Why Now is the Time to Invest in an Off-Plan Property in Manchester City Centre

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There are many great reasons to consider investing in an off-plan property in Manchester City Centre. Whether you’re a UK-based or foreign investor, the city offers a host of fantastic opportunities.

What is drawing so many professionals to Manchester?

Manchester has seen spectacular growth over the past few years, with media, technology and finance being just a few of the sectors that have generated wealth and opportunities in the city. Its thriving economy has created a great deal of demand for properties. The city is also home to several colleges and universities, including the University of Manchester and Manchester Metropolitan University.

The student population is just one reason why there is such a large demand for rental properties. More than half of those who study in Manchester choose to stay in the city once their studies have come to a close in order to make the best possible start to their careers and take advantage of the fantastic career opportunities offered by the city.

Another reason why Manchester is so popular amongst young professionals seeking quality rental opportunities is that it has an outstanding transportation infrastructure including an extensive rail network, tram system and international airport. Those living and working in Manchester benefit from a high level of accessibility and convenience. Manchester has also undergone many regeneration projects. These have revitalised various areas around the city and attracted a large number of businesses and residents.

Manchester arts and culture

The city is also famous for its vibrant arts, culture and social scene, offering world-class music. Many people now regard Manchester as the UK’s second city after London. Over the River Irwell, Salford’s Media City is a major hub for some of the UK’s most prominent media companies including the BBC and ITV. It’s said that Media City has created 10,000 jobs in the area since it first opened back in 2012. Popular arts and culture venues in the area include the new Co-Op Arena, the Lowry, HOME, Albert Hall, Bridgewater Hall, the Apollo and the AO Arena, to name just a few.

The Lowry Centre- Salford Quays

The future of property investment in Manchester

Experts predict that things are only likely to get even better for those investing in property in Manchester. It’s estimated that the population of the city will rise by 70,000 by the end of the 2020s, yet only around 10,700 units are currently under construction. This means there is currently a sizeable gap between supply and demand. As the competition for quality property grows, rental yields are set to increase in line with this.

Statistics on Manchester’s economy ⁽¹⁾:

  • City centre economy = over £6 billion
  • Regional economy = over £62 billion
  • Average annual growth of Manchester economy = 3.6%
  • Five-year job creation and growth prediction = 16.4%
Property Success

Employment in Manchester

Some of the world’s best-known and most prestigious brands have chosen to set up home in Manchester including Microsoft and Amazon. Some of the companies that began life as start-ups in Manchester are now worth more than £1 billion ⁽²⁾.

Train times in Manchester

Another reason why Manchester is such a big draw for professionals is that it offers quick and easy access to other major cities around the UK. Those setting up home in Manchester can reach London in just over two hours, Birmingham in around 90 minutes and Edinburgh in just over three hours.

Why invest in off-plan properties in Manchester

Off-plan properties including new builds in Manchester offer a fantastic return on investment. Many investors have seen properties rise in value even before tenants have moved into these properties. Vast savings are available for those choosing to invest in Manchester off-plan properties as well as those that have now been completed.

Off Plan Opportunities at VIVERE Residences Manchester

Investing in off-plan properties can come with various advantages including lower initial costs, potential for capital growth, flexible payment plans, securing units in high-demand areas and potential for early rental income, financial leverage and early access to new developments.

Secure your next off plan Investment with Forshaw Land & Property Group Ltd

Whether you’re interested in Manchester new builds, buy-to-let or off-plan properties, Forshaw Land & Property Group is here to help you. Established for over 15 years you can expect assured yields, capital growth and  impressive returns that are well in excess of regional averages. With our help, you can get access to exclusive opportunities and deals that enable you to purchase at lower prices before construction is completed. We can introduce you to a wide range of investment opportunities for sale in Manchester and provide a bespoke service that ensures everything we do is tailored towards your specific needs.

Our privately owned family company can provide guidance at each step of the process, enabling you to maximise your investment returns and meet your objectives.

Calculate your expected rental yield by using our free rental yield calculator:

Buy to Let Calculator

Open Rental Yield Calculator

Assistance is available whether you’re a seasoned investor or are entering the market for the first time. Our sister company Primo Property Management can even manage your properties furnishings, management and even provide you with tenants on your behalf.

Contact us

We are ready to hear from you right now if you want to find out more about investing in off-plan properties, new builds and buy-to-lets in Manchester. You can reach us by giving us a call on +44 (0)1204 299 229, sending us an email or by completing the contact form on our site.

Sources

⁽¹⁾ North Property Group

⁽²⁾ Greater Manchester Business Board

Salford Quays Apartments: Top 10 Best Value Cities for Quality of life

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Salford was newly listed as one of the world’s top 10 ‘best value cities for quality of life’ for 2024 and following its recent extensive regeneration, it’s clear to see why. The rejuvenated docks have become a sleek modern metropolis of residential and hospitality spaces with commercial opportunities rife throughout; and with planned further extensions and expansions, Salford Quays apartments are set to become even more in demand.

