£176,000
1 bed flat for saleExclusive Apartments, Dakota Avenue, Manchester M50
1 bed
1 bath
1 reception
- New home
- Leasehold
Alesco Property North Limited
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About this property
Exclusive Luxury in a Desirable Location
High Rental Returns
Manchester – the heart of the Northern Powerhouse
A Leading Buy-to-Let Destination
Capital Growth for Residential Property in Manchester
High Rental Growth Projections
For Investment Purposes Only
Exclusive Apartments
New Release
This is an opportunity to support expansion within the ecosystem along with facilitating the growth of the second-biggest economy outside of London.
A modern residential apartment complex located in the heart of Manchester.
• Exclusive Luxury in a Desirable Location
• High Rental Returns
• Manchester – the heart of the Northern Powerhouse
• A Leading Buy-to-Let Destination
• Capital Growth for Residential Property in Manchester
• High Rental Growth Projections
A Leading Buy to Let Destination
With the population continuing its upward growth, Manchester City Council has predicted that the population will exceed three million by 2030 – with Manchester’s population in particular to top half a million.
Further insights from Manchester City Council demonstrate that the city centre is experiencing population growth 15 times faster than the rate at which new homes are being built.
Research from Savills has shown that although there are 7000 new homes in the pipeline for Manchester over the next two years, to meet housing needs, a further 11,254 would need to be delivered per year to keep up with demand.
Residential property values in Manchester have risen 5.1% year on year in the last 12 months according to the latest data from Zoopla and Hometrack confirms that Manchester remains the fastest growing City. By 2022, it is predicted that house prices will grow by 15.3% and rents will rise by 13.6%.
Research from Knight Frank has confirmed the above through its indication that rental income looks to continue its growth with an overall rise of 14% by 2022.
The same research continues with its predictions with regards to the private rented sector announcing that 25% of all households in the UK will rent privately by the end of 2021
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Sizes listed are approximations. Please contact the agent to verify actual sizes
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