A short drive from the heady prices of Manchester’s City Centre lies Trafford Manchester Property Investment, home to the world renowned Old Trafford Football Stadium.
For many years, the area has been shunned by the massive redevelopment of the city centre and Salford Quays but not anymore as Trafford Manchester Property Investment has become an increasingly desirable place to live over the last decade, with prices up 10% year-on-year since 2014 and a current average price of around £280,000 – higher than the national average. A range of properties, from family-friendly Georgian houses to contemporary apartments can be found throughout the borough.
Last year, Trafford Manchester Property Investment was named Greater Manchester’s most ‘vibrant’ economy by Grant Thornton, one of the world's largest professional services network of independent accounting and consulting member firms, which looked at factors covering social and economic performance, including community, trust and a sense of belonging, as well as health, equality, happiness and wellbeing. With a low unemployment rate and a relatively high weekly wage, people view Trafford as a good place to live, work and invest.
A £1billion masterplan for 2,700 new homes, including apartments and townhouses, over the next 15 years years for Pomona Island in Trafford also features sports facilities and play areas right on the waterfront. The 15-year proposals follow the principles of a 2020 masterplan, agreed by Trafford Council, and form the basis of an outline planning application to be submitted in Spring 2022.
Trafford Manchester Property Investment
The regeneration of the site would be centred around a 5.2-acre waterfront park and new public access to a mile-long stretch of waterfront. Its prominent location is a gateway to Manchester city centre and Salford Quays with a range of employment and leisure opportunities close by at MediaCity, Trafford Park and the city centre itself.
With this waterside regeneration proposal, Trafford will see a spectacular transformation providing a huge opportunity for investors to get in before the prices shoot up. Phase 1 of Manchester Waters is already well underway with 750 homes on the way at X1’s open market sale development and the completion of Pomona Wharf, a build-to-rent scheme next to St George’s Island in 2017.
£1Billion and 2700 homes will transform Trafford Manchester Property Prices.
More details about a £1bn masterplan for 2,700 new homes near Manchester city centre have been revealed.
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How Property Investors with Little Time Can Invest in New Build and Off Plan Property using a Regeneration Strategy and Where Exactly to Invest in 2022.
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New aerial shots of the proposals for Pomona Island show a huge green area right on the waterside, with sports facilities, play areas as well as new homes.
Trafford Manchester Property Investment will continue to thrive...
As this popular part of the city continues to thrive, so does the demand for property within the area. So, whether you’re looking for something long-term or a quick return on investment, Trafford, Manchester should fit perfectly in your portfolio.
Read more about our Trafford, Manchester Property Investment Hotspot series below or if you’re interested in running through our local Trafford Manchester new build developments chat with the team on 02079236100 or book a time.