Middlewood Plaza Manchester

Middlewood Plaza is an exciting new development in the heart of the Middlewood Locks regeneration zone, offering investors an estimated 5% rental return.

HIGHLIGHTS:

  • Prices from £156,000
  • Estimated 5% rental return
  • Completion: Q3 2019
  • 127 apartments
  • Leasehold: 250 years
  • Facilities include gym, nursery and medical centre
  • Located in Middlewood Locks, provides pedestrian access between Salford and Manchester city centre

 

INTRODUCTION:

In the heart of Middlewood Locks, Middlewood Plaza is a combination of 125 sleek apartments, townhouses and duplexes across split height blocks of six and nine floors. Investors will enjoy a 5% rental return on their investment, in the largest of Manchester's three main regeneration corridors.

 

OVERVIEW:

Middlewood Plaza is where family atmosphere meets urban living. As an investor, this primely located property, is a superb option to be a part of Manchester's regeneration with an estimated 5% return. This stunning development is arriving to answer the demand of working professionals and young families in both Manchester and Salford. Tipping the scale of luxury living, Middlewood Plaza offers spectacular living spaces to complement the dynamic environment of the location undergoing mass regeneration. The contemporary interiors complete with fully fitted bedrooms, kitchens and bathrooms featuring breathtaking views are proof of a new era of design standards.

Middlewood Plaza is designed to be more than simply a home, but a lifestyle. To add to the experience that the state-of-the-art apartments offer, the property possesses a number of facilities including a gym, restaurants, bars, nursery and on-site medical centre.  Complete with smart technology, private access to a rooftop terrace, secured underground parking and cycle bays, Middlewood Plaza is a future proof property investment.

 

PAYMENT STRUCTURE:

  1. Reservation fee: £5000
  2. Exchange: 25% (minus reservation fee)
  3. Completion: 75% (minus reservation fee)

 

FINANCIALS:

Middlewood Plaza's offers investors 5% rental return with a ground rent of 0.01% of purchase price. The leasehold is 250 years and this property charges a £2 per sq. ft. service fee.

See table below for an example of the amount of returns you could earn:

 

UNIT PRICEYEAR 1YEAR 2YEAR 3YEAR 4
£156,000£1,560 £7,800£15,600£23,400

 

WHY INVEST IN MANCHESTER?

Manchester is currently undergoing a significant regeneration, in Manchester Bolton and Bury canal, alongside Middlewood Locks running from 2015 to 2030. With thousands flocking to Manchester for its favourable rental prices, education and employment, demand for residential accommodation in Manchester is high, to house the estimated 625,000 residents by 2025. With Manchester's property value increasing by 29.22%, with apartments enjoying a 32.01% increase, Manchester is an excellent city for property investment.

Due to the affordable prices in Manchester, hitting £190k below the national average of £280k, Manchester is a phenomenal opportunity. As a result of the active creative scene of the Northern quarter and consistent economy from the Old Trafford area, Manchester is on track to form a super economy of £300 billion, larger than economical counterparts Taiwan, Sweden or Denmark.  With predictions for Manchester to outgrow the capability of cities including Berlin, Paris and Tokyo by 2020, it comes as no surprise that Manchester is experiencing some of the highest levels of property price growth in the country.

Manchester is rich in heritage with both local and international modes of transport to support the established economy of the city. With the largest airport outside of London, flying to over 25 destinations, Manchester is identified by overseas investors as a source of opportunity, with major strategic developments. Manchester is identified by overseas investors as a source of opportunity, with key developments including Media City UK, home to one of the largest regeneration schemes in the UK with Beijing Construction Engineering Group, the Cooperative's £800m Noma, and the new £750m First Street development, offering a compelling blend of culture, retail and leisure.

With JLL projecting rent increases of 4.2% across Manchester over the coming five years, and the city being home to one of the highest proportions of private rentals in the UK. Manchester offers solid credentials as one of the most promising buy-to-let locations in the UK.

 

 

For further details call (0)20 8445 6542 or email info@tarquinjones.com.

 

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Contact Us

Headquarters

Balfour House, 741 High Road,
North Finchley, London, N12 0BP

Call Us

+44 (0)20 8445 6542

Email Us

 info@tarquinjones.com

AdminMiddlewood Plaza – Manchester