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For Sale - Liverpool Street, Salford, M5 - From £249,664

Property photo 1, Liverpool Street, Salford, M5

MIDDLEWOOD PLAZA | 2 BEDROOM TOWNHOUSES FROM £249,664

Middlewood Plaza is 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, Middlewood Plaza 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 125 homes across the site, in the largest of Manchester’s three main regeneration corridors.

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.

WHY INVEST IN MANCHESTER?

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

PAYMENT PLAN

- Reservation Fee: £5,000

- Exchange of Contracts : 25% minus reservation fee, On Completion: 75%