Stone Cross House, Bolton - Investment Brochure by residential-estates

Stone Cross House Bolton

Welcome to Residential Estates Established for over twenty-five years, Residential Estates is an independent property services group based in the United Kingdom. Operating throughout numerous sectors of the property industry, our knowledgeable team can deliver comprehensive advice and professional property services. Combining our personalised commitment to client care with a reputation built on honesty and professionalism, Residential Estates has grown to become one of the UKâ&#x20AC;&#x2122;s leading investment property companies with a global agent network. Our experienced team of property investment specialists carry out extensive research and handpick premium opportunities from across the UK in order to create a bespoke service tailored to every investorâ&#x20AC;&#x2122;s needs.

"Residential Estates is proud to only offer investments that we would be keen to invest in ourselves. Our professionals spend time extensively researching and analysing the figures of each development, so that you can benefit from high returns without the high risks." Michael Holliday, Investment Manager

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Investment Highlights

The Investment Team

Over the past ten years, Residential Estates has successfully sold to investors and completed numerous projects for developers across the United Kingdom.

West Bar House Michael Holliday Investment Manager

Michael Johns Investment Consultant

Mike has been a part of the Residential Estates Investment team since 2014. His role is to source and acquire the best developments in the UK, whilst managing both the internal sales team and external sub-agent network.

Michael has over eighteen years' experience in the property industry. Having owned and managed property companies in the UK and overseas, Michael possesses in-depth knowledge in all areas of the property sector.

Chris Smith Investment Consultant Chris has seven years' experience in the property industry. After years of service in the Armed Forces, Chris turned his hand to property and developed his investor database and soon turned his focus to Off Market property.

This high specification student development sold off-plan in 2016 very quickly. Over a year later, the project was completed and has been fully tenanted ever since. Its success comes as no surprise given the development’s proximity to Sheffield University.

Keele House A highly popular student accommodation development in Newcastle-under-Lyme consisting of 160 fully furnished studio apartments. The development has been fully tenanted from its opening in 2017, providing investors with highly lucrative returns ever since.

City Road

Martin Cooney Investment Consultant

Andrew Brassey Business Development Manager

With twenty years’ sales experience, with the last eight years focused within the residential and student investment market, Martin has a wealth of property investment knowledge. Martin’s sales training came from a consultative approach and he continues to use this, as it’s key to understanding what the investor’s criteria is and their plan for building a property portfolio.

After gaining a BSc in Land Administration, Andrew has gone on to gain over thirty-five years' experience in the property industry. After originally working for high street estate agents, from 2004, Andrew has specialised in investments and buy-to-let and developed a deep breadth of knowledge in the Liverpool and Manchester area.

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Not only was our Investment team able to sell out these off-plan apartments located in Chester city centre in a few weeks, our Short-Term Lets department has undertaken their management. City Road is a perfect example of Residential Estates’ diversity. We can successfully source and sell apartments off-plan, as well as offering our management services where possible, thus enhancing investor’s returns.

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Serving Generation Rent

Bolton: What you need to know

"According to Nationwide Building Society’s House Price Index in 2018, London’s house prices have dropped one percent year-over-year.

Bolton, located in Greater Manchester, is Europe’s largest town and is located only a 20 minute train journey from Manchester City Centre. With a £1 Billion Town Centre master plan underway, Bolton is a town on the cusp of change.

Hometrack (U.K. based residential property market analytics ﬁrm)

Manchester, on the other hand, has seen growth since 2015, with prices rising over seven percent year-overyear.”

Bolton is home to big name employers such

Stone Cross House is scheduled to

as AO, Bolton Wanderers, Telesis and Aptus,

complete in Q2 of 2020, which will make

along with the towns growing University.

the developer the first to complete a high

Many locals also take advantage of the short

speciﬁcation town centre development,

journey time into Manchester, making Bolton a

complete with roof gardens, giving our

popular and aﬀordable commuter location.

investors the opportunity to invest ahead

The town is also beneﬁting from a growing

of the curve.

population and a rise in employment levels; in the past ﬁve years, over 3,000 new jobs have been created; by 2034, the local economic development plan projects that job numbers will rise by a further 15,500. The ﬁgures for capital growth in Bolton also make for promising reading. Average

The rental market is forecast to grow by over one million households over the next five years. Low interest rates combined with steady economic recovery are leading to a strong expansion of the rental market, and with house price inflation now surpassing wage growth, the first step onto the property ladder is getting harder for young adults.

