Property in Manchester is on the up and a new developer believes it’s a fantastic place to invest.
The Sunday Times flagged Manchester up as being one of the best places to live in the UK, citing its funky atmosphere, green space and excellent schools as offering the complete package.
Manchester’s strong talent pool (fed by its top tier universities), workforce catchment area, employer costs, employee quality of life and economic output all consistently contribute to the city being ranked highly for working, living and visiting alike.
Your Move’s latest house price data shows a rise in house prices in the North West of England, despite falls in many other areas of the country. While house prices in London fell by 2.6% in the year to January 2018, they rose by 4.3% in Manchester.
For those considering a property purchase around Manchester, Salford should be at the top of their list of locations. Offering swish new places to live and work, Salford is undergoing a renaissance and a population boom.
After decades of being Manchester’s poor relative, Salford is on the up with a bold ambition to become a modern urban hub with a string of developments planned west of the Irwell covering the likes of Salford Quays, Greengate & Port Salford.
Salford’s most exciting regeneration zone is Middlewood, conveniently situated between Manchester city centre and central Salford. The area is undergoing rapid transformation with 5,000 homes, new commercial premises and the amenity zone of Middlewood Locks, which is being built around existing retail parks and set to become Salford’s most desirable residential location thanks to its routes in and out of the centre. The £1 billion regeneration project encompasses a gym, hotel, bars, restaurants, nursery and medical centre, as well as residential accommodation.
April sees the launch of a superb new residential development in this area – Middlewood Plaza.
Exclusively available through Surrenden Invest, the new development is just ten minutes’ walk from Manchester city centre, providing residents with access to the amenities of both Manchester and Salford. Featuring impressive, split-height blocks of six and nine storeys, the development is home to 125 beautifully designed homes, complemented by an extensive roof terrace with views over the city.
Designed to meet the diverse housing needs of Manchester’s urban professionals, Middlewood Plaza offers a mix of apartments, townhouses and duplexes. Secure underground parking and cycle bays are available for residents’ use. In addition, the properties feature smart technology, including whole-house ventilation and sprinkler system protection. The homes are also all fully wheelchair accessible.
For investors, Middlewood Plaza presents an opportunity to be part of one of Manchester’s most exciting regeneration areas, packed with potential for capital growth.
Homes can be purchased with the optional convenience of tailored furniture packs and interior design solutions, courtesy of established furnishings specialist, David Phillips. A mixture of 1, 2 & 3-bedroom apartments, townhouses and penthouses are available. Prices start from £153,500 – £393,500 with projected net yields of 5%.