Basics
- Category: Manchester
- Type: Apartments
- Status: Off-Plan
- Completion: Near Completion
- Bedrooms: 1 Bed, 2 Beds
- Gross Yields: 14%
Description
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Description:
The Bailey is a modern development comprised of 104 one- and two-bed apartments situated alongside St George’s Park with views of Deansgate to the northeast. Located between Trafford and Manchester City Centre, The Bailey is expected to be extremely popular with tenants. The Manchester Metropolitan University and The University of Manchester are only a mile from the development - a walkable distance for many of the students that continue to underpin Manchester’s robust rental market. Deansgate train station is also only a 15-minute walk away and in under 5 minutes the nearest bus stop can provide residents with convenient access to all the city has to offer.
Investment Highlights
- Investment Highlights: AST lets can yield up to 6.5%, presenting an attractive investment opportunity. This development is one of only a handful of STL approved projects in the Manchester area. For short-term lets, yields can reach up to 13.5%, making it a lucrative option for investors. With a modest 10% deposit requirement, entry into this investment opportunity is accessible. Additionally, the development boasts low service charges, enhancing its appeal to potential buyers. Moreover, the price per square foot is remarkably low considering its prime location.
Location Highlights
- Location Highlights: Situated in Hulme, The Bailey benefits from being within a reasonable walking distance into Manchester city centre but is much more affordable. Being only 5 minutes from Cornbrook tram stop, 7 minutes from Old Trafford and 10 minutes from the City Centre, The Bailey is one of the best value for investment properties in Manchester. The Bailey is walking distance to everything Manchester has to offer, if tenants prefer public transport then it gets even better due to Manchester's fantastic metro link tram service. It is also ideal for families as the first school in the Manchester city centre will be built in the area for children whose families live in this postcode