The city of Manchester is experiencing a period of growth and its property market is buoyant.
Much is going on in the Northern city and a report has just revealed that Manchester homes have seen the highest price increase over 20 years of any UK city.
Land Registry statistics show that over 20 years Manchester property prices went from £44,201 in 2000 to £191,505 in 2020.
2021 looks set to be a strong year for Manchester with some great property investment opportunities.
There has been much regeneration and developers are seeing a huge opportunity for new build schemes and refurbishments.
Eighty out of the 100 FTSE companies have a presence in Manchester. It is a location that many big businesses are choosing to relocate to from London, due to the low rent and the fact that Manchester is the fastest growing economy in the UK.
The city is a media and digital hub, attracting a pool of young talent from the 100,000 students across five universities located within Manchester and beyond. Media City is a £650m, 200-acre regeneration project focused on media and digital. Part of the BBC and ITV national operations have moved to here creating 15,000 jobs. A further £1bn has been pledged to expand Media City by an additional 7.7 hectares meaning there will be appetite for even more jobs in the area.
The big student market and number of young professionals and young families wanting a city centre lifestyle creates massive demand for rental properties.
It’s a vibrant city; ideal for young professionals and students. Many people previously residing in London now call Manchester their home.
Manchester has the largest airport outside of London. The airport flies to over 25 destinations including four direct flights a week to Hong Kong and 22 flights a week to Dubai as well as direct flights to Abu Dhabi, New York, Beijing and Singapore. By 2026 London will be a 1-hour commute on the new High Speed Railway, HS2, while the city’s extensive tram network opens up the surrounding areas and beyond with a range of Northern Hub rail investment proposed for the near future.
Manchester is a great property investment opportunity, with prices predicted to rise considerably over the coming years.
New Manchester Buy to Let Property Investment Opportunity Just Launched
We have just launched a striking residential development in the heart of Manchester, Wardour Point, which offers strong returns. Wardour Point is a stunning new residential development featuring 183 apartments over 23 floors, each designed with modern living in mind. Comprised of one-, two- and three-bedroom apartments and spacious duplex apartments, Wardour Point is situated in the emerging creative quarter on Regent Road and is surrounded by a centralised landscaped garden with seating and social space, perfect for a new style of Manchester living.
This development offers a 250-year lease, stamp duty paid for the first 50 reservations and is built by an experienced construction company.
Prices start from £140,414, with NET yields up to 6.46%, 3% interest on deposit funds and a free furniture pack.
Development Details:
Price from £140,414 1 bed, £195,011 2 bed, £242,181 3 bed
250-year lease
Net Yields up to 6.46%
Fully managed by ERE Property
3% interest PA on deposit funds
FREE furniture pack
FREE stamp duty paid on the first 50 reservations
Payment plan:
£2,000 reservation fee
30% deposit less £2,000 reservation fee on exchange of contracts. This deposit money is protected for your security.
Balance at completion in Quarter 2 2023 minus the 3% interest accrued
For more details of this great property investment opportunity in Manchester see the ERE Property website. Alternatively, call us on +44 (0) 113 380 8930 or email [email protected]
