ALEXANDRA STREET - zestpropertymanagement.co.uk · 2021. 2. 19. · 2 Multi-let Property Appraisal ALEXANDRA STREET The largest city in the North West and increasingly regarded as

I N V E S T & R E L A X

Multi-let Property Appraisal

A L E X A N D R A S T R E E T

Multi-let Property AppraisalA L E X A N D R A S T R E E T

www.zestportfoliobuilder.co.uk 1

Welcome to Z E S T P O R T F O L I O B U I L D E RDear Zest Client,

My name is Joshua Keegan, Acquisitions Director of the Zest Group.

It is with great pleasure that we are sending you this opportunity to invest with Zest Portfolio Builder.

This document provides a complete overview of a brand new opportunity available to you, including an insight into local market conditions and detailed financial analysis.

As you know, we are the leading providers of professional house share accommodation in Greater Manchester. We know the local market in which the opportunity is located very well. This gives us certainty of the solid and sustainable returns that this opportunity will generate.

We are delighted to say we have now secured this property and are in a position to start developing into an income generating asset.

Assuming you are in a position to progress, subject to structural site surveys and full costings, please confirm you would like us to proceed in writing via email to myself.

The team at Zest are excited to get started, and look forward to working with you!

Kind regards

Josh KeeganAcquisitions Director [email protected]



The largest city in the North West and

increasingly regarded as the UK’s

second city, Manchester is a vibrant

regional capital which plays a pivotal

role in the economic and cultural life

of Northern England.

With a population of more than

2.7 million within Greater Manchester

– the city where industry was born

remains at the forefront of innovation

in business and science, with a vast

student and professional population

adding to its reputation as one of

Europe’s most forward-looking

urban centres.

A city of unrivalled opportunity

Manchester’s reputation as the ultimate university city

is matched by its status as a major centre for business

and professional services. Around 14,500 businesses

launched in the city during 2015, attracting

ever-growing numbers of young professionals1.

Employment has grown by 68,154 since 20102, and

professionals at Oxford Economics have estimated

that there will be a net gain of 110,000 new jobs

across Greater Manchester by 20243.

The transport infrastructure is ideally structured to

serve visitors and the residents alike. Three main

railway stations, a major international airport and the

acclaimed Metro Link tram system provide excellent

links across the city and beyond. The M60 circular

motorway ensures swift connections with the rest of

the UK by road.

All of this adds up to a significant opportunity

for investors. It’s hardly surprising that, in 2015,

Manchester was highlighted as the UK city with

the biggest yield in buy-to-let investment4.

M A N C H E S T E RA thriving progressive city



W H Y I N V E S T I N M A N C H E S T E R ?

Exceptional buy-to-let yields

Some of the UK’s highest yields are available in

Manchester – and critically, residential property

is undersupplied. Sustained investment in a key

city of the ‘Northern Powerhouse’ suggests that

Manchester’s growth cycle has only just begun.

Growing population

Between 2001 and 2011, the population of Manchester

grew by 19%5 – three times the national average. As

the population of the city rises, the demand for property

will also increase – leading to an inevitable escalation in

rental rates and property prices.

One of Europe’s biggest student cities – where graduates stay putThe exceptionally large student population has a

strong knock-on effect to the booming professional

rental market. The Higher Education Careers Services

Unit reports that when their studies were complete,

more 2012/13 graduates remained in the North

West6 than any other region of England outside

of London. The city’s abundance of graduate jobs

attracts still more from outside the area. Of all

residents moving into the city centre in the decade

to 2011, nearly 60% had degrees – and the majority

of these graduates were aged under 357.

A young workforce

Job growth continues in key areas such as the

financial, technological and creative industries.

This prompts an influx of young adult workers in

the so-called Generation Y demographic. In 2014,

18.6% of the population was aged 16–24, with a

further 33.6% in the 25–44 age group8.

More visitors

Improving rail and air links bring higher numbers

of visitors and business travellers. This is set to

continue well into the future, with HS2 bringing travel

time between Manchester and London down to just

over 60 minutes. This will boost the demand for

private rental accommodation in Greater Manchester

even further.



Higher job growth than London

In the year to April 2015, the CV-Library job-posting

site reported a 47% increase in Manchester-based

job ads. This compares to 42% growth over the

same period in London9.

