Over the last decade, Manchester’s various districts have been the subject of vast investment, breathing new life into various parts of the Greater Manchester Commuter belt.
These investment initiatives play a crucial role in the city’s 100% property price growth in the last 10 years, with new developments regularly coming to market.
Salford Quays, Ancoats and the Trafford area in particular have been subject to major regeneration projects, collectively strengthening the city’s foundations for future growth. This article explores the next chapter for these regions, examining their investment potential and highlighting their significance to the continued economic success of the Manchester area.
MediaCityUK – Imagine Always
Following Peel Group’s £500 million Salford Quay overhaul, transforming the local area into a booming economic hub. Home to the BBC and ITV studios, alongside large residential units, MediaCityUK is preparing for the next stage of its expansion.
Peel Group will continue to develop high rise, luxury apartments, presenting them to the investment market. These properties also offer an impressive 7% expected yield, and are to be accompanied by a further £1bn of investment in the area by 2032 to accommodate high and lasting rental demand.
Ancoats – Living in History
A £1.5bn investment initiative has regenerated the Ancoats industrial district into a vibrant suburban space with independent bars and shops, whilst still maintaining its iconic rustic charm. Over the next 3-5 years, £35m plans have been drawn up to expand its green and walking traffic zones, maintaining Ancoat’s focus on sustainability and resident suitability.
Furthermore the district’s accommodation capacity is also set to expand in the near future, with new opportunities for investors regularly being presented into the buy-to-let market.
Trafford City – A Vibrant City Within a City
Manchester’s newest large-scale transformation project, Hailed as a ‘city within a city’, TraffordCity will become a cultural and business hub just moments from the city centre. With £1.6bn of ongoing investment, over 300 luxury brands, restaurants, activities and bars will call Trafford City home alongside premium living space/amenities for its residents.
As a result, investors are taking strong interest in the area, with short term lettings a key prospect as yields are expected to reach 9.23%
Trafford Waters, the newest residential development in TraffordCity, is now available for buy-to-let investment, and has been keenly adopted this opportunity. This development completes in 2027, and is only one of many new additions to the site over the next decade, with approximately £2.7bn of further investment in the pipeline over the next 10 years.
Grow with Manchester
Manchester remains on the centre stage of UK development, with a continuous pipeline of exciting projects for investors to expand and diversify their portfolio, with over £3bn of planned development still to come. Home to a diverse, vibrant population, alongside ever increasing rental demand, Manchester offers high yields and strong occupancy rate as the city continues to grow year-on-year.
If you are looking to capitalise on Manchester’s continued development, Alesco is equipped to help you make the right choice. Our expert team draws on their profound local market knowledge to spot top locations with robust rental returns and long-term growth prospects.
Contact us today to find out more about our exclusive buy-to-let investments in Manchester and start developing your real estate portfolio.
