The Pendleton, Manchester
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The Pendleton, Manchester
A collection of 1 & 2 bedroom apartments in Manchester’s vibrant Salford district offering excellent links to Manchester City Centre, the city’s top Universities, Salford Quays and Media City.
This 6-storey development will provide high spec apartments with car parking and an extensive roof garden. Benefit from buying in a postcode that has performed exceptionally well at a low entry-level with just 30% required on exchange.
Why Invest In The Pendleton?
With Manchester being the UK’s number 1 in-demand residential investment location we are constantly seeking attractive development schemes to offer to our extensive, global network. We have chosen to market The Pendleton for the reasons below. You can reach out to the team to hear more and discuss our range of properties to buy in Manchester.
Although there is a significant under-supply of quality residential accommodation in Manchester, it’s always nice to have a unique feature when marketing a property to tenants. The Pendleton is a 1920’s property, some of this character will be retained as the part new-build scheme is built. Add to this the stunning landscape rooftop, tenants will no doubt enjoy this distinct feature during the summer months.
As Manchester has grown in popularity some developers have capatalised on the pricing and there are some developments out there reaching premium prices. The Pendleton still provides an opportunity to enter the Manchester market at below £130,000, which is very rarely seen in 2020.
Not only has JLL named Manchester likely to experience the highest capital growth increase over the next few years, but buying on the edge of the city centre means investors can benefit from the ripple effect. By not paying premium prices in locations where aggressive increases have already been realised, investors can expect strong growth in the long term.
These larger than average apartments give tenants the space they’re seeking. And when you add in the car parking spaces, which many tenants specifically look for, The Pendleton makes a practical choice offering value and convenience. This enables investors to minimise void periods and command higher rental prices in comparison to other stock without such benefits.
Pendleton has become a desirable location for overseas investors due to its proximity to Manchester City Centre, MediaCityUK, Trafford Park, and Salford Royal NHS Foundation Trust. Its convenient position offers easy access to the city centre, while its affordability is attracting more and more professional tenants to the area.
Convenient City Centre fringe location, only 8 minutes’ drive away from Deansgate
Within 4 minutes’ walk from University of Salford and just 8 minutes’ drive to the University of Manchester & Manchester Metropolitan University
Within 5 minutes’ drive from MediaCityUK – Europe’s largest studio complex & UK’s second largest media hub
Market Data & Analysis
MediaCityUK’s vision to become a world leader in innovation and creativity is well underway, with world-renowned institutions such as BBC, ITV, Bupa and the University of Salford now calling the area home and forming part of the largest studio complex in Europe. With a further £1bn expansion in the pipeline, MediaCityUK is set to cement its position as one of the UK’s key hubs for technology, innovation and creativity.
Both past performance and the future forecast growth in the city are exceptional. The average property value in the city in 2020 is £257,000 and the average rental price sits at £1,145 per month. Manchester has both the highest forecast property value growth and rental price increase over the next 5 years of any UK city at +17.1% in terms of capital growth and rental growth of +16.5%.
Manchester is the most attractive city centre residential investment location in the UK – JLL
Broughton Road, Salford M6 6WX
The University of Salford, Salford Crescent Train Station and Salford Shopping Centre are all within a 5-10 minute work of The Pendleton.
The city’s most famous areas, including MediaCityUK, Spinningfields, Castlefield, Deansgate, The University of Manchester, Manchester Met and Old Trafford, are all within an 8 minute drive making the development a practical and convenient choice for the young professionals working for corporate firms nearby.
Expert Market Insights
- “The appeal of living in Manchester’s city centre continues to increase strongly as the local economy and population grows.
The five year sales price forecast is notably higher than the UK average and the highest forecast of any UK city.
The delivery of private for sale units will slow over the next three years, providing support for higher sales prices.
We expect rents to rise strongly over the next five years, reflecting both heightened demand and better quality stock.”
JLL UK City Centre Forecast – UK Living Research 2020
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Our role is to advise, educate and present the most suitable property opportunities to investors. If you would like to discuss your options with the team you can call us on +44(0)203 627 3987, email us on [email protected] or send us a message below.
Track Capital is designed to help new and experienced property investors navigate the market by providing unique investments, free of charge.
Company No: 11053957. TPO Membership: T02475. Track Capital is not authorised or regulated by the Financial Conduct Authority, we recommend investors seek advice from a qualified professional. Images are for marketing purposes/illustration only.