Balderstone Place - Rochdale - Lancashire
Profit from a local 'Hotspot'
with more growth to come - and still at low, low prices!
Quick highlights
- Low cash outlay required
- Great for first investment or to add to portfolio
- Manchester is only 16 minutes away by train and Metrolink under development
- Expanding area set to boom with completion of Metrolink
- Prices start from only £95,200
- 15% discount for investors
- Only 5% deposit
- Completing September 2005
- Good size two bedroom apartments from 630sq ft
"... amazingly low prices compared to other local new developments or even resales!"
The development
Balderstone Place is a pleasant development of apartments in a popular part of Rochdale, conveniently positioned for Rochdale town centre and M60, M65 and M66 motorway links, via Junction 20 on the M62.
The apartments are arranged in five separate blocks to provide a more individual feel. Allocated parking spaces are included.
Each unit has been well designed with two good size bedrooms increasing the potential to rent to either two individual people or a couple looking for space.
Location
Rochdale is situated just to the north of Manchester and is only 16 minutes away by train. It occupies a dramatic location on the edge of the Pennines offering spectacular views of open moorland while to the south and west are pleasant river valleys, woodlands and meadows. Rochdale town features a thriving mixture of industry and commerce and a variety of modern and traditional shopping facilities
Some facts* encouraging future growth
- Fact: Rochdale has a population of 206,000 with a high proportion of 30-44 year olds
- Fact: The number of households is set to grow by 7.6% (92,491) by 2021
- Fact: Average house prices have risen by over 100% in the last ten years
- Fact: The new Metrolink under development to Manchester will boost demand further
*Facts provided by provider.com, Case for Improvement Rochdale Council, 2001 & 2001 Government census.
With at least three motorways easily accessible, and three airports, Manchester, Liverpool and Leeds all within a hour and Manchester City Centre only 16 minutes away by train, access is easy for commuting or for longer journeys.
Specification
Each apartment will offer a good level of specification to include
- Stainless steel oven, hob and cooker hood
- Washer dryer
- Wood effect flush doors with chrome furniture
- Contemporary white sanitary-ware to bathrooms
- Choice of tiles (subject to stage of construction)
- Audio/visual door entry system
- Burglar alarms to all apartments
- Landscaped communal gardens
Whether you are looking to make your first purchase or adding to an existing portfolio, Balderstone Place provides an opportunity with a low entry cost.
Price and availability
| Apt | Floor | Apartment type | Area Sq Ft | List Price | Discount Price | Instant Equity |
|---|---|---|---|---|---|---|
44 |
Ground |
2 bedrooms |
630 |
£112,000 |
£95,200 |
£16,800 |
45 |
Ground |
2 bedrooms |
630 |
£112,000 |
£95,200 |
£16,800 |
46 |
Ground |
2 bedrooms |
680 |
£119,000 |
£101,150 |
£17,850 |
49 |
1st |
2 bedrooms |
630 |
£116,000 |
£98,600 |
£17,400 |
50 |
1st |
2 bedrooms |
680 |
£123,000 |
£104,550 |
£18,450 |
52 |
2nd |
2 bedrooms |
630 |
£120,000 |
£102,000 |
£18,000 |
53 |
2nd |
2 bedrooms |
630 |
£120,000 |
£102,000 |
£18,000 |
54 |
2nd |
2 bedrooms |
680 |
£128,000 |
£108,800 |
£19,200 |
56 |
3rd |
2 bedrooms |
770 |
£135,000 |
£114,750 |
£20,250 |
57 |
3rd |
2 bedrooms |
770 |
£135,000 |
£114,750 |
£20,250 |
* Prices correct at publication. Apartment sq/ft sizes provided by developer. Please check prior to reservation.
Conditions of sale
- Reservation Fee £500
- Arrangement Fee 2% of list price - payable immediately
- 5% deposit payable immediately
- The balance on completion - expected September 2005.
Example
Apt # 6 - 80% LTV Mortgage |
|
|---|---|
| Reservation Fee | £500 |
| Arrangement Fee | £2,400 |
| Mortgage Broker Fee | £995 |
| Deposit | £5,025 |
| Legal Expenses | £700 |
| Total Outlay | £9,620 |
| Net Equity | £23,025 |
| Instant Profit | £13,405 |
Apt # 6 - 85% LTV Mortgage |
|
|---|---|
| Reservation Fee | £500 |
| Arrangement Fee | £2,400 |
| Mortgage Broker Fee | £1,005 |
| Deposit | £5,025 † |
| Legal Expenses | £700 |
| Total Outlay | £9,630 |
| Cash back on completion | £5,025 |
| Net Investment | £4,605 |
| Equity | £18,000 |
| Instant Profit | £13,395 |
† Should you secure an 85% LTV mortgage over the apartment, You will receive your deposit as a cash-back on completion.
Disclaimer
The details contained in this brochure are for guidance only. Any photographs, illustrations, plans and sizes, only give a general indication of the proposed development. The developer operates a policy of continuous development and features, specifications and external treatments may vary. The developer reserves the right to alter any part of the development. Particulars described in this brochure should not be relied upon as accurately describing any specific matters. Tables, projections and profit forecasts, are provided for illustrative purposes only. Property values and assumed rentals can decrease as well as increase. No express or implied income claims are made herein. Neither The Investment Property Centre nor any of its partners, directors, employees or representatives will be liable for damages arising out of or in connection with the use of information provided in this document.
The Investment Property Centre is not providing financial advice under the regulations of the Financial Services Authority and we recommend that before making any decisions based on the information provided, that you should consult with either the specialist advisors introduced to you by The Investment Property Centre or take independent legal and financial advice.
Please note that any information we provide is based on current market conditions and research conducted by The Investment Property Centre. We cannot be responsible for future changes in the market or market conditions. Mortgage applications are subject to individual status and no guarantees can be made that any particular applicant will obtain a mortgage on these properties or the value of the mortgage they will be able to obtain.
Suite 123 | 111b
Piccadilly | Manchester M1 2HX