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Middlewood Plaza Brochure SALFORD, MANCHESTER NORTH WEST ENGLAND MIDDLEWOOD PLAZA, MANCHESTER LUXURY READY-TO-RENT FURNITURE PACKS AVAILABLE MIDDLEWOOD PLAZA, MANCHESTER PRESENTING MIDDLEWOOD PLAZA Middlewood Plaza is an exciting new development in the heart of the Middlewood Locks regeneration zone, just 10 minutes’ walk from Manchester city centre. Consisting of stylish apartments, townhouses and duplexes and located in the popular Salford area, Middlewood Plaza is the ideal investment property for those looking to be a part of North West England’s bright future. The impressive development features split-height blocks of six and nine storeys, with a total of 127 homes across the site, in the largest of Manchester’s three main regeneration corridors. MIDDLEWOOD PLAZA, MANCHESTER The contemporary Middlewood Plaza development has been designed to suit the needs of urban professionals working in both Salford and Manchester city centre. The mix of apartments, townhouses and duplexes will offer an appealing, family environment to those wanting luxurious city centre living in an outstanding location. With high quality kitchens and bathrooms fitted as standard, Middlewood Plaza will present a superior quality apartment to the Manchester rental market, offering investors an exciting and unique development with broad appeal. The bright, spacious apartments are complemented by a superb roof terrace, with views over the city, to which all residents enjoy private access. Middlewood Plaza also benefits from secure, underground parking, cycle bays and smart technology. All apartments are wheelchair accessible in order to accommodate as diverse a group of residents as possible. MIDDLEWOOD PLAZA, MANCHESTER ON LOCATION As well as residential accommodation, the £1 billion Middlewood Locks regeneration zone is set to offer extensive leisure facilities and amenities including a gym, hotel, bars, restaurants, nursery and medical centre. Middlewood Plaza is located in the heart of Middlewood Locks, which provides pedestrian access between Salford and Manchester city centre. Cycle access is in the process of being added, furthering the area’s excellent connectivity. Road and rail access to Middlewood Plaza is terrific, with Liverpool Street Bus Station 100 Metres and Salford Central Train Station 750 Metres away from the Development. The M602 Motorway can be reached within two minutes. The prime location will provide residents with easy access to all that Salford and Manchester have to offer, from their employment opportunities to their leisure facilities. MIDDLEWOOD PLAZA, MANCHESTER PROPERTY HIGHLIGHTS - Perfectly located at the gateway to Manchester - Smart technology included as standard, for a future-proofed development - Appealing mix of apartments, townhouses and duplexes - High quality kitchens and bathrooms included as standard - Secure underground parking - Dedicated cycle bays - Fully wheelchair accessible apartments - All apartments serviced by fully maintained lifts - Whole-house ventilation and sprinkler system protection - Private roof terrace access for all residents GROSS VALUE ADDED (GVA) IS A MEASURE OF THE VALUE OF GOODS AND SERVICES MANCHESTER PRODUCED IN AN AREA, INDUSTRY OR SECTOR. INVESTMENT CASE GVA for Manchester in 2016 stood at £17,896 million. GVA per head stood at FAST FACTS £33,063 in 2016 – 4.2% higher than in 2015 and 125.6% of the national rate. - UK’s 6th largest city and 2nd most populous urban area - The city had an estimated population of 530,300 in 2016 - Manchester saw an active business growth rate of 18.2% in 2016, compared to a national average of 6.1% 324,000 employees £17.896million £72 billion by 2024 - Employee numbers rose from 335,000 in 2014 to GVA 2016 Greater Manchester GVA forecast to increase £16.2 billion of GVA annually 375,00 in 2016 Main centre for business, financial to more than GBP72 billion by 2024 - Business, financial and professional services in Greater & professional services outside London Manchester generate GBP16.2 billion of GVA annually - Health and social care generates GBP4.2 billion of GVA 25,780 40% of North West 63,500 employees annually in Greater Manchester Greater Manchester accounts for 40% Active businesses £3.1 billion of GVA annually - 110,000 new jobs will be created by 2024, with of GVA in the North West Largest digital and creative 36,000 more office jobs expected in Central Manchester clusters in the UK over the next decade 18.2% ANNUAL GVA GROWTH - GREATER MANCHESTER - Disposable income of Manchester residents is forecast to Business growth rate grow by 28% over the next decade 123,000 employees Nearly 1 in 10 residents works in manufacturing MANCHESTER’S EMPLOYMENT OUTLOOK 2.8% per year 54,000 employees GVA forecast to grow 2.8% Nearly 1 in 20 residents works per year from 2014-24 advanced manufacturing (above North West annual average