West Point Studios and One Beds – Manchester
West Point Manchester offers a unique residential apartment block which is situated in the new regeneration zone of Old Trafford, Manchester. Located in one of the city’s up and coming areas, it is expected to see significant price growth as prices in surrounding areas have risen significantly. West Point is being redeveloped into 346 high-quality residential units, with market-leading communal facilities for tenants, including a gym, roof garden, a landscaped Japanese garden area, parking, communal lounge and coffee bar.
In addition, the development will combine high-quality finishing and cutting-edge low-carbon technology, meaning that the building will be one of the city’s most energy efficient, with a benefit to investors of an enhanced rental yield and future-proof investment.
- Prices from £102,500
- 8% Net Rental Return
- Manchester City Centre
- Modern Low Carbon Technology Used Throughout
- Hi Spec Design
- Experienced Management Company
Manchester – A Global City
The second city of the UK and centre of the Northern Powerhouse is a thriving cosmopolitan city, built upon an industrious legacy. Manchester’s rise to become a world-leading modern economy has seen Oxford economists predict that employment growth in the city over the next five years will exceed many international capitals including Paris, Berlin and Tokyo. Significant investment is being made across Greater Manchester into all sectors of the economy. Notable infrastructure spending shall make Manchester one of Europe’s best-integrated cities with seamless transport solutions for its citizens.
Regeneration across the region has significantly contributed to the Manchester property market for the last few years. Not only have property prices increased but with the addition of more corporate businesses, and entrepreneurial start-ups; the employment opportunities throughout the city, are at the highest they’ve ever been. Manchester offers local and global investors an attractive opportunity to add an upcoming city to their property portfolio. Even if you’re new to property investment, the rental yields and capital growth of a property in a city such as Manchester is enticing.
Manchester currently boasts a population of over 2.5 million, with residents coming from across the country and world. Data predicts that the population will continue to rise as more regeneration projects are finished and people become aware of the vast changes Manchester has had. The city is quickly gaining attention from young people who want a new and exciting place to live, which is why city centre properties are an excellent investment.
Going forward, Manchester is estimated to have the most prominent residential construction boom in over ten years. This is great news for anyone who invests in the city now while it is still changing. The Manchester property market has always contributed largely to the UK economy, but as it gains a glowing reputation throughout the globe, it is becoming more popular with investors. While London was often considered the UK city to go to for property investment, Manchester is turning people’s attention away from the capital and up North.
A Student Hotspot
Any investor wanting to market their property to students will find it easy in a big student-led city such as Manchester. Currently, Manchester is home to over 90,000 throughout four universities. The city region has one of the largest student populations in the UK, with many of these university students looking for accommodation while they study. Not only this, but Manchester has a high graduate retention rate, which means that many of the students who chose to study in the city, stay after they’ve finished. This means any investor wanting a constant turnover of regular tenants may find what they’re looking for in a big city like Manchester.