The best UK city to live in

2015 was the second year running that the

Global Liveability Survey10 named Manchester as

the best UK city in which to live. The evident rebirth

of the city’s shopping, cultural and sporting facilities

has seen more and more people choosing to live

in its most central areas. Characterful districts such

as The Village and the Northern Quarter abound

with leisure, dining and nightlife possibilities to

suit all tastes.

The Media City factor

The BBC’s move north reinforced Manchester’s

reputation as a highly desirable place to live and

work... bringing with it new jobs, fresh investment

and an increase in regeneration projects.

1. www.manchestereveningnews.co.uk/business/special-report-more-14000-businesses-9639546

2. www. forevermanchester.com/manchester-leaders-job

3. www.neweconomymanchester.com/news-events/news/greater-manchester-can-expect-to-gain-110-000-new-jobs-over-next-decade

4. www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/11633681/Buy-to-let-hotspots-for-2015-revealed.html

5. www.manchestereveningnews.co.uk/news/greater-manchester-news/its-official-manchester-is-britains-boom-691227

6. www.theguardian.com/business/economics-blog/2015/feb/04/brain-drain-which-uk-regions-hold-on-to-their-graduates

7. www.placenorthwest.co.uk/news/the-return-of-city-centre-living-in-manchester

8. www.manchester.gov.uk/downloads/download/4220/corporate_research_and_intelligence_population_publications (Ao1)

9. www.telegraph.co.uk/finance/jobs/11599632/The-cities-with-higher-jobs-growth-than-London.html

10. www.manchestereveningnews.co.uk/business/manchester-named-best-uk-city-9876616



Scope of works

5 bed HMO

Premium Zest design and finish throughout

Creation of 2 en-suites

Creation of modern open plan living space

Fully furnished

Points to note

HMO license required

Deal bought to Zest by estate agent

Multi-let Property Appraisal

A L E X A N D R A S T R E E TA S H T O N - U N D E R - LY N E

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Overview

Asking price £87,000

Maximum price £82,000

Capital requirement

Deposit 25% £20,500

Refurbishment (inc. furniture) £31,955

Legals £1,850

HMO license £550

Insurance £200

Stamp duty £2,460

Zest tenant find fee £1,104

TOTAL £58,619

Zest fees

Sourcing fee (4 months gross rent) £8,833

Refurbishment project management (15%) £4,793

Hands Off ROI 20.55%

Return on investment

PCM PA

Gross rent £2,208 £26,500

Utilities £450 £5,400

Management 12% £265 £3,180

Mortgage 5% £256 £3,075

Net profit £1,237 £14,845

ROI 25.32%

Timescales

To refurbish 5 weeks

To tenant 6 weeks

Post refurbishment estimated value

Commercial £152,289

F inanc ia l b reakdown – ACTUAL NUMBERS

Tameside Hospital

Easy access to M60

Tram to Manchester

Colleges & schools nearby

Shopping centre cinema & bars

Supermarkets nearby


For unparalleled property investment returns...you need the right partner

With years of industry experience, coupled with an

invaluable property network, we provide a wealth

of reasons why we’re the right partners when it

comes to smart property investment.

We offer a complete service that begins with finding

a suitable property for your investment and goes

on to manage the entire process for you – from

the financing, planning and design, onto the

management of renovation (if required), onto the

moving in of your tenants.

For completely hands-free property management,

and the securing of sustainable and hassle free profit

each and every month, Zest should serve as your first

and only choice. Zest is approaching its 50th deal,

managing over 200 units boasting an impressive

>96% occupancy rate within the Greater Manchester

area. Each member of the Zest team is an investor in

their own right thus is at the forefront of the industry,

best allowing us to advise our clients on the ever-

changing market conditions, investment opportunities

and portfolio maximisation.

W H Y Z E S T ?

Renovation services that stand out from the crowd

Our renovation services offer a managed, end-to-end

solution – delivered by a team of expert project

managers and qualified, skilled trades professionals.

Our tried and tested team are experienced in

transforming properties into the rock steady

investments in which we specialise.

Zest offer the complete turnkey service, allowing you to simply



Advantage Business Centre132–134 Great Ancoats Street

Manchester M4 6DN

+44 (0)161 401 9378

[email protected]

www.zestpropertymanagement.co.uk

Documents

ALEXANDRA STREET - zestpropertymanagement.co.uk · 2021. 2. 19. · 2 Multi-let Property Appraisal ALEXANDRA STREET The largest city in the North West and increasingly regarded as