Brooklyn Loft Apartments For Investment Purposes Only; No Help to Buy Scheme Available
The Brooklyn Lofts offer an exciting opportunity to invest in the transformation of one of Manchester's heritage buildings into cutting edge, 21st Century living spaces.
Located on Mason street in the historic New Cross neighbourhood which is currently undergoing an regeneration as the last area to be reinvigorated in the city centre with huge scope for capital appreciation as the regeneration progresses.
• 2 Min Walk to Arndale (City Centre) • Regeneration Area • Discounted Prices • Hi-Spec Design • Built by an Experienced Developer
Manchester Property Market
A structural shift in the UK property market away from the tradition of buying over renting has now resulted in owner-occupied property falling to its lowest ever percentage of the total UK property market. The young professionals of ‘Generation Rent’ are happy to spend an average 15 years of their life in rental property.
It is predicted that by 2032, more than half of UK homes will be rentals. One of the main factors driving this shift is the increase in house pricing.
According to Jones Lang Laselle, there will be a 26.4% increase in Manchester house prices in the next 5 years. It is no wonder young professionals would prefer renting.
The growing population and increasing affluence has meant a strong demand for quality city centre rental properties. However, this has been met by a structural under-supply of properties for this rising population.
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Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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Full information on Council Tax discount entitlements can be found on the Gov.UK's website.