Buying a property off-plan, or, under construction can provide an exceptional investment opportunity for buy-to-let property investors.
The main benefit is to secure an excellent price below market value, locking in instant equity, in particular for key cities such as Manchester.
Buying off-plan is how our buyers have been able to capitalise from high levels of capital growth that far outweighs the market average, with as much as 50% return on their capital.
The benefits of investing off-plan are clear, however, not all properties are as good as the next. In fact, we pass in many opportunities that we are offered.
So, what should you look for, or, consider, when making a decision on an off-plan purchase to enjoy the many benefits, but mitigate your risk? Below are our top 3 points to consider:
We work with a number of hihghly reputable and well funded property developers, who build high-quality developments in areas of high price and rental growth.
Salboy are one of the leading UK property developers who specialise in the Salford and Manchester property market.
Uniquely, Salboy started off as a development funder and are in an advantageous position where they completely fund their own developments, eliminating a huge amount of build risk for property investors.
Salboy have an enviable track record for delivering first-class developments that are completely design focused , on-schedule and without compromise. The attention to detail within the apartments ensure that they are hugely appealing to the rental market, offering high-quality and flexible accommodation to meet the needs of its residents.
The facilities at each development are in-line with a five star hotel, which typically include a private gym, yoga studios, cinema room, co-working space, landscaped gardens, with some developments offering a swimming pool. It comes as no surprise that during the pandemic, the developments rental rates remained highly consistent.
Fifty5ive Queen Street is one of the latest developments by Salboy, ideally situated between Manchester city centre and Salford, so residents can enjoy the best of both worlds.
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