Wardour Point, Manchester
- Up to 20% Below Comparable New Build Market Values
- +6% Projected Income | Two Beds From Only £236,284
- 2% Interest On Deposit With Full Protection | Completing Q2 2023
- Stamp Duty Contribution Incentives
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Why Invest In Wardour Point?
Wardour Point in Manchester offers property investors the chance to buy into one of the UK’s strongest residential property locations. The new development offers 183 luxury apartments spread over 25 floors with stunning views directly across Manchester city centre.
According to JLL, Manchester offers the highest forecast capital growth and rental price rises of the entire UK over the next 5 years. Savills also forecast the North West region to grow by 27.3% by 2025, the most impressive in the UK.
The pricing of Wardour Point represents phenomenal value for property investors with it being priced significantly lower than alternative new build developments nearby.
By getting in early buyers can expect discounts of up to £30,000.
We have a range of incentives available please get in touch to hear more!
There is a deposit protection bond in place securing the 30% deposit, ensuring investors can proceed confidently. Please contact the team for specific details.
Communal landscaped gardens, a large onsite gym, residents lounge, 24/7 concierge and high-end interior specifications make the Wardour Point desirable to tenants.
In addition, property investors can take their pick of the most attractive units in the whole building, including unique layouts, duplexes, balconies, or just those with the most stunning views.
UK House Price Index: Manchester was the UK's best performing city at +5.7% growth per annum
Frequently Asked Questions
Below you can find a range of common questions from previous investors. If you require specific details and advice please do not hesitate to contact us today.
The deposit required on the exchange of contracts for Wardour Point will be 30% of the property value. This is all that will be required until project completion when the remaining balance would be due either via cash or mortgage. In addition, all deposits will earn 3% interest per annum and will also be secured via a deposit protection bond, providing complete peace of mind.
Wardour Point is a traditional residential development with minimal charges for fees such as ground rent, meaning mortgage providers will likely have no lending issues. Contact the team for further information, we can assist with both resident and non-resident property buyers looking to use a mortgage.
The lease is 250 years, which will present no issues to buyers.
Yes, dedicated car parking spaces can be purchased.
There are plenty of advantages to buying off-plan that far outweigh the wait for the property to be complete.
First, buying off-plan provides property investors with a strong opportunity to benefit from significant capital growth during the construction period on the full property value, whilst only putting down a 30% deposit.
Secondly, off-plan buyers will benefit from a large discount on a brand new apartment, which comes with a 10 year new-build warranty.
And furthermore, buyers will have the pick of the most desirable units in the building, meaning void periods will be minimised and attractive rents can be charged.
What does our founder, Nick, think of Wardour Point?
“Wardour Point is a fantastic choice for property investors that are focused on long-term capital growth. By purchasing off-plan, at the early stage of the sales process, at a genuine below market value rate that is £30,000 cheaper than comparable developments nearby, in an area of regeneration and in the city that’s forecast the highest capital growth in the next 5 years across the entire UK, all means investors can expect strong value increases in the medium to long term.
Security is a big factor for many investors, especially with COVID at the forefront of most people’s minds. So buying into a project with full deposit protection, from an experienced development team and in a scheme where construction has already started means investors can limit risk significantly.
All in all, considering both the construction security and long-term potential return, Track Capital is confident in recommending this development to our trusting network of property investors.”
Nick Hyland, Founder & Director