The demand from Generation Rent for accommodation continues to grow, underlining the long-term trend which predates the ﬁnancial crisis from 2007.

asking prices in Bolton rose by 9.6% over the course of the previous 12 months (ﬁgures released in July 2018 by the UK Government), following growth of around 10%

The Private Rented Sector, and build-to-rent

in the year before. The towns

property in particular, are ﬁlling this gap by

close proximity to Manchester

oﬀering smarter homes and better solutions for

is also providing a boost to the

those in need of a home.

property market, with the cities

Today’s millennials don’t want to live in rental

“ripple eﬀect” spreading across

accommodation that makes them feel like it’s a

the region.

BOLTON

MANCHESTER LIVERPOOL

short-term solution. Most of them are renting out of choice, and they want to get the most out of the perks that come with it. No hassle, no strings and easy to do.

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Bolton: What you need to know Bolton is on the up, supported by a bold Masterplan from the council and private investment. Take a look over some key facts about this town on the cusp of change. Bolton Overview

Location: Greater Manchester

Population: 280,400

Economy: £4.6 Billion

Employment: 106,900 Jobs

(+ 16,600 extra forecast by 2022)

(+ £2.9 billion extra forecast by 2034)

(15,500 new jobs forecast by 2034))

Tourism: Valued at £430 million P.A.

The Figures

£260

£100

Million

recently invested into Bolton Town Centre

Million

£250 Million

of regeneration projects under way

million of private sector investment agreed in principle for the regeneration Masterplan, August 2018

£19

Construction Work

£227 Million

In progress on ‘logistics north’ - The largest distribution, logistics and employment site in greater manchester

invested in the university-focused innovation zone

Million

£50

redevelopment of Bolton marketplace

Million

million invested in a new Bolton rail and bus interchange

Key Industries

Logistics

Retail

Manufacturing

Health & Social

Leisure

Education

Key Employment Sectors Public Sector

27,900 8

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Retail & Wholesale

19,800

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Bolton: Investment & Regeneration To Middlebrook Retail & Leisure Park & Horwich

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Bolton as a future property investment hotspot.

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attractive prospect for the future.

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leisure space. Importantly, Stone Cross House

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Town Hall

squares being created along with oﬃce and

for “Church Wharf,” a mixed use leisure and

Bridge St.

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St.. Pool

, St ley or

“Crompton Place Deal” has secured the

Also announced is the £150 million vision

d. sR d l Fo Bow St.

The recent announcement the £250 million

Crompton Place shopping centre, overall of

To Blackburn and Ramsbottom

d. e’s R eorg St. G

With a transformative £1 billion Town Centre masterplan underway, Bolton is changing. Like its neighbours Preston & Manchester, Bolton is looking to revolutionise the way people live in the Town by making the Centre a thriving area in which to eat, drink, shop and live.

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Bolton Wanderers FC Reebok Stadium

Bolton Town Hall

Rivington reservoir from Rivington Pike

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Le Mans Crescent, Bolton

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Stone Cross House: The Build Situated in the centre of Bolton and within the Church Wharf regeneration area, Stone Cross House will be Bolton’s first high specification, ‘city living’ style apartment block. Completed to a modern, sleek specification with integrated smart technology, Stone Cross House will provide much sought-after high-end accommodation in an ideal location. A conversion from commercial office space to residential, the build process will mirror that of several past developments complete by the developer. This robust building already has concrete floors in place, increasing thermal efficiency and sound proofing – perfect for a modern apartment scheme. Stone Cross House will comprise sixty-one apartments broken down into ten studios, forty one-bedroom apartments and eleven two-bedroom apartments. Many of the apartments will beneﬁt from open plan kitchen and living spaces with a central island, other features include quirky triangular bay windows. One exclusive apartment has a fabulous, private rooftop garden with outstanding views of Bolton and beyond. All of the apartments have incorporated utility and storage space to further bolster the practical yet stylish appeal of the development.

