The clock is ticking for residential buyers and investors to claim one of the 27 remaining units in Northill Apartments, which is the third phase of the Fortis Quay development in the highly-desirable Salford Quays area. This development has generated significant interest since it offers high-quality, reasonably-priced apartments in an area where there is a severe undersupply of property in general and rental property in particular.
Economic developments are bringing prosperity – and a need for more housing
While Salford remains proud of its industrial heritage, its future lies very much in the digital age and it has become a key hub for media companies and digital content creators as well as being the location of a popular university. This has attracted increasing numbers of people to the area many of them young adults, both students and professionals at the start of their career, who, of course, need to be housed. For many people in this stage of life, renting is the obvious and most appropriate choice and so the lack of rental accommodation in Salford (and indeed the Greater Manchester area in general) had the potential to become a serious issue. It is therefore hardly surprising that the units in the Fortis Quay development have been attracting so much interest.
The Greater Manchester area is attracting new businesses with outstanding connectivity
Research by comparison website GoCompare places Salford fourth in the UK for mobile and internet connectivity (with Manchester itself coming second). As you might expect London takes first place, however, the gap between the levels of digital connectivity is relatively small, whereas the gap between prices for equivalent properties, residential or commercial, is still very large. In addition to this, the Greater Manchester area has long been known for its excellent transport links, from cycle routes to the local airport, and these are due to get even better, for example, with the arrival of HS2. Putting these facts together means it’s hardly surprising that many companies, large and small, are turning to the north, for affordable accommodation, which increases the already-high demand for property and, in particular, rental property.
Only 27 units remaining in this phase of the Fortis Quay development
The Fortis Quay development is on target to meet its estimated completion date of quarter one, 2020. Overall, it will provide a total of 264 premium-quality apartments over 27 floors, however, there are only 27 units still available for purchase. The remaining selection comprises one-, two- and three-bedroom apartments with prices ranging from £162,495 to £394,995. These apartments are generously sized, with one bedroom units having 58.5 square metres of space and three-bedroom units having 107.9 square metres of space. Furthermore the internal floor plans make highly effective use of this space, so that the apartments will fully meet (and even exceed) the lifestyle expectations of today’s young professionals. For example, there will be ample space for them to entertain at home as well as to make the most of the wide range of local amenities in Salford and in the Greater Manchester area as a whole.
For more information on Northill Apartments property investment in Manchester, please contact Hopwood House.