Manchester Flats... when/where to buy!?

GDB2222

There's a 2 bed flat in Salford with a guide price of £55k. What's Salford like? I heard that Didsbury is good?

Flat 121,
Rosalind Court Asgard Drive,
Salford,
Greater Manchester,
M5 4TG£87,950
Flat
Leasehold
Not New Build25-Jun-2004
Map (M5 4TG

benbfc

no parking either, which is essential for my job I am afraid. Have been looking at that site for a few months, nothing perfect come up yet!

howler_2

GDB2222 wrote: »

There is a thread on here somewhere that I started yesterday about auction prices for these flats in the Barnard Marcus auction. There's a rather nice looking 2 bed flat in the auction with a guide price of £95k. Based on that, your budget of £150k looks like a lot more than you'll need to pay.

I think you'll be a lot better off in a slightly older block where all the flats have already been sold, rather than a new-build. With a new-build, you could be decidedly lonely.

It's worth a look at lots 290 and 334 in the current Barnard Marcus auction:
http://www.barnardmarcusauctions.co.uk/Current_Auction.html
Both are 2 bed flats, and the guide price on the cheaper one is £75k. Of course, it may well go for more than that.

Thanks for the info GDB2222.

Check out sale prices from Allsop auctions - 2 bed flats going for well under £100k (thats sale prices)

tr3mor

Long term I'd imagine you'd be much better off buying a conversion somewhere around UMIST or in the Northern Quarter rather than any of the purpose built flats around the edge.

Some of the new build shoeboxes will have a real council estate feel to them in 5 years time.

poppysarah

You should try living in one of them renting first. Make sure it's the dream you want for the next 5 years.
You should be able to negotiate on rent cos there's so many empty.

tr3mor

poppysarah wrote: »

You should try living in one of them renting first. Make sure it's the dream you want for the next 5 years.
You should be able to negotiate on rent cos there's so many empty.

Didn't the OP already say he was renting in the centre of Manchester?

:money:

poppysarah

tr3mor wrote: »

Didn't the OP already say he was renting in the centre of Manchester?

:money:

But he should aim to rent in the building he wants to buy in... it's not like there won't be one empty

Bungarm2001

Yeah be careful of what these places will be like in years to come...next generation slums if you ask me.

The builders and BTL owners are desparate at the mo to fill these city centre properties with anyone just to get some money coming in, so desparate that many of the builders have approached the Uni's this year directly and offered many flats at greatly reduced rents to the students. You might be ex-students yourselves, but belive me, a lot of people don't want to share a building with students, or put up with the noise, mess etc etc. I think the builders/owners will think twice next year...

Are you adamant about being in the city centre? I think Manchesters public transport system is fantastic and some of the outer areas are really quite desirable, including Didsbury.

Angel777

Hi be careful in Salford. I used to live there a few years ago and it is not really that safe.

Didsbury is a decent area. Drive around and go into some of the local shops in the area and ask them. I did a similar thing when i bought a place some months ago.

Good luck!

benbfc

Commuting in and out of thr city centre is a bit of a nightmare by the sounds of it. Roads clogged at peak hours and the trains/metro's only go to ccertain places. Now the Congestion charge is just around the corner and the council are pouring millions of pounds into better transport including a number of new metro lines to be working by 2013. Now these will have to go through road junctions and I think the disruption to the existing routes over the next 5 years will be awful but at the end the transport links will be much better.

I love walking to work, being home quickly, having a pint in the evening, going to the cinema on a whim. This may change in 5 years, I might want a garden etc then.

Salford is a bit of a walk into town. I am looking at Castlefield, Northern Quarter etc. It will be interesting to see how the green quarter goes over the next few years. Still building, so many must be empty!