Not many cities have witnessed their skyline change as drastically as Manchester’s in the recent years and that is why serious investors are advised to keep one eye open for Great Jackson Street Property Investment scene, a fast growing district in the neighbourhood hosting series of regeneration projects that have led to a number of world-class residential and commercial developments across the city. Newly built skyscrapers in the area significantly transforming Manchester’s skyline making Great Jackson Street Property Investment it a hotspot for property investors wanting to take advantage of the vibrant life and continuous regenerations in the City Centre.
Great Jackson Street on the edge of Manchester city centre sits right at the forefront of business ideas and innovation, being just a stone throw away from business tech giants like Google, Amazon and BBC.
It is also a favourite student accommodation area with the top universities at its doorstep, making the booming district a popular choice for students and young professionals alike.
As Northern England’s metropolis, Manchester is investing billions of pounds in creating exciting, modern and attractive environments to live and work in. These are at the vanguard of new industries.
The scale of opportunity within this investment is vast, making Great Jackson Street Manchester one of the thriving places to live and work in the city.
The Great Jackson Street district is a new neighbourhood of skyscrapers being created on the south western gateway to the city centre, close to Hulme, Deansgate and Castlefield.
The masterplan in the area will see thousands more apartments alongside restaurants, cafes and local convenience stores, as well as amenities such as healthcare, business space and gardens. Further regenerations in the area will also include improvements to the Deansgate Square and the Crown Street development, comprising Victoria Residence, Elizabeth Tower, The Blade and The Circle. In addition, the masterplan will include a school, park and extensive public realm, intended for enjoyment by the wider public as well as residents.
The location being fully accessible for all, care has been taken to support the Manchester economy by choosing local, independent retailers that will eventually complement the area's thriving business scene.
House price growth in Manchester's City Centre Boost Great Jackson Street Property Investment
House prices in Manchester have seen major growth in recent years, but it still remains a truly affordable city – particularly for buyers wanting to diversify away from London making Great Jackson Street an even more attractive choice being right at the city centre of the vibrant city. According to recent data from Zoopla (Feb 2020), average house prices in Manchester are now around £203,196, having increased by approximately 5.14% over the past 12 months. This signifies a great potential for savvy property investors seeking guarantee of higher returns or providing higher rental yields in the near future.
Based on current trends and housing cycles, properties in the city centre could achieve house price gains of between 20% and 30% over the next three to four years, demonstrating the city is yet to reach its peak and with massive regeneration happening along the way.
Across the north-west region in general, the latest Residential Property Forecasts published by Savills (November 2019) predict that prices will rise there by around 24% over the next five years.
Great Jackson Street Property Investment and Manchester Residential Growth
Manchester isn't hailed as the Powerhouse of the North for Nothing- and this title is proven even more for property investment opportunities in the city, most especially in hotspots sitting right at the city centre like Great Jackson Street. Over the next five years, Manchester capital value growth is expected to reach 28.2% as a result of growing demand and supply. House prices in England’s north-west are set to rise by 18.1% until 2021, property advisors JLL have revealed. This data comes after a great year for Mancunian residential property, as it has already experienced a huge spike of 16% in capital values in 2016.
The area’s imbalance between supply and demand is one of the main reasons why the growth rate in the city is currently outrunning the rest of the UK. JLL predicts that, as a result of this continuing lack of supply, both rents and capital values will continue to increase drastically over the coming years. Capital value in Manchester is expected to grow by 28.2% over the next five years whilst rental prices are forecast to increase by 20.5% over the same period.
Great Jackson Street right at the heart of Manchester City Centre is one of the most exciting places for property investment today. It has a well established and vibrant city living scene, which is perhaps the best of any UK regional city. The city centre has all the amenities needed for day to day living plus a huge range of shops, bars, clubs, restaurants, music venues, museums and galleries.
Read more about our Great Jackson Street, Manchester Property Investment Hotspot series below or if you’re interested in running through our local Great Jackson Street new build developments chat with the team on 02079236100 or book a time.