June 15, 2017— Growing faster than any other city in the UK, it is predicted that house prices in Manchester will grow by an impressive 28.2% by 2021 according to Hometrack.
In addition to residential property growth, Manchester is expected to see faster office-based growth employment than Greater London and all key UK regional cities over the next five years reports Savills.
- Manchester house prices predicted to grow 28.2% by 2021 (Hometrack)
- Around 4,000 jobs set to be created in the Manchester region over the next 5 years (Savills)
- Up to 25% boost in house prices from the restoration of canals (Canal & River Trust)
- Waterside living in Manchester from just £105,000 (Surrenden Invest)
Increasing demands from a range of sectors such as media and technology are estimated to create around 4,000 jobs in the Manchester region over the next 10 years, with demand for housing also rising in line with this progression.
With one of the highest population densities outside the capital, living space within Manchester is at a premium forcing housebuilders to seek alternative areas of the city within which to build new homes.
Known as the “Venice of the North” due to its miles of canals (including the 36-mile long, 19th century Manchester Ship Canal which at the time was the largest river navigation canal in the world), Manchester holds a long and affectionate history with its waterways and now views them as pivotal to the making of the city once again.
Millions have been spent on clearing and restoring Manchester’s waterways, enabling formerly derelict canal side land to be put back into use thus creating communities with space, leisure activities and high living standards.
Indeed, a report by Dr Nicholas Falk for URBED found that the urban waterfront is a vital part of national heritage and the Canal and River Trust suggest that property values can be boosted by as much as 25% from the restoration of canals.
“Waterfront living provides welcome breathing space for people living in overcrowded communities. Living on a canal has and always will hold great appeal; the calming nature of being close to the water combined with the leisure activities available makes homes such as those at Royal Canal Works a true urban oasis.”
Jonathan Stephens, Managing Director, Surrenden Invest
Royal Canal Works, available through leading investment agency Surrenden Invest, is a brand-new canal side development adjacent to the tranquil suburb of Choltorn – one of the most sought after areas to live in southern Manchester.
A stunning contemporary collection of 43 beautifully appointed one and two bedroom apartments with private terraces and waterfront views, Royal Canal Works offers architecturally landscaped gardens and a courtyard along with secure parking and CCTV.
Being just 15 minutes from the city centre, Royal Canal Works boasts city standard living but all of the perks of life in the suburbs. The apartments are expected to be highly prized by families and young professionals who have been priced out of the city centre but are not prepared to compromise their standard of accommodation.
Apartments are available from just £105,000 with an attractive 6% NET yield. For more information, visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.