The new Bridgewater Wharf development in Manchester helps to address the lack of affordable accommodation in the area, brought about by the continued economic development in the north of England in general and in Manchester and Salford in particular.
Accommodation ranges from studios to townhouses
There will be a total of 376 properties, set across 8 stories and ranging from studios to 3-bedroom townhouses. This is to ensure that there is not only sufficient choice for the increasing numbers of young adults who are coming to the Greater Manchester area for work and/or study, but also sufficient family homes available for those who wish to put down their roots in the area. In addition to the three-bedroom townhouses, there are also three-bedroom flats on offer, which provide family accommodation at a very affordable price and could also be of interest to investors, for groups of young-adult sharers.
Bridgewater Wharf benefits from excellent transport connections
Although there is a bus stop, literally just a short walk from Bridgewater Wharf, many of the places residents are likely to want to go are within feasible walking or cycling distance. For example, Media City UK is just over a mile away while Salford Centre and Manchester city centre are both less than two miles away. Metrolink lines 3 and 7 both run close by and can take local residents to either Media City UK (home of the BBC, ITV and other media companies) or Manchester city centre, and of course Manchester has extensive rail and road connections with the UK as a whole, for example a train from Manchester to London takes about two hours. Manchester has its own local airport and this provides direct flights to a number of national and international destinations.
Residents of Bridgewater Wharf enjoy tranquility but are close to many amenities
The Salford Quays area has become extremely popular because the suburban location offers a tranquil environment, which is perfect both for families and for young professionals and even students who prefer to live in a relaxing atmosphere and see home as a place to unwind rather than as a place to get ready for their next social event. At the same time, the proximity of Manchester city centre means that all the cultural and leisure attractions of the big city are right there when you are in the mood for them.
Buyers can benefit from capital appreciation and investors from solid yields
Buyers can secure their property for only £5,000 with a further 25% of the purchase price being payable upon exchange of contracts. Another 25% of the price is due 9 months later with the balance being due upon completion. As property prices in the Greater Manchester area are on a steady upward trend, buyers are unlikely to have to wait long to enjoy capital appreciation on their property. Property investors will also be pleased to know that Manchester is known for providing very respectable rental yields and it is anticipated that the yields on properties within Bridgewater Wharf will be in the region of 6.8%.
For more information on property investment in Manchester or to enquire about Bridgewater Wharf, please contact Hopwood House.
"Due to a lack of high-quality apartments in the local area, Bridgewater Wharf is set to become extremely popular with young professionals and investors alike."
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