underbank development - a former Town Centre HQ commercial building dating back to the 1960’s.

The development comprises 18 apartments with a mix of modern one-bedroom and two-bedroom apartments. The refurbishment has been carefully designed to utilise the existing space and provide added value. As well as providing an openness, the large windows complement the building and allow generous light into the building to create bright, positive living spaces.

Although primarily in a commercial area of town, the development sits conveniently close to the vibrant nightlife and prime shopping districts. With a keen eye for opportunity and a passion for redeveloping, the developer has a vision to execute the refurbishment and re-modification of the former Town Centre HQ into a high-end, cutting-edge, modern living space.

Purchase Process

  • Reserve your unit with a signed reservation form
  • Provide certified ID, proof of address and proof of funds to Pure Investor
  • Pay a £2,500 non-refundable reservation fee
  • 20% deposit due on exchange of contracts
  • Remaining balance due on completion

Underbank - Key Points

Location

Location

Manchester, United Kingdom

Price

Price

£160,000.00

Completion

Completion

Q4 2022

Rental Yield

Rental Yield

Up To 6%

Development Availability

PropertySizeBedroomsPriceEnquire
One Bedroom Apartment475 square foot-£160,000.00Enquire
Two Bedroom Apartment613 square foot-£205,000.00Enquire

Contact Us

If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.

Any Questions?

Call: +44 (0) 161 337 3890

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Underbank - Location

Situated peacefully across from the historic St Peter’s Church, separated by a well maintained square with kept greenery and a water feature lies the former Town Centre HQ commercial building dating back to the 1960’s. Although primarily in a commercial area of town, the development sits conveniently close to the vibrant nightlife and prime shopping districts.

Nearby Amenities

  • Merseyway Shopping Centre - 4 minute walk
  • Stockport Train Station - 5 minute walk
  • Stockport College - 9 minute walk
  • Heaton Norris Park - 10 minute walk
Looking to Sell

Looking to sell your tenanted buy to let property?

Are you considering selling your property with sitting tenants?

Concerned about losing rental income, or paying expensive utility bills for 4-5 months whilst you sell? We specialise in selling properties with tenants in situ, often saving the landlord thousands of pounds in lost rental income.

  • Specialists in selling tenanted properties in the UK.
  • Database of over 30,000 experienced property investors, actively seeking tenanted properties to add to their portfolio.
  • Experienced in working with tenants and lettings agents to ensure smooth transition and good communication throughout.
  • Generate rental income right up to completion of sale and avoid expensive void periods during sales and legal process.

Contact Us

Contact Pure Investor today for a Free Consultation and Valuation for your tenanted property for sale.

Call today on: +44 (0) 161 337 3890

or contact to us via WhatsApp Contact Now

Find out more

Need some help? Request a FREE call back today.

Whether you're a seasoned investor or considering your first property investment, our experienced team are here to help. Arrange a FREE call back from one of our team!

Free Call Back

Call our team today on +44 (0) 161 337 3890

Why Invest

Why Invest in Manchester

Primarily known for the silk industry, Stockport expanded rapidly during the industrial revolution helped by the growth of the cotton manufacturing industries. In the early 19th Century, Stockport’s hatting industry developed a reputation for quality and grew into one of Stockport’s main employers until World War One impacted Stockport’s place in the industry. Since the start of the 20th Century Stockport has moved away from a town dependent on cotton and its allied industries to one with a varied base.

The 21st Century has seen major growth across Stockport, across a variety of professional services including information and communication, administrative and support services, accommodation and food services sectors driving the GVA growth by 7.1% in 2021 with Stockport’s economy valued at £6.2bn.

  • £137 million investment plan for the route linking Manchester and Stockport with Sheffield. The upgrade aims to increase capacity on the route and improve connectivity between areas of the North
  • Stockport council released details of a £530m 12- year transformation of the railway station, featuring a new public square, car park and improved passenger facilities; while the new bus interchange is expected to open in 2023
  • Stockport is currently in the midst of a £1bn regeneration boom. With plans approved for 3,500 new homes and ONE MILLION sq ft of office space in 'cool, green urban village’

Other Popular Developments

Why Choose Pure Investor

Key to the success and growth of Pure Investor in recent years has been our location on the outskirts of Manchester. Strategically located to offer all our consultants easy access to Manchester, Liverpool, Sheffield and Leeds, we are regular visitors to all the major property developments within the key Northern Powerhouse destinations.

We are passionate about the growth and development within these locations, ensuring our consultants have a high level of expertise regarding the development opportunities within these key growth areas. For this reason, many investors choose to speak with Pure Investor first when considering property investment in the North England.

We genuinely believe in working with our clients, providing a high quality of service and information, allowing our clients to make their decision on a more informed basis. As a result of this, an increasing number of investors are choosing to return and utilise our services on an ongoing basis. This is something we are incredibly proud of, and which we are looking to continually improve on in the future.

If you are considering in investing in a property in the North of England, and don't fancy the 'hard sell' approach, please feel free to get in touch on either enquiries@pureinvestor.co.uk or Tel: 0161 660 8261.

We look forward to hearing from you!

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