Split across two buildings, Affinity Living Embankment West won the prestigious Residential High-rise Development UK award at the 2019/20 UK Property Awards. Part of a £10 million regeneration project – one of the most impressive undertaken in Manchester city centre in recent years – Affinity Living Embankment West will become the highly desirable residential development at the very heart of this new district. Embankment West is a great opportunity for Manchester buy to let investment.
Embankment West is perfectly located in the heart of Manchester City Centre; it is just a 2 minute walk from Victoria Train Station and only a stone's throw away from the Arndale shopping centre. Due to the location alone, we expect high levels of rental demand; with an increasing need to live in a prime location. Your tenants will be within walking distance of the city's financial district, main shopping street and major transport links.
The development boasts an abundance on amenities such as; an impressive state-of-the-art gymnasium, private meeting rooms, a co-working space, luxury food & beverage outlet as well as an outdoor seating area. With these on-site amenities and central location, these apartments will generate high rental yields.
There is an excellent payment plan in place; with just 25% required on exchange and the remaining 75%, on completion.
We expect the apartments to generate impressive rental yields of up to 7%.
The ground rent is just 0.2% of the asking price and there is an anticipated service charge of £3 per sqft.
Since 2018, Manchester has successfully achieved a higher rental and higher price growth than the UK average. Therefore, over the next few years, you should achieve some of the UK's highest short & long-term property investment returns, perfect for Manchester buy to let investors.
Furthermore, the city is experiencing a significant undersupply, with Manchester’s population rising at 15 times the rate new homes are currently being built and City centre apartments getting up to 10 enquiries per property – with some tenanted within one hour. Therefore, now is the perfect time for investment in Manchester.
Manchester's property market boasts an impressive history; with property price growth in Manchester exceeding the UK average for five years in a row (2013 - 2018); in the 12 months to June 2018 alone, average property values in Manchester increased by 7.4%; and prices of apartments increased 51% in six years between November 2011 and November 2017.
Additionally, even though the pandemic has impacted the UK’s housing market, Manchester has remained a hotspot for property investment. Despite the freezing of the property market during lockdown,. Manchester remains expected to record a house price growth of 4.1% during 2020.Meanwhile, the UK average is 2.9%.
A brand new and exciting opportunity for property investment in Manchester is being launched. The first phase in developer Cube Homes’ ‘The Curve’ private rental scheme development project offers buy-to-let landlords the chance to invest …
The recent covid pandemic has had a huge impact on different sectors and regions throughout the country. Multiple lockdowns meant the UK economy shrank by a record 9.9% in 2020, and though it is now starting to recover, some parts of the …
Investors in buy-to-let Manchester property should seriously consider the area of Salford. Recent findings have revealed it to be the place with the biggest return on property investment in the north west. Booming property prices According to in …