An opportunity to invest in property in the M5 postcode of Manchester has arisen. Rivergate House is a recent development nestled within a new riverside community called Wilburn Wharf. Wilburn Wharf is located on prime Manchester land, and is just 600m from Manchester’s financial district of Spinningfields.
Rivergate House Investment Facts
Since the 2000s, Manchester has undergone numerous regeneration schemes, some of which are ongoing. St Johns Manchester is one of the most ambitious regeneration schemes, aiming to create a new best-in-class city centre neighbourhood. Allied London are planning on creating a space where residents can live, work and play, and that combined residential, commercial and cultural buildings to really give the neighbourhood a sense of identity. Rivergate Manchester will be situated in close proximity to St Johns Manchester, so residents can enjoy that quarter, and investors can take advantage of rising house prices and desirability due to nearby development.
Manchester was recently voted as one of the best places to live by the Economist Intelligence Unit in the Global Liveability Scale. It has become a hub of cultural entertainment, boasting an array of theatrical events, restaurants and as a home to world-renowned football clubs such as Manchester United and Manchester City. Living costs are just a fraction of what they are in London, with apartments costing just over a third of what they do in the capital. With the amount of regeneration Manchester is experiencing, it is not surprising that there is a high demand for rental properties in the city. Business in Manchester is booming, as its Gross Value Added now surpasses that of the North East (GBP42 billion) and West Yorkshire (GBP43 billion). Due to strong demand for buy to let in Manchester, the city offers some of the highest rental yields out of anywhere in the UK.