Property type: One, two and three-bedroom apartments
Asking price: £116,000 - £305,000
Monthly rent: £640 - £1,060 pcm
Yield: 5.8 per cent (average)
Our top investment opportunity this month comes in the shape of this exciting future development in Salford, just minutes from central Manchester.
Cyberquay is an ambitious project that will see 204 new housing units - comprising a range of one, two and three-bedroom apartments - built in a prime location in the city. Completion is scheduled for 2017, but the apartments are available to reserve now and a deposit can be paid.
Each of the apartments will benefit from being part of a fully-serviced and maintained scheme, making them attractive to executives and young professionals seeking hassle-free city centre living. They will also enjoy access to a fully-fitted gym, a 24-hour concierge service and a communal rooftop garden.
Luxury developer Villafront is responsible for delivering the landmark scheme. The company is renowned in the north-west for its work on a number of high-profile developments and a range of sophisticated properties.
So why does Cyberquay present such a good opportunity for investors?
The development includes apartments suited to varying budgets, with the one-bedroom homes up for sale with an asking price from £116,000, while the larger properties are available at up to £305,000.
Regardless of an investor’s choice of apartment, they can be confident of achieving a great return. The expected average yield of 5.8 per cent marks this out as a lucrative project that will appeal to buyers whether they are looking for a short-term return or long-term growth.
Monthly rents are also predicted to be strong, ranging from £640 to £1,060 depending on the size and status of the apartment in question.
For more information on the Cyberquay development and for local buy-to-let advice, please contact Leaders in Manchester on 0161 834 3444 or visit the branch at 227 Deansgate.