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 with the completion of block two’s concrete frame and window installation up to level 10. First fix works, including internal partitions have now commenced in block one and two. All groundwork and steel framing is complete up to block 3C. The team at Local Crescent is working hard and on schedule to finish by the estimated completion date – Q4 2020. For more detailed information, you can read all the latest progress and take a look at the up to date images by checking the Local Crescent construction updates above.
Salford – The property hotspot
Local Crescent apartments are situated amid Salford city centre, which has experienced a significant amount of regeneration and is set to receive even more in the future. This makes it a popular area for investors who are looking to attract young professionals working in nearby industries. This includes the digital sector, as many businesses, including BBC and ITV, are based in MediaCity, which is known as one of the most lucrative employment hubs in the UK. By investing in apartments in an area with lucrative job opportunities, you can benefit from massive returns, as well as the potential for capital appreciation in the near future.
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 number of businesses relocating there. It’s all leading to growth in the housing market, which is doing particularly well, recorded top in the country for five out of the last six years.
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. Rental prices are also on the up as regeneration continues throughout the city. This includes a £1 billion St. Johns project which will involve a £300 million Enterprise City, NOMA in North Manchester which will receive an £800 million investment, and MediaCityUK will double in size with a further £1 billion masterplan. As the fastest growing and largest economy outside of London, it’s the so-called UK’s ‘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.