Pay as you grow

Market price: £167,500.00 Discount: 15% PAYG Price: £142,375.00 Immediate Equity:  £25,125.00 Rental Coverage: 143.28%

Albion Works is situated on the East side of Manchester. These apartments were originally offered to purchasers with a market price of £167,500. Our UK Property Sourcing Division was able to secure a 15% discount for our clients, taking the purchase price down considerably to £142,375. This meant that instant equity of £25,125.00 was achieved on the first day.

This development has been completed to a high standard with additional benefits including landscaped gardens and water features. Rental demand is proving excellent and coverage is achieving a high rate of 143%. Today these properties are fetching prices in the region of £185,000+.

The Albion Works offered a fantastic opportunity for our clients. Close to the conservation area Ancoats (recently short listed as a world heritage site), our due diligence showed the demand for housing is likely to double in the next 10-15 years to 60,000. This has created a strong demand for 12,500 new homes to be built. With a 160 hectare business park and 120,000ft retail shopping area, the demand for rental property will be high with a good proportion of tenants with business professional status. This development is in a perfect location for both outer and inner city rental due to the excellent transport system, and a planned metro link into the City Centre which will be located just outside Albion Works.

Albion Works demonstrates our ability to bring excellent off-plan investment properties with genuine discounts, good rental coverage and future capital growth.