Benefits of Buying Property Off Plan

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.

• Buy below market value
• Higher than market average capital growth
• Brand new property with minimal maintenance
• 10-year new build warranty
• Not paying over the asking price as you aren't competing with the secondary market
• New developments cater for the needs of the modern tenant
• Excellent facilities that will ensure optimal rent and occupancy is achieved
• Ability to select the best property in a development as opposed to what is available at that moment in time
• Chain free property purchase

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:

1. Developer Track Record

• Has the developer previously completed developments?
• Were the developments finished to a high quality?
• Were the developments completed on time and on budget?
• Are they popular with the rental market and maintain a high occupancy level?

2. Development Funding

• How is this development being funded?
• Does the developer have access to sufficient funds to complete the build?
• Are they reliant on investor funds to complete the build?

3. Developer's Future Pipeline

• Does the developer have other developments planned for the future?
• Commitment to delivering future developments shows that they are in property development for the long-term

Recommended Developer - Salboy

We work with a number of highly 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.

• Prices start from Just £221,050
• 6% rental returns est.
• Deposits from just £55,000
• Completing from Q4 2022