Bridgewater Wharf is the latest waterfront addition to Salford’s property market, a city which is appealing to UK and overseas investors thanks to its affordable house prices and growing economy.
With a fantastic selection of premium apartments and spacious townhouses, Bridgewater Wharf will be an ideal home for both skilled workers and young families. Each home will be designed with the tenant’s wants and needs in mind, with a modern design, spacious interior and the highest quality fixtures and fittings.
To enhance the rental experience, tenants living in the waterfront development will be able to take advantage of the on-site facilities such as a modern gymnasium, secure bike storage and electric charging points for cars. Parking spaces are also available on selected units. With demand for rental property in the city higher than ever before, Bridgewater Wharf is the type of development that Salford needs to meet the growing demand for rental accommodation.
The development is perfectly placed on Ordsall Lane, a gateway to Manchester city centre and on the doorstep of Salford’s MediaCityUK, Europe’s largest purpose-built media and communications hub. With more than 200 exciting businesses in MediaCityUK including the BBC, many young people are drawn to the promising career opportunities on offer.
It was recently revealed by Countrywide that a record number of renters quit the capital last year with the majority going on to rent elsewhere rather than purchasing a home. According to Savills, people who are choosing to leave London will be able to enjoy double the amount of space in more than 70% of the local authorities.
As a result, Greater Manchester has benefitted significantly with house prices rising 31.2% in the last 5 years according to Zoopla and rents experiencing a similar increase. The future of the region is looking just as positive with JLL predicting that house values will increase 28.2% 2022 as a result of the imbalance between supply and demand in the area.
In addition, Manchester’s population is reported to be growing almost 15 times faster than homes are being built in the city. Salford is also experiencing population growth which is three times faster than homes are being built. To keep up with population growth and meet the demand for homes in the area, the construction of buy-to-let developments has increased significantly, but still falls short of number of homes needed in the region.
Containing 376 premium apartments, Bridgewater Wharf is the sort of development that Greater Manchester needs to fill the gap. With off-plan prices starting at just £119,995 and a mixture of apartments to choose from, Bridgewater Wharf offers investors a unique opportunity in a prime, waterfront location.
Register your interest today to avoid missing out on this excellent buy-to-let opportunity! Click here for more information >>