Manchester has firmly established itself as one of Europe’s fastest growing cities with a rapidly evolving skyline to prove how quickly the city is emerging into a global destination for urban living.
Property specialist, JLL rates Manchester as it’s number one prospect for residential price growth over the next five years, with annual average growth of 4.2% compared with 2.4% across the UK. Rents are expected to increase by around 3.5% per annum between now and 2020.
Central to Manchester’s success is a revival in demand for city centre living.
In 2000, there were 10,000 people living in the heart of the city. Today, there are nearly 70,000, many of whom are students or young professionals choosing the city for it’s promising job prospects and a vibrant nightlife.
Several significant residential schemes are in the pipeline for Manchester in 2018 and a recent development making headlines for its historical charm whilst offering contemporary living is Queens Terrace.
Queens Terrace is being restored from a vintage piece of British architecture and is an attractive alternative for those seeking the charm of historical architecture along with the convenience of city centre living.
Adorned with stunning features, Queens Terrace comprises twenty eight spacious one and two bedroom apartments with secure parking, inside a private gated community with enclosed gardens.
Only a five-minute journey to the cosmopolitan city centre, the property is well connected by excellent transport links with access to Salford Greengate and Manchester city centre within 1.5 miles.
Ronald Garrett, director of sales at Alliance Investments, said: “The demand for property particularly in the residential market has never been more evident and we are inspired to continue offering new buildings and living spaces that accommodate every preference and need”
Queens Terrace is a development rich in history reborn to offer modern living whilst retaining its Victorian charm. Units are limited to twenty eight and prices are affordable starting at £127,000 where investors can expect rental yields of up to 6% on purchase.
For more information about Queens Terrace, please click here.