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2 bed flat for sale

£175,000

Newton Street, Manchester M1

2 bed flat for sale 2 2 1
Interested in this property? Call +44 20 8166 2739 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Tenant in situ
  • Prime location
  • Northern quarter location
  • Abundance of nearby amenities
  • Excellent transport links
  • Perfect for investors or owner occupiers
  • £800 pcm rental income

Property description

**excellent location**high rental demand**stunning specifications**tenant in situ**

The wentwood

Located on Newton Street in Manchester's Northern Quarter, The Wentwood Manchester is a stylish and spacious grade 2 listed Victorian warehouse conversion. It has been transformed into 108 luxury apartments, all with high ceilings and large windows that reflect its previous use as a prestigious Ministry of Defence office.

The Wentwood Manchester has a range of accommodation, access to local amenities and is conveniently situated close to Piccadilly train station, bus station, metro line and also within easy road links out of Manchester

location

The Wentwood is situated in one of Manchester's most well-known and prime locations - the Northern Quarter. Residents of The Wentwood enjoy access to some of the best shops, bars, restaurants, and transport links and also benefit from having access to the thriving city life.

Tenure

This property has 103 years remaining on the lease, with an estimated service charge of £3,217.16 per annum and ground rent charge of £400 per annum.

Property highlights

tenant in situ

Prime location
high tenant demand
completed development
access to nearby amenities


For more information, contact north property group today

North Property Group is an independently owned sales, lettings and property agency with more than 20 years of experience. We work exclusively for the benefit of our clients to help you buy, sell, let or rent the best properties across the UK.

Property info

Property value data/graphs for M1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £570,234 - 2.0 -
Semi-detached £134,455 - 2.5 -
Terraced £311,558 £286 2.8 £374,480
Flats £238,929 £335 1.8 £224,815

Current asking prices in M1

Average: £277,203
Avg. current asking prices in M1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £325,000
(1)
- £685,000
(1)
-
Flats £214,595
(192)
£335,351
(192)
£466,743
(8)
- -
All £214,595
(192)
£335,298
(193)
£466,743
(8)
£685,000
(1)
-

Current asking rents in M1

Average: £1,664 pcm
Avg. current asking prices in M1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £2,126 pcm
(2)
£2,730 pcm
(3)
- -
Flats £1,470 pcm
(75)
£1,849 pcm
(99)
£2,349 pcm
(9)
- -
All £1,470 pcm
(75)
£1,854 pcm
(101)
£2,444 pcm
(12)
- -

Fun facts for M1

Highest value in M1
Highest value streets Zed-Index
Whitworth Street West £344,576
River Street £302,589
Chepstow Street £300,537
Piccadilly £280,460
Brewer Street £270,752
Highest turnover in M1
Highest turnover streets Turnover
Whitworth Street West 23.8%
George Street 22.0%
Bloom Street 21.7%
Brazil Street 20.0%
Hilton Street 19.4%
Arrange Viewing

For more information about this property, please contact
North Property Group Ltd, N1 on +44 20 8166 2739 * (local rate)

Monthly running costs Beta

£920 Monthly total

Mortgage

Purchase price
Deposit (10%) 17,500
Repayment term 25
Interest rate 2.0
Your payment £667 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Contents value up to £100,000 Average insurance cost £10/mo (£117/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £20 Electricity £35 Estimated energy cost £55/mo

Similar properties could save up to £148

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 7600 kWh/year
Electricity: 2400 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Manchester

Estimated tax band D Council tax cost £150 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £19 Sewerage £19 Estimated water cost £38 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact North Property Group Ltd about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by North Property Group Ltd, and do not constitute property particulars. Please contact North Property Group Ltd for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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