Thursday January 24 2019

St George's Island offers buy-to-let opportunities to investors in Manchester

St George's Island offers buy-to-let opportunities to investors in Manchester

There can be little doubt that Manchester is one of the most exciting cities in Europe right now, in fact, you could even make a very strong case for it being a global destination city. It’s certainly an exciting destination for property investors and the St George’s Island development is a great opportunity to acquire a high-quality Manchester buy-to-let property at a very attractive price.

Manchester is the focus of the Northern Powerhouse initiative

Over recent years, Manchester has reinvented itself from being the former stronghold of traditional, heavy industry, to being the beating heart of a modern and diverse economy with particular strength in the digital and creative sectors. This economic strength has attracted numerous incomers to the city, some as permanent residents and some as temporary visitors, which has natural invigorated the housing market. Even though there has been clear house-price appreciation in Manchester, housing is still very affordable compared to the south of England and hence even though headline rents are typically much lower (on a like-for-like basis), landlords can expect to achieve very acceptable yields (especially compared to the south of England).

St George’s Island has an outstanding location

One of Manchester’s many claims to fame is its outstanding transport links. It has its own regional airport, which now serves a very impressive number of global destinations, no fewer than three mainline train stations (with HS2 on the way), the Metrolink and an excellent bus service, including both local buses and long-distance buses.

All of these can be accessed easily from St George’s Island, in fact Cornbrook Metrolink station is just 7 minutes away by foot and the Deansgate train station is only 15 minutes away by foot. There is secure, allocated, underground parking for those who wish (or need) to have access to a car. Having said that, anyone simply wishing to head into Manchester city centre can do so on foot, in fact, the journey is a very pleasant stroll along the canal.

Only one apartment still available

The St George’s Island development is already complete and most of the units have already been purchased. With limited availability, a two-bedroom apartment covering 58.5 square metres is priced at £220,000. The master bedroom is 4.4m x 2.7m and has an en-suite shower room, while the second bedroom is 3.3m x 2.7m. This means that both are genuine doubles and as such as suitable both for adult sharers and for families.

The main bathroom is a generous 2.3m x 2m and so has space for a bath, thus catering for both bath-lovers and shower lovers and proving a convenient option for washing younger children. There is ample space for storage throughout the flat and, in particular, there is a very useful storage cupboard right beside the entrance. 

For more information on St George's Island, please contact Hopwood House.

"All the apartments in this highly sought-after development enjoy a 24-hour concierge service and benefit from a south-facing balcony and views over the canal."
Mark Burns

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