The Crescent, Greater Manchester
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The Crescent – Buy to Let Property in Salford
The Crescent is a new buy to let property development in the City of Salford, Greater Manchester.
The Crescent is enviably located in an area of Salford that shares its namesake. It’s just a short walk from Manchester city centre and enjoys unrivalled views over the River Irwell and surrounding parklands.
The Crescent will comprise 399 apartments and seven townhouses spread across three distinct tower blocks with striking facades. One, two, and three-bedroom apartments will be available, all benefitting from thoughtful layouts, premium fixtures and high-end finishes. Premium facilities are also available onsite including a private cinema, indoor heated pool and spa and a gymnasium.
Key Figures
£219,000Starting Price
6%Net Yield
Q4 2020Completion Date
Investment Details
The Crescent Property Investment Fundamentals
- Minutes from Manchester city centre
- Rejuvenated Salford location
- Premium facilities including heated indoor pool and spa, gymnasium and private cinema
- Off-plan price discounts
- Prices starting from £219,000
Why invest in Property in Salford
Salford has undergone something of a major regeneration these past few years. The city of Salford lies just outside of Manchester and is currently home to more than 8,700 businesses which employ over 127,000 people. Many of the businesses that have located to Salford are in the media industry, such as the BBC and ITV. Its emerging media scene coupled with easy access to Manchester’s city centre has meant it has attracted a lot of young professionals. Its population is currently around 234,500 people, growing 6.5% over the last ten years. Consequently, it has a growing nightlife and cultural offering. Salford is constantly evolving and development projects such as MediaCityUK have been cited as an inspiration to developers and investors alike countrywide.
Salford has a competitive housing market, with prices on average 20% lower than that of Greater Manchester. As it is just a short commute from Manchester city centre and has a commercial centre of its own, it is of no surprise that many people find it convenient as a place to live. Even though Salford is currently affordable, prices are rising quickly and over the past five years according to Zoopla they have risen by 20.07%. Investors should consider Salford now to achieve the best possible rental yields and capital growth.
The Numbers
Ground Rent:350
Number of Units:377
Service Charge:£2 per square foot
Prices: 1 bed from £219,000, 2 beds from £250,000, Town houses £480,000
Leasehold:250 year lease
- Furnishing: Fitted kitchen, Balcony, Full Bathroom, Air Filtering System
- Parking: Underground carparking at additional cost + cycle store
- £2,000 Reservation Fee
- Exchange Deposit just 30% (minus reservation fee already paid)
- No further deposits until practical completion
- All deposits are fully protected through to completion
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