of 2.6%) £3.9 billion of GVA annually In 2017, Prime Minister Theresa May announced a newly-allocated cash injection of £556m for the Northern Powerhouse. It followed the 2014 announcement from UK Chancellor of the Exchequer George Osborne of £7 billion of investment for the business, MANCHESTER culture and infrastructure of the North of England. Manchester is at the heart of the INVESTMENT CASE Northern Powerhouse, which also includes Liverpool, Leeds, Sheffield and Newcastle. CITY CENTRE GROWTH £10m innovation fund to boost small to medium A devolution deal with Greater Manchester and the UK’s first - Manchester is leading the growth of city centre living in the UK businesses in Greater Manchester and Cheshire metro-wide elected mayor outside London from May 2017 - City centre growth driven by young professionals (those aged 35 and under who hold a degree) £6 billion of investment in the North’s roads, to Flagship Factory cultural venue to add 1,500 FTE - City centre employment will surpass 400,000 jobs by 2025 reduce congestion and enhance connectivity jobs and £1.1 billion to the city’s economy over 10 - Manchester’s population is expected to exceed 625,000 by 2025 years - A backlog from several years of housing undersupply has now Manchester to London journey time to be cut to 1 hr reached over 40,000 homes, putting pressure on supply 8 mins by HS2 rail network (currently 2 hrs 8 mins) 2018 Great Exhibition of the North to celebrate - Manchester house prices rose at the fourth fastest rate in the UK in Manchester to Birmingham journey time to reduce creativity, culture and design the year to December 2017 (at 7.0%) to 41 mins with HS2 (currently 1 hr 28 mins) - The city centre is expanding outward to accommodate demand from new residents and businesses DOUBLE THE UK’S GROWTH RATE New modern trains and 20% more capacity to Manchester’s population is projected to grow from tackle overcrowding 530,300 people in 2016 to 625,000 by 2025. GREATER MANCHESTER GROWTH 650 Virgin Media Business supporting superfast 625,000 - Greater Manchester’s population grew by 7.2% (183,100) 625 broadband rollout in Manchester for small between mid-2004 and mid-2014 and is expected to attract businesses and start-ups. 600 more than 500,000 new residents by 2025 - Home to 1.17 million households, with 2.73 million residents 575 530,300 - Over 7 million workers within an hour’s drive – the largest travel-to- 550 work area of any UK conurbation (except London) 525 - Expected net gain of 110,000 jobs in the decade to 2024 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 MANCHESTER SALES & RENTAL MARKET RENTAL MARKET SALES MARKET 4.2% 8.25% Manchester rents predicted to rise Manchester postcodes boast two of the by 4.2 per cent per year for the highest average buy to let yields in the 7.0% 26.4% next five years. UK, at 8.25% (M6) and 7.98% (M14). Manchester property prices rose by Manchester house prices projected to 7.0% in the year to December 2017, grow by 26.4% over next five years. the fourth fastest rate in the UK. £100 26.85% Monthly rents up by more than At 26.85%, Manchester has £100 year on year in central one of the highest proportions 34.36% 1/3 Manchester. of private renters in the UK. Manchester property prices up The average apartment in Manchester 34.36% over past 5 years. is just over a third of the price of a London apartment. AVERAGE RENTAL VALUES IN MANCHESTER 1400 2012 1200 +% 2013 1000 Home price inflation hit its highest 2014 rate for 12 years in 2016, due to 800 an under-supply of homes. 2015 600 2016 400 200 0 1 Bedroom 2 Bedrooms 3 Bedrooms MIDDLEWOOD PLAZA, MANCHESTER THE MANCHESTER PROPERTY MARKET Properties in Manchester have increased in value by an impressive 29.22% over the past five years, according to February 2018 data from Zoopla. Apartments have fared better than average, enjoying an increase of 32.01%. Demand for residential accommodation in Manchester is high. The city is undergoing rapid change and growing at a rate of around 2,000 homes per year. This is to house Manchester’s rapidly growing population, which is expected to increase from 530,300 in 2016 to 625,000 by 2025. This is creating an excellent opportunity for buy-to-let investors looking to address the city’s housing undersupply backlog, with some estimates showing the need for as many as 40,000 additional homes. MIDDLEWOOD PLAZA, MANCHESTER MIDDLEWOOD PLAZA, MANCHESTER ULTRA-CONTEMPORARY HOMES ARRIVE IN SALFORD Middlewood Plaza marks the start of a new era for Salford’s residential sector and those who invest in it. The development is set to capitalise on the enormous economic potential of the Middlewood Locks regeneration zone, as well as benefit from the host of amenities that the completed district will provide. The apartments themselves are perfectly suited to the energy and dynamism of this newly defined location.
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