“Bolton is a town on the cusp of change with it’s £1 billion Town Centre Master Plan well underway. This is starting to bring in a higher caliber of tenant and with the current lack of high-specification well located properties, we expect Stone Cross House to be in high demand for both short and long term tenants” Michael Johns, Investment Consultant

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Interior Speciﬁcation Stone Cross House is built on an exceptional level of ﬁnish and attention to detail, from exteriors and restoration of character features, right the way down to door handles and switches. Kitchens

Flooring

All of the apartments at Stone

The ﬂooring in the bathroom and

Cross House will be ﬁtted with

kitchen areas will be a hard wearing,

high speciﬁcation kitchens, all with

waterproof wood eﬀect vinyl in grey.

integrated fridge and freezer, oven

Easy to clean and diﬃcult to damage,

and induction hob. Neutral cupboard

this modern ﬂoor covering has stood

colours will be chosen from a muted

the test of ti me in all of

palette, paired with hard wearing,

our developments to date.

stylish work surfaces. All switches are

Living areas and bedrooms will be

chrome as standard.

subject to a more luxurious ﬂooring

Space and plumbing for a washing

treatment, with a sumptuous,

machine will be located in a separate

high pile grey carpet.

utility/storage cupboard.

Doors

Bathrooms

All of our doors are made oﬀsite by

Bathrooms throughout the scheme

our master joiners, and are delivered

will be tiled in a stylish, textured

to site already in the casings and on

matt grey tile to compliment the

their hinges. This unique method

grey vanity unit, ﬁtted with handy

allows us to ﬁt doors quickly whilst

drawers or cupboards.

maintaining quality of ﬁtti ng. All internal

Dependant on apartment size, a double

door hardware is of high quality

shower or bath with shower will be

brushed chrome.

ﬁtted with high quality chrome ﬁxtures

The apartments at Stone Cross House

and ﬁttings.

will be fob access, increasing security throughout the development, and increasing ease of replacement in case of loss.

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Ground Floor Speciﬁ cations

Apartment Plans

The apartments at Stone Cross House have been designed to maximise space and light, and impress with well designed, open plan and modern living and kitchen areas.

Apartment 1 One Bed Apartment 41.1 m²

Apartment 7 One Bed Apartment 43.11 m²

Apartment 2 Two Bed Apartment 50.81 m²

Apartment 8 One Bed Apartment 48.22 m²

Apartment 3 Two Bed Apartment 58.4 m²

Apartment 9 One Bed Apartment 40.7 m²

Apartment 4 One Bed Apartment 45.34 m²

Apartment 10 One Bed Apartment 44.57 m²

Apartment 5 One Bed Apartment 44.87 m²

Apartment 11 One Bed Apartment 43.12 m²

Apartment 6 One Bed Studio Apartment 41.32 m²

Apartment 12 One Bed Studio Apartment 36.08 m²

One Bed Studio Apartment

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

One Bed Apartment

Two Bed Apartment

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

First Floor Speciﬁcations Apartment 13 One Bed Apartment 40.42 m²

Apartment 20 One Bed Apartment 43.12 m²

Apartment 14 One Bed Apartment 38.98 m²

Apartment 21 One Bed Apartment 48.22 m²

Apartment 15 Two Bed Apartment 56.96 m²

Apartment 22 One Bed Apartment 40.72 m²

Apartment 16 Two Bed Apartment 63.65 m²

Apartment 23 One Bed Apartment 44.57 m²

Apartment 17 One Bed Apartment 45.34 m²

Apartment 24 One Bed Apartment 42.98 m²

Apartment 18 One Bed Apartment 44.86 m²

Apartment 25 One Bed Studio Apartment 36.2 m²

Apartment 19 One Bed Studio Apartment 41.32 m²

Second Floor Speciﬁcations 21

Apartment 26 One Bed Studio Apartment 36.34 m² Apartment 27 One Bed Studio Apartment 35.09 m² Apartment 28 One Bed Apartment 39.08 m² Apartment 29 Two Bed Apartment 56.95 m²

Apartment 30 Two Bed Apartment 63.68 m² Apartment 31 One Bed Apartment 45.34 m²

Apartment 34 One Bed Apartment 43.19 m²

Apartment 35 One Bed Apartment 48.22 m² 33

Apartment 36 One Bed Apartment 40.72 m² Apartment 37 One Bed Apartment 43.67 m² Apartment 38 One Bed Apartment 43.84 m²

Apartment 39 One Bed Studio Apartment 36.18 m²

Apartment 32 One Bed Apartment 44.85 m² Apartment 33 One Bed Studio Apartment 41.32 m²

One Bed Studio Apartment

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

One Bed Apartment

Two Bed Apartment

One Bed Studio Apartment

One Bed Apartment

Two Bed Apartment

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Third Floor Speciﬁcations Apartment 40 One Bed Apartment 42.78 m²

