Buying in Manchester right now is a profitable choice. It's growing economy and a population of 2.73 million people already makes Greater Manchester the largest economic hub, after the capital.
Manchester's population growth is three times the national average
£14 Billion proposed HS2 rail will cut train travel time between Manchester and London to an hour
Highest capital growth predicted in the country over the next five years
£800 million airport expansion bringing more jobs to the bustling city
80,000 new residents predicted by 2033
98% rental occupancy in 2016 in the city
60,000 new homes planned by 2027
£650m Media City 200 acre business hub for media, digital and creative
95,000 students from the UK & overseas choose to study in Manchester each year
80 members of the FTSE 100 have a presence in Manchester
Manchester is overtaking the level of property growth and sales in London and the southern towns
Sources: Alliance Investments, JLL and Savills
The apartments at The Hallmark offer the high capital growth potential, at a time of rising demand for properties in Manchester.
You could benefit from capital growth if you purchase at Hallmark. The table below demonstrates the potential returns when investing.
The figures below demonstrate the potential return on cash invested when buying a two bedroom apartment at The Hallmark for £280,000 with a 25% deposit (£70,000) and a 75% mortgage (£210,000) and showing a conservative increase in property values (capital growth) at a rate of just 3% per annum.
(For Potential Capital Growth, JLL predict price increases of 28.2% between 2017 - 2021 in Manchester - an average of 5.64% per annum)
|Cash amount invested (25%)||£70,000|
|Mortgage required (75%)||£210,000|
|After 5 years|
|Increase in property value||£29,465|
|Gross return on initial £70,000 cash invested||64%|
|After 10 years|
|Increase in property value||£96,296|
|Gross return on initial £70,000 cash invested||138%|
|After 20 years|
|Increase in property value||£225,711|
|Gross return on initial £70,000 cash invested||322%|