Alesco Investment Properties has been appointed as exclusive agents on Wardour Point in Manchester, a development crafted for modern living. The scheme boasts 183 apartments over 25 floors, situated in the city’s emerging creative quarter, where residents can live, work and play. Wardour Point offers a high-performance investment opportunity, with two bed apartments priced 71% lower than the market average, and rental yields estimated at 6.13%.
Wardour Point represents a first-rate opportunity to add to any investor’s portfolio, primed to be popular with occupiers through its difference in design, made to meet the needs of the ‘next normal’. One, two-and three bedroom apartments and duplex apartments are available, with opportunity for mass appeal – each crafted to a high specification, and benefiting from access to the on-site health and fitness facilities. The development also offers an end-to-end property management service allowing investors to benefit from lettings.
Matthew Fawl, Managing Director at Alesco Investment Properties comments: “We’re extremely excited about the launch of Wardour Point, in an area of the UK that has seen unprecedented growth in the buy-to-let sector from both domestic and international buyers, in wake of the Covid-19 pandemic.
“The pandemic created an unmistakable preference for flexibility, which for many has cemented the appeal of renting as a lifestyle choice, as well as the desire to seek better value for money outside of London, in properties that are more closely aligned to evolved priorities. This has contributed to the growing popularity around investing in the regions, which offers a lucrative and attainable way to start an investment portfolio for first-time investors.
“Wardour Point will be also able to provide occupiers with affordably priced, well-designed homes in Manchester, which is experiencing growth faster than any other UK city, and is home to some of the country’s most impressive businesses attracting global talent. From an investment point of view, this creates the perfect storm for our investors to benefit from high rental yields, to complement their portfolios.”
Wardour Point offers contemporary living spaces on Regent Road, surrounded by a centralised landscaped garden with outdoor seating under stylish pergolas and communal areas, prioritising green spaces for a new way of living. Communal growing beds, informal table tennis, and table football provide multifunctional areas for residents to enjoy, and opportunities to harvest stronger community bonds.
Inside, the apartments benefit from a high specification, and larger than average light filled rooms, perfect for working from home. Security is also prioritised with keyless entry systems to all blocks, CCTV-monitored entry to all buildings, and a 24/7 concierge desk which provides hospitality grade security, in a contemporary home.
Luxury furniture packages are available, starting from £2,499 for a one-bedroom apartment, or £3,499 for a two-bedroom apartment, which includes comfortable soft furnishings, chrome ironmongery and walnut laminate flooring. The kitchens also includes high quality integrated appliances, such as an oven, dishwasher, fridge/freezer, glass splashbacks and stainless steel finished sinks.
Wardour Point is aptly located between Manchester City Centre and Salford, in close proximity to a myriad of retail and dining outlets, and the University of Salford allowing residents to benefit from the serene suburban feel, without compromising on access to city life. Manchester is also one of the most connected city centres in the north, with Manchester Piccadilly and Victoria stations serving as the central hubs for access to the rest of the UK. The planned HS2 railway will also connect Manchester to the capital and the south of England in record speed, making the wider country, Manchester’s neighbour.
Despite Manchester’s impressive regeneration and unique blend of culture, vibrant businesses, media hubs and education services, house prices remain affordable to investors who can benefit from this rapid growth.
Founded in 2016 by property investment experts with over 20 years of experience in the field, the appointment of Alesco ensures homes within Wardour Point are only sold via a handful of trusted, highly skilled agents.