Apartment 47 One Bed Apartment 43.1 m²

Apartment 41 One Bed Apartment 48.49 m²

Apartment 48 One Bed Apartment 48.22 m²

Apartment 42 Two Bed Apartment 51.84 m²

Apartment 49 One Bed Apartment 40.72 m²

Apartment 43 Two Bed Apartment 63.47 m²

Apartment 50 One Bed Apartment 43.71 m²

Apartment 44 One Bed Apartment 45.34 m²

Apartment 51 One Bed Apartment 43.78 m²

Apartment 45 One Bed Apartment 44.78 m²

Apartment 52 One Bed Studio Apartment 36.2 m²

Apartment 46 One Bed Studio Apartment 41.4 m²

Fourth Floor Speciﬁcations Apartment 53 Two Bed Apartment 67.34 m²

Apartment 58 One Bed Apartment 37.39 m²

Apartment 54 Two Bed Apartment 58.94 m²

Apartment 59 One Bed Studio Apartment 35.3 m²

Apartment 55 One Bed Apartment 41.22 m² Apartment 56 One Bed Studio Apartment 34.55 m²

Apartment 60 Two Bed Apartment 60.65 m² Apartment 61 One Bed Apartment 54.84 m²

Apartment 57 One Bed Studio Apartment 34.67 m²

One Bed Studio Apartment

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

One Bed Apartment

Two Bed Apartment

One Bed Studio Apartment

One Bed Apartment

Two Bed Apartment

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Purchase Process The Cash Buyer Purchase Process

The Mortgage Buyer Purchase Process

We offer a discount incenti ve for our cash buyers, and match our payment stages to key stages in the build process. We have designed this purchase process to give the buyer maximum confidence; all of our key build stages are signed off by third party, regulated building control bodies. These staged payments have been designed to give security and confidence to buyers, ensuring that you are paying money as work progresses, rather than large amounts of money before works begin, leaving you vulnerable if works don’t progress as planned.

Our simple mortgage process allows buyers to purchase in our exciting oﬀ-plan developments with less money up-front. Specialist mortgage advice is on hand from our trusted partners if necessary, ensuring our mortgage buyers are prepared and able to obtain ﬁnance to complete their purchase.

Step One: Reservation

£2,000

Reserve your apartment with £2,000.00, regardless of purchase price. This secures the property as Residential Estates removes the unit from all marketing. Within 24 hours we produce a Memorandum of Sale and distribute to Solicitors on both sides. We also send you a receipt to let you know we have received your reservation fee and to welcome you to Residential Estates.

Step Two: Exchange

20%

The next payment comes at exchange. This is on or before twenty eight days from when your solicitor receives contracts from ours (don’t worry, your solicitor will keep you informed of the dates!). This payment is 20% of the purchase price, minus your £2,000.00 reservation fee.

Step Three: On Site Works Commencement

25%

This is the first of the staged payments which is tied to build progress. Once works begin on site, we will get this signed off by a third party and this certification will be sent to your solicitor – once received, you have 10 working days to make the payment of 25% of the purchase price. If works have already began at the time of your purchase, you will have 28 days from exchange to make this payment.

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Step Four: First Fix Payment

25%

First fix is the second of the staged payments, and represents a stage in the build where the first phase of plumbing and electrics (among many other works!) are completed. Once we have this build stage signed off by building control, we will again forward to your solicitor and again you will have 10 working days to make the payment of 25% of the purchase price.

Step Five: Completion of Development

30%

The final payment is requested when the build is completed and we have a final sign off from building control. Mirroring the process in the previous staged payments, we will send the signed certification to your solicitor, and you will have 10 working days to make the payment of 30% of your apartments purchase price. Once received, you will be the proud owner of your completed apartment!

Step One: Reservation

£2,000

Reserve your apartment with £2,000.00, regardless of purchase price. This secures the property as residential Estates removes the unit from all marketing. Within 24 hours we produce a Memorandum of Sale and distribute to Solicitors on both sides. We also send you a receipt to let you know we have received your reservation Fee and to welcome you to Residential Estates.

Step Two: Exchange

25%

Step Three: Completion of Development

75%

The final payment is requested when the build is completed and we have a final sign off from building control. Once signed off , we will send the signed certification to your solicitor, and you will have 10 working days to make the payment of 80% of your apartments purchase price. Once received, you will be the proud owner of your completed apartment!

