MANCHESTER – SALFORD

Salford, Manchester

Prices from £154,564 to £287,704
Size 420sq.ft to 839sq.ft.

YIELD

5.9%

We present to you an exciting new development in the heart of the Middlewood Locks regeneration zone, just 10 minutes’ walk from Manchester city centre.

Consisting of stylish apartments, townhouses and duplexes and located in the popular Salford area, the development is the ideal investment property for those looking to be a part of North West England’s bright future. The impressive development features split-height blocks of six and nine storeys, with a total of 127 homes across the site, in the largest of Manchester’s three main regeneration corridor.

The contemporary development has been designed to suit the needs of urban professionals working in both Salford and Manchester city centre. The mix of apartments, townhouses and duplexes will offer an appealing, family environment to those wanting luxurious city centre living in an outstanding location.

With high quality kitchens and bathrooms fitted as standard, this will present a superior quality apartment to the Manchester rental market, offering investors an exciting and unique development with broad appeal. The bright, spacious apartments are complemented by a superb roof terrace, with views over the city, to which all residents enjoy private access.

The development also benefits from secure, underground parking, cycle bays and smart technology. All apartments are wheelchair accessible in order to accommodate as diverse a group of residents as possible.

THE LOCATION

As well as residential accommodation, the £1 billion Middlewood Locks regeneration zone is set to offer extensive leisure facilities and amenities including a gym, hotel, bars, restaurants, nursery and medical centre.

The development is located in the heart of Middlewood Locks, which provides pedestrian access between Salford and Manchester city centre. Cycle access is in the process of being added, furthering the area’s excellent connectivity.

Road and rail access is terrific, with Liverpool Street Bus Station 100 Metres and Salford Central Train Station 750 Metres away from the Development. The M602 Motorway can be reached within two minutes. The prime location will provide residents with easy access to all that Salford and Manchester have to offer, from their employment opportunities to their leisure facilities.

MANCHESTER FAST FACTS

  • UK’s 6th largest city and 2nd most populous urban area
  • The city had an estimated population of 530,300 in 2016
  • Manchester saw an active business growth rate of 18.2% in 2016, compared to a national average of 6.1%
  • Employee numbers rose from 335,000 in 2014 to 375,00 in 2016
  • Business, financial and professional services in Greater Manchester generate GBP16.2 billion of GVA annually
  • Health and social care generates GBP4.2 billion of GVA annually in Greater Manchester
  • 110,000 new jobs will be created by 2024, with 36,000 more office jobs expected in Central Manchester over the next decade
  • Disposable income of Manchester residents is forecast to grow by 28% over the next decade

PROPERTY HIGHLIGHTS

  • Perfectly located at the gateway to Manchester
  • Smart technology included as standard, for a future-proofed development
  • Appealing mix of apartments, townhouses and duplexes
  • High quality kitchens and bathrooms included as standard
  • Secure underground parking
  • Dedicated cycle bays
  • Fully wheelchair accessible apartments
  • All apartments serviced by fully maintained lifts
  • Whole-house ventilation and sprinkler system protection
  • Private roof terrace access for all residents

CITY CENTRE GROWTH

  • Manchester is leading the growth of city centre living in the UK
  • City centre growth driven by young professionals (those aged 35 and under who hold a degree)
  • City centre employment will surpass 400,000 jobs by 2025
  • Manchester’s population is expected to exceed 625,000 by 2025
  • A backlog from several years of housing undersupply has now reached over 40,000 homes, putting pressure on supply
  • Manchester house prices rose at the fourth fastest rate in the UK in the year to December 2017 (at 7.0%)
  • The city centre is expanding outward to accommodate demand from new residents and businesses

GREATER MANCHESTER GROWTH

  • Greater Manchester’s population grew by 7.2% (183,100) between mid-2004 and mid-2014 and is expected to attract more than 500,000 new residents by 2025
  • Home to 1.17 million households, with 2.73 million residents
  • Over 7 million workers within an hour’s drive – the largest travel-to- work area of any UK conurbation (except London)
  • Expected net gain of 110,000 jobs in the decade to 2024

THE MANCHESTER PROPERTY MARKET

Properties in Manchester have increased in value by an impressive 29.22% over the past five years, according to February 2018 data from Zoopla. Apartments have fared better than average, enjoying an increase of 32.01%.

Demand for residential accommodation in Manchester is high. The city is undergoing rapid change and growing at a rate of around 2,000 homes per year. This is to house Manchester’s rapidly growing population, which is expected to increase from 530,300 in 2016 to 625,000 by 2025.

This is creating an excellent opportunity for buy-to-let investors looking to address the city’s housing undersupply backlog, with some estimates showing the need for as many as 40,000 additional homes.

ULTRA-CONTEMPORARY HOMES ARRIVE IN SALFORD

The development marks the start of a new era for Salford’s residential sector and those who invest in it. The development is set to capitalise on the enormous economic potential of the Middlewood Locks regeneration zone, as well as benefit from the host of amenities that the completed district will provide.

The apartments themselves are perfectly suited to the energy and dynamism of this newly defined location. Ultra-contemporary interiors will feature high specification bedrooms, kitchens and bathrooms as standard, while all apartments will meet with the new Design Space Standards.

Smart technology will provide residents with the most modern of property tech, while each apartment benefits from whole-house ventilation and a sprinkler protection system.
These thoroughly modern homes are set to appeal to Salford and Manchester’s growing class of young, professional urbanites, who demand the very best from their city centre lifestyle. That includes the quality of their accommodation and the best location, providing the perfect balance of both.

From a property investment standpoint, this is excellent news. A prime location, backed by a superb quality build, in an area packed with potential for capital gains thanks to the extensive regeneration work taking place, is the ideal combination for those looking to profit from buy-to-let.

The local area features a host of key developments, including the University of Salford and the Crescent District. The Greengate regeneration is reviving 13 hectares, in order to reconnect the historic centre of Salford with Manchester’s modern, vibrant city centre. Meanwhile, Irwell River Park is creating an international waterfront destination that will benefit from a range of environmental and access improvements, creating opportunities for sustainable transport, as well as commercial and residential development.

In addition, the Bridgewater canal corridor will feature the restoration of key heritage sites, as well as public realm and access improvements, along with new residential, commercial and leisure amenities. On the commercial side of things, Digital Village is home to a new business development that will mix historic features like Ordsall Hall with modern economic opportunities. Business, creativity and leisure opportunities are also blended at the nearby Soapworks. Then there’s the tri-modal inland port facility and distribution park development known as Port Salford… whichever way you turn, Middlewood Plaza is at the heart of a prime regeneration location that clearly marks the future direction of the Greater Manchester area.

To find out more about this exciting opportunity and to receive a brochure and price list along with other pertinent information, please simply register you interest at the side of this page or with the thumbnail below

What to do next?

To receive the brochure for this development along with the availability and other pertinent information, please simply register through the thumbnail or the form here: