Neighbourhood Watch: Northern Quarter, Manchester

Neighbourhood Watch: Northern Quarter, Manchester

Northern Quarter Sandwiched between Piccadilly and the Ancoats, the Northern Quarter retains a unique character and charm. Located around the revamped High Street and the ‘original Northern Quarter’ on Oldham Street, it’s next to both the Arndale Centre and Piccadilly Gardens, and now stretches up to Piccadilly Basin, next to the station, taking its name from the M4

Neighbourhood Watch: Northern Quarter, Manchester

Northern Quarter

Sandwiched between Piccadilly and the Ancoats, the Northern Quarter retains a unique character and charm. Located around the revamped High Street and the ‘original Northern Quarter’ on Oldham Street, it’s next to both the Arndale Centre and Piccadilly Gardens, and now stretches up to Piccadilly Basin, next to the station, taking its name from the M4 postcode, in which it sits.

Retail

 

Affleck’s Palace

The heart of Manchester’s urban creative scene, Northern Quarter is home to countless independent fashion stores, record shops, cafes. Bars and restaurants and the world-famous Affleck’s Palace, providing affordable outlets for independent designers and traders across four floors.

 

Retro Rehab

Home to Manchester’s independent shopping scene, the Northern Quarter’s top retail attractions include Retro Rehab, a vintage clothing boutique, offering unique vintage and hand-tailored clothing and accessories while the Manchester Craft & Design Centre, housed in the beautifully restored former Victorian Fish and Poultry Market, is home to an array of artist-run studios offering the best in local design, jewellery, bags and accessories.

Cuisine

 

Cafe Pop

More than a quirky shopping utopia, the Northern Quarter’s eateries are a big success with Café Pop and Oklahoma among the hotspot eateries. Among the variety of cuisine available in the Northern Quarter, Cottonpolis pays homage to Manchester’s industrial past. Hidden behind Piccadilly, the venue offers an exclusive experience boasting unique cocktails, delicious bites and some of the best DJ’s on Manchester’s music scene. Their Japanese inspired menu is served daily from 12-10pm with the bar staying open till 12am Monday-Wednesday and till 2am Friday and Saturday.

 

Cane & Grain

Alternatively, a celebration of American food, Cane and Grain offer three floors of rum, ribs and beef. Their first floor Rib Joint is perfect for a lunchtime beer with a stack of short ribs, while the Science & Industry area is ideal for a sophisticated cocktail.

Nightlife

 

Dive NQ

The Northern Quarter has established itself as the most popular place to go for a night in Manchester, with some of the city’s best independent bars and traditional pubs to be found here. The Northern Quarter also has a high proportion of live music venues with the long-standing Band On The Wall, Night & Day Cafe, Dry Bar and Matt & Phreds Jazz Bar all enjoying a great resurgence.

NQ offers everything from live DJ’s and entertainment to bites, beats and liquor with the stars of the show being the giant sharing cocktail buckets.

 

The Bay Horse Tavern

Alternatively, The Bay Horse Tavern is a Victorian pub with a modern twist. Positioned in the heart of Manchester’s Northern Quarter, The Bay Horse is a laid-back pub with charm acting as a home away from home, with a vast range of gins, craft beers and other libations.

Final Note

Northern Quarter stands as a hotspot for Manchester’s economy. The large numbers of students and young professionals make the neighbourhood a fantastic opportunity for hotel, residential, student and commercial property.

Ready to see Manchester properties? Email us at info@tarquinjones.com for more details.

 

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Neighbourhood Watch: Salford Quays, Greater Manchester      

Neighbourhood Watch: Salford Quays, Greater Manchester      

Salford Quays Home to Salford’s largest regeneration plans, the Salford Quays is Greater Manchester’s exceptional waterfront destination excelling in retail, culture, media, technology and transport. Tourism A budding tourist attraction, Salford Quays takes full advantage of its position by the waterfront and Greater Manchester’s history. Manchester City Centre allows customers to enjoy the vast of

Neighbourhood Watch: Salford Quays, Greater Manchester      

Salford Quays

Home to Salford’s largest regeneration plans, the Salford Quays is Greater Manchester’s exceptional waterfront destination excelling in retail, culture, media, technology and transport.

Tourism

City Centre Cruise

A budding tourist attraction, Salford Quays takes full advantage of its position by the waterfront and Greater Manchester’s history. Manchester City Centre allows customers to enjoy the vast of the city sailing down The Manchester Ship Canal and River Irwell to connect with the Salford Quays.

Retail

Lowry Outlet

Manchester’s only outlet mall with 85 stores on two floors, with up to 60% off designer shopping all year round. Discount retailers include famous names for clothing such as Whistles and Flannels as well as homeware and cosmetic companies. After your shopping unwind at the 400-seat food court with restaurants and cafes. The centre also has a health and fitness centre and a seven-screen cinema.

Culture

IMAGE: Helly Hansen Watersports Centre

Helly Hansen Watersports Centre

The contemporary area is booming with entertainment activities from theatre and cinema to sport and museums. The Helly Hansen Watersports Centre at The Quays is a unique sporting venue which is well placed and perfect for taking to the water.

The Lowry

The Lowry is a celebration of the arts, embracing local talent through a diverse programme of theatre, opera, musicals, dance, music, comedy and visual art.

Regeneration

MediaCityUK

Salford Quay’s is home to MediaCityUK, Manchester’s international hub for technology, innovative and creativity.  Featuring companies such as BBC, ITV, Kellogg’s and Ericsson the 200-acre mixed-use property development, is a focal point for nurturing the best talent and host to a wide variety of leisure activities on the bank of the Manchester Ship Canal.

As part of the £800m Salford Quays 2020 Masterplan, Salford Quays is set to welcome its tallest tower yet, along with two flagship towers and 628 car parking spaces.

Final Note

Taking full advantage of Manchester’s rising economic growth, Salford Quays is in the perfect position for residential, student and commercial property.

Interested in Salford properties? Email us at info@tarquinjones.com for more details.

 

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Neighbourhood Watch: Deansgate, Manchester  

Neighbourhood Watch: Deansgate, Manchester  

Deansgate, Manchester The epicentre for Manchester’s creativity, Deansgate combines a rich history of culture dating back as far as the Roman Empire. Home to the towering Hilton Hotel, the stunning John Rylands Library and Deansgate Locks, Deansgate is a hotspot for Manchester’s nightlife. Transport Boasting its own train station by Deansgate Locks, the trendy neighbourhood

Neighbourhood Watch: Deansgate, Manchester  

Deansgate, Manchester

The epicentre for Manchester’s creativity, Deansgate combines a rich history of culture dating back as far as the Roman Empire. Home to the towering Hilton Hotel, the stunning John Rylands Library and Deansgate Locks, Deansgate is a hotspot for Manchester’s nightlife.

Transport

Deansgate Railway Station

Boasting its own train station by Deansgate Locks, the trendy neighbourhood is well connected to Manchester’s city centre. In addition, the tram system is on hand to commute conveniently around the city.

Nightlife

Living Room

Home to some of Manchester’s trendiest bars, Deansgate has a thriving night scene. From the original Living Room and La Tasca, Deansgate has an array of cocktail bars, traditional pubs, wine lounges, TIKI dives and rock clubs.

Cuisine

The Botanist

A popular area for young professionals, Deansgate has an array of restaurants, cafes and bars to appease the local community and tourists. Among the fantastic offerings of eateries, The Botanist is revered for its eclectic gluten-free friendly menu and Australasia’s exotic atmosphere.

Retail

The Great Northern, Manchester

A short walk from Oxford Road, shopping is a highlight for many a Mancunian. A popular shopping hotspot in Deansgate is Shopping Complex, The Great Northern. Built by Great Northern Railway between 1896-1899, it is 267 ft long, 217 ft wide, 75 ft and 5 storeys high. Encompassing restaurants, entertainment, gyms and shopping, The Great Northern is a powerhouse in Manchester’s booming economy.

Final Note

Deansgate stands as a hotspot for Manchester’s economy. The large numbers of students and young professionals make the neighbourhood a fantastic opportunity for hotel, residential, student and commercial property.

Ready to see Manchester properties? Email us at info@tarquinjones.com for more details.

 

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The Rise of the Staycation

The Rise of the Staycation

Long Live the British Holiday Ayia Napa or Robin Hood’s Bay this summer? As the temperatures rise in the run-up to summer’s arrival, the annual summer holiday planning for many a Brit is taking place. The regular beach destinations including Mykonos (Greece), Lanzarote (Canary Islands), Menorca (Spain) and Algarve (Portugal) have long been favoured for

The Rise of the Staycation

Long Live the British Holiday

Ayia Napa or Robin Hood’s Bay this summer?

staycation, aiya napa, domestic tourism, summer holiday, destination holiday,

Aiya Napa

As the temperatures rise in the run-up to summer’s arrival, the annual summer holiday planning for many a Brit is taking place. The regular beach destinations including Mykonos (Greece), Lanzarote (Canary Islands), Menorca (Spain) and Algarve (Portugal) have long been favoured for their serene ambience, cultural atmosphere and performance as an escape from the grind of daily life. The beauty of Cornwall’s Talland Bay and Wales’  Llanddwyn Island, has worn away the allure of Europe, in favour of a staycation. At the same time, those of us who prefer skiing on Christmas Eve, to relaxing at home, are trading La Plagne and Livigno for Glenshee and Manchester. Data from the Great British Staycation, revealed that in 2018, 52% of 25-34-year olds took holidays within the UK for tourist attractions and financial benefits.

Robin's Hood Bay, staycation, domestic tourism, hotel property,

Robin Hood’s Bay

With the looming presence of Brexit, the magnetism of British soil is leading many holiday goers to forfeit the passport stamps in favour of domestic tourism. With the decline of the pound’s value on the global market and the impending costs of VISAs to travel within Europe, the UK has become a holiday hotspot. Tourism and marketing expert Dr Sheila Malone of Lancaster University said there had been a noticeable movement in trends following the Brexit referendum. She told Sky News: “That seemed to trigger a different kind of consumer sentiment in terms of spending – a little bit more cautious, looking for a bit more security in how they (British holidaymakers) are spending their money.”

What does this mean for the tourism industry?

Trafford Hall Hotel, Old Trafford, Manchester, Hotel Property, Domestic Tourism,

Trafford Hall Hotel, Manchester

The increase in domestic travel over overseas trips, while initially was driven by the rising costs, has become a trend, holiday goers and travellers desiring multiple short breaks throughout a year, no necessity for travel insurance, last minute holidays and reasonably priced packages. Additionally, as the pound has weakened international tourism has increased, making the UK a hotspot travel destination both nationally and across the globe. Locations such as Manchester draw consumers from all walk of life including sport and theatre.

Hotel Property

The rise in staycations stands to benefit the UK tourism industry, expected to be worth £257 billion by 2025. The hotel industry reached a total turnover of £98bn in 2017 proves the demand for quality hotels in the UK is higher than ever before.

Epic Hotel, Hotel, Liverpool, Hotel Property, Domestic Property,

Epic Hotel, Liverpool

Most popular in London & Blackpool, Hotel Property is a smart method of property investment, given the lower entry cost compared to residential property and student property. It’s an ideal method to invest in the British economy and support an industry with rapid growth. As a hands-off management investment, the hotel property is a passive income and as most investment deals offer to buy back in year 5, it’s an intelligent short-term investment.

Interested in hotel properties? Email us at info@tarquinjones.com

 

 

 

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Why the cool kids of property are falling in love with Middlewood Locks regeneration…

Why the cool kids of property are falling in love with Middlewood Locks regeneration…

Manchester never fails to impress, from sport and theatre to entertainment and property. Demand for the rainy city is seeing property value increasing by 29.22%, thanks to the rise in people heading to Manchester for the growing job prospects. The regeneration plans have completely reinvented the city, with new neighbourhoods evolving to meet the growing

Why the cool kids of property are falling in love with Middlewood Locks regeneration…

Manchester never fails to impress, from sport and theatre to entertainment and property. Demand for the rainy city is seeing property value increasing by 29.22%, thanks to the rise in people heading to Manchester for the growing job prospects. The regeneration plans have completely reinvented the city, with new neighbourhoods evolving to meet the growing demand. Middlewood Locks, an exciting new neighbourhood by Salford Central railway station is the biggest scheme of regeneration in the Manchester area.

Community

Cleverly located by the waterside, Middlewood Locks offers the serenity of suburbia with the excitement of city life, an innovative place of business and a new location for shops, hotels, restaurants and bars, public open spaces, only ten minutes away from Spinningfields. More than just a neighbourhood, the £1 billion regeneration, Manchester’s most vibrant, and soon to be the favoured place to live among young professionals and growing families, is a lifestyle compiling of amenities including a gym, bar, nursery and medical centre.

Green Space

In the clean and open spaces featuring nature trails and cycle paths, Middlewood Locks offers relaxing greenery by the beautiful canal. Complemented by the beautiful trees, the park life will be a welcome calmness from the hustle and bustle of city life, operating at a slower pace.

Transport

The attractive 24.5acre site offers the gift of transportation with Manchester City Centre within walking distance and main transportation links only a mile away. The local area offers a host of developments coming from source including The Greengate Generation to revive 13 hectares in order to reconnect the historic centre of Salford with Manchester’s modern vibrancy. Additionally, Irwell River Park is creating an international waterfront destination providing a range of environmental improvements for sustainable transportation in addition to commercial and residential development.

A place to call home.

A place to live, work and relax, Middlewood Locks, plays host to Middlewood Plaza, an impressive development featuring split-height blocks of six and nine storeys, with a total of 125 homes across the site.

 

  • Smart technology included as standard, for a future-proofed development
  • An appealing mix of apartments, townhouses and duplexes
  • High-quality kitchens and bathrooms included as standard
  • Secure underground parking
  • Dedicated cycle bays
  • Fully wheelchair accessible apartments
  • All apartments serviced by fully maintained lifts
  • Whole-house ventilation and sprinkler system protection
  • Private roof terrace access for all residents

 

As an investment, Middlewood Locks is showcasing the future of property: a combination of the quietness of suburbia and the cosmopolitan of the city. Middlewood Locks is the answer for the accommodation needs of the Manchester urban professional. Mixing luxury living spaces with close-knit amenities means the demand for tenancy will be high upon completion.

For more information about Middlewood Plaza, please call (0)20 8445 6542 or email info@tarquinjones.com

 

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Features of Manchester

Features of Manchester

Manchester, they do things differently. First said by Tony Wilson otherwise known as ‘Mr Manchester’, the often-named Capital of the North is the 2nd largest city in the UK after London and is known as a hotbed of British history and culture. Here are some of the features which define Manchester as one of the

Features of Manchester

Manchester, they do things differently. First said by Tony Wilson otherwise known as ‘Mr Manchester’, the often-named Capital of the North is the 2nd largest city in the UK after London and is known as a hotbed of British history and culture.

Here are some of the features which define Manchester as one of the UK’s best and most important cities historically and in the present era.

It began as a Roman fort in AD 79.

Manchester has been responsible for many of the world’s most technological advances and cultural landmarks which can all be traced back to one Roman fort named Mancuniam way back in AD 79. Its citizens are known as ‘Mancunians’ in relation to this.

It’s most linguistically diverse city in Western Europe.

With a population of 2.5 million people, 200 languages are spoken in Manchester, reinforcing the fact it is a true international city. It has the second largest Chinatown in the UK and the third largest in Europe, containing many Chinese, Japanese, Thai and Malaysian restaurants amongst others.

It is the football capital of the world!

Football defines Manchester and it’s a known fact Manchester United are one of the biggest and most successful football clubs in the world. They compete regularly with local rivals Manchester City in the Premier League in one of the fiercest derby games in English football. The National Football Museum is also located in Manchester which preserves and contains football memorabilia.

It was the world’s first industrial city.

Manchester has a rich industrial heritage and had a huge role in Britain’s Industrial Revolution in the 19th Century. Fact is, the city was referred to as Cottonopolis because of its role in the cotton industry and was also famous for its textile manufacturing.

The atom was split in Manchester.

This was a major scientific breakthrough that shaped how we all live our lives today. In 1911, Ernest Rutherford was able to split the atom and create a new scientific discipline of nuclear physics. He did so whilst in the Chair of Physics at Manchester University.

It’s famous for its music scene.

Many of the UK’s best musicians and bands have originated from Manchester including Oasis, The Smiths, Joy Division, The Stone Roses and The 1975. Many of these bands amongst others formed part of the ‘Madchester’ music scene during the 1980s/90s. Two famous symphony orchestras are also from Manchester, those being the Halle and the BBC Philharmonic.

Rolls Royce was founded there!

Rolls-Royce is one of the most famous British luxury car producers known globally which all began in Manchester. In 1904, Henry Royce was introduced to Charles Rolls and two years later the entrepreneurs founded Rolls-Royce Ltd, and it has since evolved into a global brand that many around the world want to drive. In 2017, Rolls Royce announced its second highest sales record in its 113 year history.

It has the world famous ‘Curry Mile!’

Over 70 South Asian cuisine restaurants are located within half a mile next to each other in Manchester. An interesting fact is that this is the largest concentration of South Asian restaurants outside the Indian subcontinent. Britain sure does love its curries and nowhere more so than Manchester.

It has the largest student population of any city in Europe.

Over 100,000 students study in Manchester, many of which attend the University of Manchester which is known as one of the best universities in the UK. In fact, 25 Nobel Prize winners have worked or studied there including Ernest Rutherford and James Chadwick noted for their work on nuclear fission.

It had the first ever free public library.

Chethams Library was opened in Manchester in 1653 and is still open to this day. It stands as the oldest public library in the English-speaking world and holds over 100,000 volumes of printed books. Karl Marx often frequented Chethams Library and started writing ‘The Communists Manifesto’ there.

It had the world’s first passenger train station.

Founded in 1830 in tandem with Liverpool, the station linked the two cities together in the North West of England. It was the first railway to rely exclusively on steam power and to have a double track throughout its length.

It is a UNESCO City of Literature.

Many famous writers have originated or based themselves in Manchester down the years. Charles Dickens is reputed to have set his novel ‘Hard Times’ in the city and Anthony Burgess wrote his most well-known work here, A Clockwork Orange. Karl Marx and Friedrich Engels would go onto found Marxist Theory together and published the book ‘The Conditions of the Working Class in Britain’ in 1845 which was based on their personal observations and research in Manchester.

Manchester is consistently ranked as both a fantastic city to live in as well as invest in which appeals to many investors looking to maximise their return on investment in a city they know is a fundamentally sound option.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

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Best Northern UK cities to invest in

Best Northern UK cities to invest in

The Northern Powerhouse continues to have the desired effect of regenerating major northern UK cities. As a result of this, investors looking for excellent Buy-To-Lets delivering on capital growth and rental returns are turning to these northern hotspots. IP Global’s latest report has listed the following as the best UK northern property hotspots- Liverpool The

Best Northern UK cities to invest in

The Northern Powerhouse continues to have the desired effect of regenerating major northern UK cities. As a result of this, investors looking for excellent Buy-To-Lets delivering on capital growth and rental returns are turning to these northern hotspots.

IP Global’s latest report has listed the following as the best UK northern property hotspots-

Liverpool

The North West of England in general is a prime property hotspot and Liverpool sits right at the heart of all the regeneration the region is experiencing. £5.5 billion has gone into the city centre alone in terms of rejuvenating the cities infrastructure, transport links and amenities. This money has trickled out into surrounding areas like Bootle and Birkenhead which combine excellent rental yields with capital appreciation- the L7 postcode alone is bringing in average rental returns of a huge 12.63%.

House prices in Liverpool have risen by 2.4% over the last year and monthly rents have risen by 5.2% over the same time period to £765. Properties in the private sector are becoming more and more popular with landlords with 26% of all homes built last year being bought by investors. This just goes to show the city is proving popular with those looking to capitalise with Liverpool set to become a true international city in the upcoming years.

Manchester

Forming part of the North West with Liverpool, Manchester is also pinned by IP Global’s report as a major property hotspot. JLL predicts rental growth to hit 16.5% over the next four years, average yields in the city are currently around 7%, with properties priced at an average £182,630 – a 10.4% rise over the past year according to the figures.

Graham Davidson, managing director at Sequre Property Investment, said: “Investors who continue to chase capital growth in the south rather than switching to the north-west may find themselves struggling not only to break even on rental yields, but to make any capital growth profit.”

Birmingham

The prospect of HS2 has played a massive role in Birmingham’s status as a UK property hotspot. Many major companies and businesses have relocated there, HSBC and Deutsche Bank being two, and as such demand for property here is incredibly high. Here, yields according to IP Global are 6.2% annually, while an average property can be bought for £200,430, which is 8.9% higher than last year.

New proposed metrolinks running in the city centre easily links it to the HS2 station and Birmingham International Airport contribute to the major regeneration happening. With big works being done to Birmingham New Street station as well, many investors are eyeing up off-plan developments at the heart of all this with huge capital appreciation expected in the future.

The Birmingham area is set to be transformed for the 2022 Commonwealth Games, so investors who buy now will be set to benefit from this added investment as well.

Leeds

IP Global’s report shows that Leeds is struggling big time to meet the ever-growing demand for property. 90,000 new homes are needed by 2021 but there are only 60,000 in the pipeline. This shortfall is only set to bump up prices even further in Leeds with the city already rising by 4% over the last year. Rental growth is expected to rise by 18.8% by 2022 as well according to research.

Yields of 6.8% can be achieved in the area, with average homes costing £196,720 and rents fetching £947 a month.

Hamish Pound, the head of investment at IP Global, said: “We advise investors to focus on supply and demand because an imbalance here is likely to provide the greatest gains.”

A common feature of all these major cities is the fact they are all big student/university towns. This only serves to increase the demand further as more and more flock to these hotspots to study and live there. Prices can only go up further because of the supply struggling to meet this sustainable growing demand.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

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Best UK student towns to invest in

Best UK student towns to invest in

Student investment opportunities are proving a shrewd investment for those looking to capitalise on the shortfall of purpose build student accommodation (PBSA) being built in university towns across the UK. The student market has proven popular with many because of not only the lack of PBSAs but the increasing number of those studying in the

Best UK student towns to invest in

Student investment opportunities are proving a shrewd investment for those looking to capitalise on the shortfall of purpose build student accommodation (PBSA) being built in university towns across the UK. The student market has proven popular with many because of not only the lack of PBSAs but the increasing number of those studying in the UK including both domestic and foreign students. But which cities offer the best return on investment for student lets? We find out here in the Top 5 Student Property Towns to Invest In.

Liverpool

Liverpool is one of the best investment locations in the UK right now so it’s no surprise that a city with over 67,000 students living there is also one of the best student investment locations. Liverpool has 5 different higher educational institutes, including Liverpool University, within its Knowledge Quarter district and with a shortage of around 22,000 bed spaces in Liverpool for the cities student population, prices are only being driven up on the few PBSAs that are available. Brand new developments such as Aura in the city centre offer many investors an exciting town sure to deliver on capital growth and yields alike.

Manchester

Manchester has a huge student population with over 85,000 studying there so the demographic for anyone that owns student BTL property is huge. A total of 350,000 students are only an hour’s drive from Manchester as well, increasing the demand for student property even more. The graduate retention is 51% which is second only to London meaning that Manchester’s employers benefit hugely from having them there. 39,700 study at the University of Manchester alone and a further 19,000 at Salford University, meaning that sites like X1 The Campus are well placed to secure a good rental income whilst being in touch with the cities amenities.

Leeds

Leeds has long been a favourite town of those investing in student accommodation and, with so many top universities there such as the University of Leeds, Leeds Trinity University and Leeds Beckett University, it’s not hard to see why. The city has a student population of approximately 70,000 people and the amount of housing available through the University of Leeds is only 9,050, meaning that more and more students are turning to privately owned PBSA developments in the city centre. With high yields of around 8%, investors see Leeds as a great student town to put their money into.

Huddersfield

Huddersfield is recognised as a significant, established and growing student town popular with domestic and international students. The University of Huddersfield is home to more than 24,900 students and £80 million has been spent on the universities main campus in the last decade. There is a significant imbalance in terms of the PBSA sites in Huddersfield right now- many are outside the main town centre over 4 miles away and require hundreds of students to travel via bus to get there. Sites within walking distance of the universities however, like Crane Court, have an immediate advantage in this sense and as such many investors are buying into sites like this one which not only offers a stable income with great growth prospects but also are attractive from a resell perspective years down the line.

Sheffield

Over 63,000 students study in Sheffield every year including more than 7,000 overseas students making this location a prime town to invest in. Many major towns have an outstanding university but in Sheffield’s case they have two of the best and biggest- Sheffield University was named Times University of the Year back in 2011 and Sheffield Hallam University is the 4th largest university in the UK, meaning no investor should be stuck looking for a potential tenant in such a desirable area. Sheffield is one of the most popular places to study in the UK and interestingly has one of the lowest crime rates, marking it as a safe town to both invest and live in.

Bristol

Similarly to Sheffield, Bristol is also home to two excellent universities with the University of Bristol recognised as one of the UKs finest and the University of West England- between them they have around 50,000 students studying at both universities. Bristol itself is a major property hotspot- The Sunday Times voted it the best place to live in the UK in 2017 and this extends well to the student population. The University of Bristol accounts for 6,000 houses geared for its students and with so many more students needing somewhere to live, investors are taking a firm interest in the student lets market in Bristol. High yields of around 8% only cement this as an excellent student town to invest in.

There has been a significant increase in the popularity of student accommodation due to property investors searching for alternative investment markets. This extraordinary demand shows no sign of slowing down which means universities across the UK are now facing the problem of housing students. Many institutions fail to house their entire first year intake and accommodation for years 2 and 3 is even scarcer. Now, with approximately 493,000 students placed for the 2016/17 academic year according to UCAS, demand is skyrocketing; making this market as attractive to investors as it has ever been.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

 

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North West house prices on the rise

North West house prices on the rise

According to official figures, house prices in the North West of England rose the fastest compared to other regions in the UK during the past year. The Office for National Statistics (ONS) showed that annual prices in the region grew 5.6% from July 2017 to July 2018. In comparison, London prices fell by 0.7%, a

North West house prices on the rise

According to official figures, house prices in the North West of England rose the fastest compared to other regions in the UK during the past year.

The Office for National Statistics (ONS) showed that annual prices in the region grew 5.6% from July 2017 to July 2018. In comparison, London prices fell by 0.7%, a sharp reminder that the smart money from an investment point of view is going away from the capital and into England’s northern property locations.

Whilst the capital naturally has the highest average property price (£484,926) this doesn’t lend itself well to first time buyers or those with a limited cash budget. For those looking for property that provides a feasible entry point in terms of price, the North West is perfect whilst prices, for now, remain relatively affordable when compared to London.

Source- Office for National Statistics (ONS)

As the graph above demonstrates, house prices in the North West are rising at a faster rate than any other region in the country. This means that cities like Manchester and Liverpool, as well as towns in close proximity i.e. Salford, are prime investment locations for achieving capital growth, one of the main objectives for any property investor.

Prices on the rise in general

Despite what the mainstream press continues to put out regarding UK property, property prices are still on the rise as a whole across the country. The only caveat is that prices haven’t risen at the same rate as in previous years. Average house prices in the UK increased by 3.1% in the year to July. That was a slight fall from June’s 3.2% annual increase and the lowest UK annual rate since August 2013, when it was 3%. It’s worth bearing in mind however that this slight decrease is largely affected by the drop in London house prices, which affects the average on the whole.

Mike Hardie, head of inflation at the ONS, said: “UK house prices continued to grow, but at their lowest annual rate for five years, driven again by a fall in London.”

What property types are performing best?

Detached houses showed the biggest increase in the period, climbing by 4.6% in the year to July 2018 to £352,000.

The average price of flats and apartments increased by 0.6% in the 12 months to July, to £208,000, the lowest annual growth of all property types.

The weaker growth in UK flats was driven by negative annual growth in London for the property type, the ONS reported. London accounts for about a quarter of all UK flats and maisonettes changing hands.

Whilst it may be easy to look at houses as the superior option when it comes to an investment, they are invariably more expensive than apartments and usually have a much lower yield. They also have a narrower demographic- the ideal tenants for a house are usually families, whereas flats can house young working professionals, students, and smaller families amongst others. In these respects, apartments may be superior from a landlord’s perspective.

What about rents?

Separate figures from the ONS showed that the cost of renting in Britain rose by 0.9% in the 12 months to August 2018, unchanged from last month. But London prices decreased 0.3% over the period.

Kate Davies of the Intermediary Mortgage Lenders’ Association said: “While rent increases are subdued over the last 12 months, it is likely that this will only be a temporary respite.

“The cumulative impact of successive government regulation implemented two years ago, namely the 3% stamp duty surcharge and the removal of mortgage interest tax relief, means we may soon start to witness a more pronounced impact on the sector.”

The common consensus right now is that the ideal investment locations lie outside of London currently, and regions like the North West are where the smart money is going. This is because of the growing property prices, as evidenced by the ONS figures, and the high yields associated with northern property.

By achieving these two main property fundamentals, North West property looks to be a prime investment location for the remainder of 2018 moving forward into 2019.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

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Manchester- one of the UK’s premier investment hotspots

Manchester- one of the UK’s premier investment hotspots

Manchester has proven to a great investment location for many seasoned investors over the year and current projections show that the city is set to continue rising in terms of capital growth whilst maintaining good rental returns for the future. Many top agents such as Savills and JLL indexes are showing Manchester to be a

Manchester- one of the UK’s premier investment hotspots

Manchester has proven to a great investment location for many seasoned investors over the year and current projections show that the city is set to continue rising in terms of capital growth whilst maintaining good rental returns for the future. Many top agents such as Savills and JLL indexes are showing Manchester to be a desirable place to live with strong economic fundamentals whilst maintaining the relatively low property prices in comparison to London.

Here are 7 reasons why Manchester stands out right now as an investment location.

Supply and Demand

Manchester has one of the highest growing populations combined with one of the lowest levels of housing stock in the UK. The city is growing at three times the national average, rising by 19% between 2001 and 2011, and if this rate of population increases along with the amount of new properties being built continues, then Greater Manchester will have 1,500 more households than homes by 2026. Many investors are capitalising on this by investing in Manchester now whilst prices are still affordable.

A city experiencing big levels of capital growth

Manchester has often attracted investor attention because of the obvious fact prices are a lot lower than in the capital, but the levels of growth are the main reason to invest here. Manchester house prices have risen by 18% in the last 10 years rising from £152,282 to £181,292, and JLL are forecasting a 28.2% increase in the next 10 years.

London was one of the major cities able to rival the likes of Manchester for capital growth but, since Brexit, property has been fairly stagnant in the capital. As a result, the smart money is being invested in Manchester highlighting it as a great place to invest.

Booming economy

Manchester has the largest economic hub after the capital and many huge organisations and businesses have established bases there. The BBC most notably relocated their staff to Manchester from London in 2011 to the now established Salford Quays a short distance from the city centre. Other companies that have HQs in Manchester include Marks and Spencer’s, RBS, The Co-Operative and Siemens. This combined with growth in the engineering and technological sectors contributes to a property market currently outperforming anywhere else in the UK.

Great rental yields

Manchester is able to combine big levels of capital growth along with good rental yields, which is becoming a trend particularly in the North West of England. LendInvest detailed the 10 best Buy-To-Let hotspots across the UK in 2017 and Manchester was featured with an average yield of 6.11% and a rental price growth of 7.53% expected.

Average yields in Manchester have grown by an average of 6.02%, compared with a rise of just 4.71% over the same period in the highest yielding borough of London. This all points to Manchester delivering on both fronts in terms of capital growth and a respectable rental income.

The Northern Powerhouse

The government led Northern Powerhouse regeneration project has played a role in transforming Manchester into the international metropolis city it is today, and while there is no official capital of the scheme, Manchester is the largest city and has experienced many of its benefits.

70,000 new jobs are expected to be created in Greater Manchester’s financial and business sector over the next 10 years and HS2 is already having an impact in terms of capital growth as many investors are buying into the city centre early before prices go up because of it. £1 billion will be going into Manchester Airport which will improve the infrastructure and double its annual passenger capacity to over 55 million.  All of this will continue to make Manchester a bigger city that is sure to increase in value making it an excellent reason to invest there.

Student population and young professionals

Manchester has the largest student population of anywhere in Europe with over 100,000 students calling Manchester their home. The shortage of property for both those currently studying and recent graduates is alarming in comparison to the overwhelming demand for property needed to house them. This is pushing the prices on the property that is available upwards highlighting this as a reason why to invest in Manchester.

Everyone’s identifying it as an investment hotspot

All of the major investment agents, companies and news outlets are highlighting Manchester as one of, if not the best, places to invest in right now in the UK. The Telegraph published their article in early 2018 describing 2017 as a “phenomenal year” for those who invested in Manchester and that they “expect 2018 to be even better”. JLL are predicting a 28.2% growth there over the next decade and Savills have described “the demand for commercial Grade A office stock is so high that it’s spilling into secondary stock and pushing up rents there”.

Manchester is consistently ranked as both a fantastic city to live in as well as invest in which appeals to many investors looking to maximise their return on investment in a city they know is a fundamentally sound option. The North West in particular encompasses this, but Manchester currently stands above the rest in terms of where the smart money is being invested right now.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

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