X1 Eastbank – Investment Apartments
We have an excellent opportunity for investors, with this Manchester city centre property coming back on the market. This property is located on the edge of Manchester city centre in the thriving area of Ancoats and New Islington, which has high tenant demand.
Investors can earn £7,200 annual rental income which is assured for the first year, and there are no restrictions on exit strategy. This luxurious property has all the advantages of being a short walk away from the local parks and independent shops of suburbia while also being close to the vibrant bars and restaurants of the city.
- Prices from £109,950
- 6% Net Rental Return
- Salford City Centre
- Gymnasium & Secure Bicycle Storage
- Landscaped Gardens
- Onsite Management Office
- Managed by X1 Lettings
Location – Manchester Piccadilly
Being located just 0.4 miles from Manchester Piccadilly train station means that many of the development’s apartments benefit from spectacular city views, with the remainder facing the garden courtyard and terraces. Private balconies are available on several units, and the addition of a private gymnasium, on-site management company and laundry facilities will make living at this property easy and stress-free.
Since the apartments are within a short walk to Manchester Piccadilly, it means tenants will also have the rest of the country on their doorstep. Piccadilly is the busiest station in Manchester and is used by over 28 million passengers every year. The station hosts services from a range of cities across the UK, including London, Birmingham, Edinburgh and Liverpool. This means that anyone residing near the station isn’t limited to where they can work. The train journeys to many of these places aren’t too long, which means they’re easily commutable for any willing professional.
Buy to Let in the North West
Property experts have estimated that the UK buy to let market is now worth a staggering £1 trillion, an all-time high for the sector. While overall, the industry is going from strength to strength. A few trends are becoming more prominent; according to the English Housing Survey, the property market in London is declining. However, significant regional cities in the North West, such as Manchester have seen a sharp increase in economic activity. Tenants and investors alike are increasingly recognising the untapped potential in the Greater Manchester region with the city of Salford seen as one of the region’s standout successes.
The Northern cities like Liverpool and Manchester are gaining momentum in the property market due to rapid changes throughout the region and regeneration projects adding economic growth. Regeneration schemes such as the Liverpool Waters, Northern Quarter apartments, and Ropewalks have all significantly contributed to the popularity of these cities.
The Manchester property market is a lucrative opportunity for any investor who wants high rental yields and growing capital appreciation on their property. Plus, there are a plethora of developments across the city that could offer you a successful investment. Keep in mind that buy to let properties are popular in Manchester due to the increasing demand for rentals in the city centre. As more young people decide to rent property rather than buy their own, the market is open to endless opportunities.