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£295,000
OnTheMarket > 14 days

2 bedroom apartment for sale

Garden Lane Apartments
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Apartment
2 bedroom
1 bathroom

Key features

  • NEW DEVELOPMENT
  • STRONG YIELDS
  • STRONG TENANT DEMAND
  • PRIME LOCATION
  • 1, 2, 3 BED AND DUPLEX APARTMENTS AVAILABLE
  • LUXURY FINISH THROUGHOUT
  • CLOSE PROXIMITY TO EVERYTHING MANCHESTER AND SALFORD HAVE TO OFFER
  • HIGH SPECIFICATIONS THROUGHOUT

Property description

OVERVIEW  

A stunning new vibrant community situated In the heart of Salford and Manchester, perfect for those who desire a life that is beyond normality. This exquisite development is perfectly located a short commute from everything that the cities have to offer. .  

THE APARTMENTS  

This is a quality, contemporary building minutes from everything that both cities have to offer which is designed to surpass high expectations – the perfect work-hard-play-hard home in the city centre. Far more than a place to rest your head, it is the ideal modern home where the extraordinary comes as standard.

All apartments have been designed in a manner that will reflect your desired lifestyle. Bespoke designs paired with a high-quality specification elevates the apartments to luxury status, significantly surpassing the competition.

The Residents' needs are at the heart of each home. The apartments boast an open-plan layout, floor to ceiling windows and strategically designed lighting schemes, presenting a living environment that caters to both health and wellbeing.

The fittings, fixtures and furnishings are carefully selected by an expert team in interior design who will help to create a sophisticated and stylish home. 

MANCHESTER  

STUDENT COMMUNITY  

With around 100,000 students in the city, Greater Manchester is home to one of the largest students communities in Europe. Students flock to Manchester from all over the globe, with international students from almost every country on Earth living here.

Additionally, Manchester has a fantastic graduate retention rate. Over half of all higher education leavers decide to stay in the city, creating great opportunities for buy-to-let investors interested in renting to young professionals 

ECONOMY  

Europe's second-largest cluster of creative/ media businesses
Home to the £28.5 million Cancer Research Centre – one of the UK's most innovative medical research facilities

A world renowned education sector, with a 105,000 student population as well as a graduate retention rate of 51%, for instance.
Oxford University economists predict that job growth in the city will exceed many international capitals including Paris, Berlin and Tokyo.
Many UK businesses are 'Northshoring' to Manchester. This is expected to create 55,000 new jobs by 2025. Additionally, adding £19 billion Total Gross Value to the economy and increase residents' disposable income by 28% 

PROPERTY MARKET  

Since 2015, house prices in Manchester have increased by 32.5% and are set to grow by another 22.8% by 2022. Average rental yields in Manchester are currently reaching as high as nearly 8% in the M14 and M11 postcodes.

Manchester has undergone 7% population growth during the previous decade, reaching over 2.7 million in 2019. Furthermore, Manchester's population is expected to increase consistently over the next few years, reaching more than 3 million by 2035. This has led to high demand for housing in a city without enough supply 

INVESTMENT CASE  

Since 2018, Manchester has successfully achieved a higher rental and higher price growth than the average in the UK. As a result of this, you should achieve some of the UK's highest short and long-term property investment returns.

The city Is experiencing a significant undersupply, with Manchester's population rising at 15 times the rate new homes are being built, resulting in City Centre apartments getting up to 10 enquiries per property and some are tenanted within one hour, meaning now is the perfect time to invest in Manchester.

Manchester's property market also holds an impressive history; with property price growth in Manchester exceeding the UK average for five consecutive year, from 2013-2018. Within the 12 months to June 2018 alone, the average property values in Manchester increased by 7.4%, and within six years between November 2011 and November 2017, prices of apartments increased by 51%.

Even though the pandemic impacted the UK's housing market, Manchester has remained a hotspot for property investment. Despite the property market freezing during lockdown, Manchester is still expected to record a house price growth of 4.1% during 2020, as opposed to the UK average of 2.9% 
    North Property Group are one of the few remaining independently owned sales, lettings and investment agents in England. This allows us  to work exclusively for the benefit of our clients helping them to buy, sell, let or rent properties across the UK.

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