Why Salford Quays?

When the Salford dockyards closed in 1982, the Quays were regenerated into a world-class media hub peppered with luxury waterfront apartment blocks and hospitality and arts venues throughout. This gentrification has seen Salford Quays become a destination in its own right, boasting traffic-free promenades, scenic walks and plenty of space – all in stark contrast to Manchester city centre but within just a short distance (and plenty of public transport links thanks to the Metrolink) from it.

What’s more, Salford Quays has become somewhat of a cultural hub for the area: with museums, cinemas, theatres and marked historical spots throughout. With Media City UK; home to the BBC, ITV and Coronation Street sets; at the end of the Metrolink line, tourists and professionals alike flock to Salford Quays to take in the sights. Just across the docks is Old Trafford and the Helly Hanson Watersports Centre, both cementing the Quays as a sporting epicentre.

Access to all of these facilities and diorama while enjoying the benefits of Northern English affordability makes Salford Quays an unrivalled place to live – balancing both quality of life and value.

The top reasons people choose to live in Salford Quays

Luxury apartments

Salford Quays is made up of almost exclusively new-build residential developments; many of which are luxury apartments. The finish on these homes is extremely high-end and the apartments are competitively priced compared to central Manchester.

VIVERE Residences – Penthouse Apartment and Terrace – Cornbrook

Great transport links

Salford Quays is on the Metrolink and on several bus routes in and out of Manchester city centre and the surrounding suburbs. Trafford Park and Salford Crescent Railways Stations are roughly equidistant, and Manchester Airport is just 40 mins away.

Waterside living

The Quays is a waterfront destination boasting luxury apartments and townhouses overlooking the water and offering up stunning views along the old docks.

Culture

Unlike other newly regenerated destinations, Salford Quays enjoys a vast array of cultural attractions that aren’t made up of just modern venues. Alongside new built cinemas and theatres, you’ll also find the Lowry Theatre and Imperial War Museum North.

Events and activities

The community enjoys a bustling year-round calendar of events and activities for all ages, including shows, exhibitions, festivals, sports events and art installations.

Media and tech

Being home to Media City UK, Salford Quays has fast become an international hub for media and technology companies, with job opportunities and development possibilities rife throughout the area.

Employment centre

Almost a quarter of all jobs in Salford are in Salford Quays, making it a major employment centre in the region. Whether you’re looking for career development or a new direction, there’s plenty on offer in the Quays!

Shops and restaurants

There is a plentiful amount of shops and restaurants throughout the Quays, including both chain stores and independent boutiques and a whole shopping mall of favourites.

What’s next for Salford Quays?

Salford Quays is already a hugely desirable place to live but the neighbourhood is set to grow even further in line with its potential.

Plans for Media City UK are for the development to double in size over the next two years, cementing Salford Quays as a world-leading media destination for years to come. This in turn will amplify leisure and business opportunities in the area, and as a result, some 3,000 more homes are planned for construction.

Why invest in Salford Quays apartments?

It’s no surprise that Salford Quays is, and continues to be, a hugely desirable place to live for young professionals, couples and families alike. As one of the boroughs making up Greater Manchester, it affords a population of around 248,700 out of the county’s 2.8 million people.

The numerous new developments and ample amenities in Salford Quays means that property prices here are slightly higher than you’ll find in surrounding boroughs; but the potential in Buy To Let properties is so fruitful that returns are high – and quick! Those who choose to rent in the area include the myriad of professionals working in and around Media City UK and commuting into Manchester city centre.

Looking at Salford Quays Apartments but also want to be near Manchester City Centre?

Forshaw Land & Property Group have a number of properties completed and underdevelopment which are ideally positioned between Salford Quays and Manchester City Centre. With only a 10-15 minute metro or bike ride you can be in the centre of either – presenting an ideal compromise between the two.

Silkbank Wharf is located on the banks of the River Irwell and is a high-specification 17 storey building complemented with a residence lounge, concierge service and a communal garden terrace comprises of 160 stunning waterside apartments.

Find out more about Silk Bank Wharf in Salford

The Waterhouse is a high-specification nine storey building complimented with private balconies and roof terrace comprising 86 stunning waterside apartments affording impressive city and water views.

Find out more about The Water House in Salford

The in-development VIVERE Residences will feature a 24-storey building with 224 luxury apartments, including 70 one-bedroom, 117 two-bedroom, 34 three-bedroom, 2 four-bedroom, and 1 six-bedroom apartments. Out of these 224 homes, 5 will be high-end penthouses that include private terraces. The penthouses will include excellent views of the nearby canals.

Find out more about VIVERE Residences in Manchester

Get in touch

Contact the team at Forshaw Land & Property Group Ltd for further information on Salford or Manchester buy to let and off plan apartments.