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The Loom at Vulcan Mill

Manchester, United Kingdom

Investment Type: BUY-TO-LET

Est. Completion: COMPLETED

  • Available from £256,000
  • 89 contemporary one and two bed apartments
  • 100 meters from New Islington’s Metrolink Station
  • Estimated rents up to 5%
  • Recently completed to high standard
Purchase Process

Investment Highlights

  • Pries from £256,000
  • 89 contemporary one and two bed apartments
  • 32 allocated parking spaces
  • On the door step to New Islington’s Metrolink Station
  • 1 kilometre from Manchester Piccadilly
  • Great potential capital growth
  • Investor Friendly Payment Plan

Investment Breakdown

  • Leasehold: 250 years
  • Ground Rent: £250 per annum
  • Service Charge: estimated £1.94 per square foot
  • Lettings Fee: 10% plus VAT
  • Estimate Completion: Completed

Market Key Facts

  • Projected sales price growth in Manchester over the next 5 years: 17.1% (Source - JLL)
  • Projected rental growth forecast over the next 5 years: 16.5% (source – JLL) 
  • Average net yield in Manchester: 4.25%
  • Average sales price in Manchester (2 bedroom flat): £257,000

The Loom at Vulcan Mill - Overview

Pure Investor would like to present the latest completed development in Manchester, The Loom at Vulcan Mill. Once home to one of Manchester’s major metalworks factories, The Loom at Vulcan Mill is a contemporary development in the Islington district.

The Loom at Vulcan Mill comprises of 89 one and two-bedroom apartments, with high-end interior designs and stylish exterior brickwork. Making the development gracefully interweave Manchester’s recent transformation alongside remembering the areas cotton milling heritage. The Loom at Vulcan Mill also benefits from being set within a stunning green neighbourhood along Ashton Canal and a Metrolink station just a 2-minute walk from the site.

Purchase Process

1. Reserve with a £2,500 reservation fee
2. Instruct solicitors
3. Balance on completion of contracts

The Loom at Vulcan Mill - Key Points

Location

Location

Manchester, United Kingdom

Price

Price

N/A

Completion

Completion

Completed

Rental Yield

Rental Yield

Estimated yields of 5%

Video - The Loom at Vulcan Mill

Development Availability

Sorry, we don't have any availability in this development at the moment. Please contact our team for more details.


The Loom at Vulcan Mill - Construction Updates

Contact Us

If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.

Any Questions?

Call: +44 (0) 161 337 3890

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The Loom - Location

New Islington is a regeneration area which is located a mere 15 minutes from the business and leisure hotspots within the city centre. The regeneration zone has seen vast improvements in the Piccadilly Basin and Ancoats areas, with stunning new developments and transportation links. The Loom at Vulcan Mill is perfectly located just 100 meters from the New Islington Metrolink station, making commuting extremely easy for residence with central Manchester accessible in just 2 minutes.

Nearby Amenities

New Islington Metrolink – 2 min walk
Piccadilly train station – 12 min walk
Northern Quarter – 13 min walk
Manchester Arndale – 21 min walk

Looking to Sell

Looking to sell your tenanted buy to let property?

Are you considering selling your property with sitting tenants?

Concerned about losing rental income, or paying expensive utility bills for 4-5 months whilst you sell? We specialise in selling properties with tenants in situ, often saving the landlord thousands of pounds in lost rental income.

  • Specialists in selling tenanted properties in the UK.
  • Database of over 30,000 experienced property investors, actively seeking tenanted properties to add to their portfolio.
  • Experienced in working with tenants and lettings agents to ensure smooth transition and good communication throughout.
  • Generate rental income right up to completion of sale and avoid expensive void periods during sales and legal process.

Contact Us

Contact Pure Investor today for a Free Consultation and Valuation for your tenanted property for sale.

Call today on: +44 (0) 161 337 3890

or contact to us via WhatsApp Contact Now

Find out more

Need some help? Request a FREE call back today.

Whether you're a seasoned investor or considering your first property investment, our experienced team are here to help. Arrange a FREE call back from one of our team!

Free Call Back

Call our team today on +44 (0) 161 337 3890

Why Invest

Why Invest in Manchester

In recent years Manchester and Salford have undergone significant regeneration programmes which have led to a thriving economy and rental market.

Manchester itself is a buy-to-let hotspot with international recognition as huge numbers of young people flock to the city, pushing up property prices and increasing demand for luxury apartments.

Manchester has great rail connections, with three major train stations in the city centre and London being just two hours away. The new High-Speed Railway, HS2, will ensure great connections to the capital and halve the journey time.

  • Between January and March 2015, 1,393 new companies launched in Salford (an 85% increase on the previous year)
  • 140,000 people currently work in the City centre
  • There will be 55,000 new jobs created in the city by 2025
  • Sold prices in Salford have increased by 19% over the last year
  • £1.5 billion is being invested into developing Greater Manchester’s rapid transit network

Other Popular Developments

Why Choose Pure Investor

Key to the success and growth of Pure Investor in recent years has been our location on the outskirts of Manchester. Strategically located to offer all our consultants easy access to Manchester, Liverpool, Sheffield and Leeds, we are regular visitors to all the major property developments within the key Northern Powerhouse destinations.

We are passionate about the growth and development within these locations, ensuring our consultants have a high level of expertise regarding the development opportunities within these key growth areas. For this reason, many investors choose to speak with Pure Investor first when considering property investment in the North England.

We genuinely believe in working with our clients, providing a high quality of service and information, allowing our clients to make their decision on a more informed basis. As a result of this, an increasing number of investors are choosing to return and utilise our services on an ongoing basis. This is something we are incredibly proud of, and which we are looking to continually improve on in the future.

If you are considering in investing in a property in the North of England, and don't fancy the 'hard sell' approach, please feel free to get in touch on either enquiries@pureinvestor.co.uk or Tel: 0161 826 4606.

We look forward to hearing from you!

Related News & Development Information

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