Local Crescent Construction Updates
Local Crescent Development Progress
Keep up to date with all the latest construction progress with the Local Crescent construction update. Local Crescent is our latest Manchester property launch bringing superior investment opportunities to the market in a prosperous UK city. With onsite facilities like nothing ever witnessed before in a single development, Local Crescent brings a heated indoor swimming pool, full spa and sauna, equipped gym, laundry room, private cinema and onsite bistro to the development. There is also an abundance of outdoor areas to meet the new green space requirements of modern properties. A spectacular roof garden is located at the top of one of the three apartment towers, and courtyards with specialised barbecuing areas for tenants to enjoy are implemented throughout the project.
Boasting excellent market prices and projected rental returns of 5.5% NET, Local Crescent will be an ideal place to live for Manchester’s large proportion of young professional tenants who work in the business hubs of Spinningfields and MediaCity. Excellent progress has been made at the site thus far and the estimated completion date is scheduled for Q4 2020. You can read all the latest progress with the Local Crescent construction update.
Investing in Manchester
There couldn’t be a better time or place to invest than with Manchester’s diverse property portfolio in 2019. The city is rapidly expanding in all aspects, from an increase in population and student numbers, to the amount of businesses locating there. It’s all leading to growth on the housing market which is doing particularly well, recorded top in the country for five out of the last six years.
Rents are going up and values of property are also increasing amidst the regeneration evolving all around. A £1 billion St. Johns project will include a £300 million Enterprise City, NOMA in North Manchester will receive £800 million investment, and MediaCityUK will double in size with a further £1 billion masterplan.
Between 2009 and 2018, Manchester house prices increased by 34%, and it shows no signs of slowing down with 21.6% growth precited by 2023. As the fastest growing and largest economy outside of London, it’s the so-called UK ‘second city’ and the £1.5 billion Spinningfields business development has even been coined the ‘Canary Wharf of the North’. It’s no surprise that Manchester has been voted the best place in the UK to be a property investor.