Former Man-U star slashes asking price by £250k

01 July 2011

Ex-Manchester United star Phil Neville has lowered the price of his Manchester city centre apartment by a quarter of a million pounds, after struggling to find a buyer.

Neville first put the Beetham Tower apartment up for sale last year and attached a price tag of £4m. It was thought to be the most expensive flat ever to be put on the market in Manchester.

Nine months since this record was hit though, it seems that there was in fact a reason why prices were generally much lower for similar properties in the area. A local estate agent commented that the price reduction was a reflection of the market generally.

Phillip Diggle of Gascoigne Halman told the Manchester Evening News: "Knocking £100,000 off a property at this level is not going to have much effect. You have to reduce it to the next level of interest, which is what we have done.

"Phil and Julie are still living there, they enjoy being in the city centre and are in no rush to sell but they understand that they have to take action to keep things moving.

"And it is the most expensive apartment to be sold in Manchester for good reason - the specification and fit-out is absolutely superb and the views spectacular."