Ancoats Gardens is an incredible opportunity for any investor looking to start or develop a property portfolio. It's located in one of the most desirable neighbourhoods in the Manchester city centre and boasts an impressively high tenant demand.
With a projected yield of 7% and 3% capital appreciation, this development has a huge amount to offer.
The development is designed specifically to appeal to the large number of professionals working in Manchester, with facilities and features including:
Exclusive residents' facilities
* Two exclusive rooftop gardens
* A state-of-the-art duplex gym
* Private residents lounge
* Co-working space
* Coffee lounge
High-end luxury features
* Quartz worktops
* Bosch appliances
* Handle-less, soft-close cupboard doors
* Underfloor heating
* Exposed concrete walls and ceilings
Manchester is the number one choice for investors across the world. The global connectivity that Manchester International Airport provides has contributed £4.5 billion to the local economy and is currently undergoing a £1 billion expansion - which will mean the airport can cater for an additional 30 million passengers each year.
Home to two world-leading universities that attracts thousands of new students every year to Manchester, 60% of these students will then stay in the city after graduating, further contributing to the demand for rental housing. There is also an undersupply of housing in the city; 11,000 new homes are needed in the city each year to keep up with the growing demand, and currently only 7,000 are being built - leaving a shortfall that investors can benefit from.
Consistently growing property market
With property prices at an all-time high since records began, and capital appreciation seeing a growth of 16% - a 7-year high - the property market has remained resilient throughout the last 18 months amidst economic uncertainty. With all lockdown restrictions lifted, the economy is set to boom which can only further positively impact the property market. Additionally, over half the population of Manchester is made up by Generation Rent, and with rental prices increasing by 10% over the past 12 months, investors are reaping the rewards.