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Studio apartment in Westpoint
Date & Time Listed: 2021-10-01 15:45:23 (GMT)
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Ad Details:
A rare and highly sought-after investment opportunity - perfect for investors looking to start or expand their portfolio in Manchester.
All apartments are a totally hands-off investment opportunity - allowing investors to enjoy all the benefits of owning property in the UK's no.1 investment location, without any of the hassles of being a landlord.
The Development
Completed in 2018, to a pioneering standard of quality and finish, Westpoint not only offers residents somewhere to live, but also a built-in community - brought to life through the abundance of on-site facilities, and the dedicated residence team - all of which set Westpoint apart from other developments across the city.
Facilities and features include:
5* hotel-like facilities exclusively for residents
* A communal residents lounge
* Fully equipped gym and exercise studio
* Coffee station and co-working space
* Onsite concierge services
* Dedicated onsite residence managers
Luxury and sustainability as standard
* Air source heat pumps
* Underfloor heating
* Thermostatic shower mixer
* Gas-lift ottoman leather bed
* Bespoke furnishings throughout
* Quartz worktops
The Location
Located at the gateway to Manchester City Centre, in a £50 million regeneration area and neighbouring the iconic Old Trafford football stadium (home of Manchester United) as well as the Emirates Cricket Ground.
Why Manchester?
~ Global Connectivity
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.
~ World-class Universities
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.
Other Details:
Number of Bedrooms: 1
Number of Bathrooms: 1
Price: 113,950.00 GBP
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