Local Blackfriars is a new buy to let opportunity in central Manchester comprising 380 apartments.
Manchester’s city centre has experienced a lot of regeneration, from Spinningfields and Deansgate to Ancoats and New Islington. Local Blackfriars is a new development on Blackfriars Street close to the Northern Quarter and Manchester’s shopping district. Residents will be spoilt for choice in terms of eateries, bars and shops to explore. Local Blackfriars boasts impressive communal spaces and amenities such as a 24/7 concierge service, bistro, bar, a gymnasium, cinema room and fully equipped laundry room.
Local Blackfriars is a gated community and the former Grade II listed public house by the same name – The Blackfriars – acts as a gateway entrance. The development has been designed in such a way to blend in with the former public house.
Local Blackfriars is just a two-minute walk from Manchester’s shopping district which includes Selfridges and Harvey Nichols, the fashionable Northern Quarter and the bars in Spinningfields and Deansgate.
Manchester is continuously voted one of the best cities in the UK to live in. In The Economist Intelligence Unit’s Global Liveability Survey it was ranked as the best city in the UK, scoring well on criteria such as the quality of education, health care and environment.
More and more people are flocking to the city, and as a consequence housing is in increasingly high demand. House prices are predicted to increase by 26.4% in the next five years and the rental market is equally as thriving, with the market expected to grow by an average of 4.2% every year over the next five years.