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Short-term let apartments managed by Residential Estates

Residential Estates: Short-Term Let Management Residential Estates has capitalised on the ever-increasing demand for short-term and corporate lets in the United Kingdom. Combined with the tourist market, we can supply landlords with high occupancies from three- to five-night stays, through to the contractor or relocator staying for several months. As opposed to owning a property which only leaves a small NET profit after costs, the short-term let model charges on a nightly basis. This offers the potential for higher returns, which in turn leads to a greater value and higher appreciation.

Halo, Manchester

Once Residential Estates has established that your property is suitable for the short-term and corporate let market, we can cover the entire management process, making this a hands-off and stress-free option for landlords.

Our service includes: • Advertising property on all major portals • Establishing rates • Sourcing suitable tenants • Meet guests for check-in • Resolve any tenant issues pro-actively • Manage full upkeep and maintenance of property • Arrange cleaning of property • Provide itemised statements

You will have one of the North’s leading short-term let experts as your partner throughout the entire process.

City Suites, Chester

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Note: Residential Estates Short-Term Let Management is optional. Stone Cross House is open to local owner-occupiers as well as landlords who may prefer to manage their own properties. However, with an existing database of clients, we encourage investors who aren’t familiar with the area to talk to us about maximising returns through using our services.

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Smart Technology Stone Cross House is a ‘Smart Home’ development, built with the modern landlord in mind. It oﬀers simpler management, lower costs and smarter rental options for today’s Generation Rent.

Smart Technology for the landlord Smart Technology is used by the developer to improve the experience of every member involved in the property market, save costs and be proactive about limited resources; whether that’s time, money or - more importantly - the environment. Problem

Smart Technology Solution

Time wasted changing accounts with energy providers when a new tenant moves in.

Account changed by in-house lettings agency without landlord involvement.

Accumulation of standing charges during vacant period.

Developer shoulders the cost of standing charges as energy distributor.

A true build-to-rent apartment development, Stone Cross House doesn’t

Difficulty finding true hands-off investments.

Full process remains in-house without the need for landlord intervention.

only score with its clever design, integrated technology and overall ‘wow factor’

Rising energy prices.

Landlords and tenants beneﬁ t from savings made through bulk energy purchasing by the developer.

Lack of modern technology to monitor energy usage in rental property.

Innovative Smart Technology app allows tenant to look at their energy usage from their smartphone.

future-proof

Smart Home but also its outstanding location itself. Whether you’re a hands-on landlord, a hands-oﬀ investor or a local resident looking for a state-of-the-art home, Stone Cross House ticks all the boxes.

Smart Technology for the tenant Smart Technology is not solely aimed at the investor, but endeavors to improve the tenant’s life as well by oﬀering them full control over their energy bill that’s easy to access and understand. Problem

Smart Technology Solution

Time spent setting up accounts with energy providers when moving in. when a new tenant moves in.

One contract covers tenancy agreement and utility bills. The tenant is charged one monthly bill from one source, saving time at every step and providing homes that are ready to live in from day one.

Lack of modern technology to monitor energy usage in rental property.

Innovative Smart Technology app allows tenant to control utilities from their smartphone or computer, meaning they can even turn on their heating on the way home from work.

Rising energy prices.

Landlords and tenants beneﬁ t for savings made through bulk energy purchasing by developer.

Smart Technology for the agent For agents, Smart Technology ﬁnally creates the opportunity to monitor and control energy costs and usage without having to rely on access from either the tenant’s or landlord’s site.

A future-proof Smart Home, offered to you direct from the developer.

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Problem

Smart Technology Solution

Diﬃculty monitoring energy usage.

Meters can be read live from the head oﬃce from any location with a Wi-Fi connection and emails are being automatically generated when a tenant has exceeded their agreed fair usage.

Diﬃculty spotting seasonal energy trends.

The system produces reports that allow management to easily track trends in energy usage, giving the possibility to forecast future energy usage and improving accuracy of fair allowance agreements.

RESIDENTIAL ESTATES | STONE CROSS HOUSE, BOLTON

Disclaimer: All sales are conducted direct between the buyer and the developer. Every care has been taken to ensure that all marketing materials, prices, ďŹ&#x201A;oor plans, visuals and brochures are correct at time of issue however these do not constitute property particulars for contractual purposes. Please be sure to check all ďŹ nal materials ahead of signing any purchase contract. Homes can be repossessed if you do not keep up with payments. Properties purchased oďŹ&#x20AC; -plan or incomplete can be open to further risks and losses to buyers. We recommend buyers to seek legal and professional advice where possible and must stress that investing in property does carry risk.