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What a week for marvellous Manchester

It’s been a spectacularly good week for the city of Manchester, in North West England. Firstly, The Sunday Times flagged Manchester up as being one of the best places to live in the UK. Zeroing in on the city’s Chorlton area, The Sunday Times cited its villagey feel, funky atmosphere, greenspace and excellent schools as offering the complete package.

Meanwhile, Colliers International has ranked Manchester tenth in its European Cities of Influence report. In terms of mid-sized cities with a population of two to five million people, Manchester was ranked fourth in Europe. Manchester’s strong talent pool (fed by its top tier universities), workforce catchment area, employer costs, employee quality of life and economic output all contributed to the ranking.
Nor is that all. Your Move’s latest house price data shows a rise in house prices in the North West of England, despite falls in many other areas of the country. While house prices in London fell by 2.6% in the year to January 2018, they rose by 4.3% in Manchester.
This outstandingly positive picture sets the scene for the launch of a superb new development – Middlewood Plaza. The exciting new development is just ten minutes’ walk from Manchester city centre, providing residents with access to the amenities of both Manchester and Salford. Featuring impressive, split-height blocks of six and nine storeys, the development is home to 125 beautifully designed homes, complemented by an extensive roof terrace with views over the city.
Designed to meet the diverse housing needs of Manchester’s urban professionals, Middlewood Plaza offers a mix of apartments, townhouses and duplexes. Secure underground parking and cycle bays are available for residents’ use. In addition, the properties feature smart technology, including whole-house ventilation and sprinkler system protection. The homes are also all fully wheelchair accessible.
Middlewood Plaza is set in the heart of Manchester’s Middlewood Locks regeneration zone. The £1 billion regeneration project encompasses a gym, hotel, bars, restaurants, nursery and medical centre, as well as residential accommodation.
For investors, Middlewood Plaza presents an opportunity to be part of one of Manchester’s most exciting regeneration areas, packed with potential for capital growth. A leading city both in domestic terms and on the international stage, Manchester has incredible potential. Investors in Middlewood Plaza can be part of harnessing that potential.

For further details email us at: info@surrendeninvest.com or call us on: 0203 3726 499

Give your Buy-To-Let a spring clean

Spring has finally arrived in the UK and we have seen temperatures rise dramatically in the last week, and this, coupled with the start of British Summer Time, means longer, warmer days. Now is the perfect time for property landlords and tenants to carry out a thorough spring clean to ensure that your residential investment retains its value. To ensure your property is in the best condition, read our guide to spring cleaning your buy-to-let property.

Spring Cleaning Advice For Landlords

As a landlord, you cannot enter a home without the tenant’s permission to check internal health, but you can work on the exterior.
The first task is to check any timber on the property for damage and decay. Get woodwork repaired and treated, and consider a fresh coat of paint. Paint protects woodwork, reducing the need for future repairs.
As the weather warms, pests start to emerge from hibernation and breed. Check for pest entry points – slipped tiles, and rips and tears in the felt, will let pests in. Look out for crumbling brickwork and holes in the walls, as well as air bricks and plumbing access to the property – all these points can let pests in.
Gutters and downpipes should be cleared of leaves and other debris, and if there is a soakaway, make sure this is working well. Some tenancy agreements make this a task for the tenant.
Inside jobs, which need to be arranged with your tenant, include checking the boiler and heating system, servicing the air conditioning, and checking for signs of damp or mould. If you have an agent, they should be carry out these checks on your behalf.

Spring Cleaning Advice for Tenants

Spring is the time to tackle the garden. The grass will need its first cut of the year, and early weeds will start to appear. If you have patio or garden furniture, give it a good clean with warm, soapy water. Wood should be re-sealed.
Inside, you should give the property a deep clean – empty and clean cupboards, hire a carpet cleaner to wash the carpets, and dust all those hard-to-reach areas. Also, check paintwork, fixtures and fittings, and report any problems to your landlord or agent. Ensure that windows open and close properly, that extractor fans are all operating normally, and give your oven a good clean too.
A good spring clean can freshen up a property, making a more pleasant and desirable home for tenants, which means they are more likely to stay – also, new tenants will pay more for a well-kept home.

The Croydon property market is on the up

Croydon is emerging as one of South London’s most attractive areas for property investors. It is a London suburb with its own personality, where you’ll find trams, parks and some of the best shopping outlets in the region. Businesses are flocking to Croydon too – the town is on the up!

Croydon developed a reputation for 1960s concrete office buildings, which while derided for many years, are now celebrated, the National Trust describes Croydon calling them the “most important examples of the post-war ambition to build a new society”.
Croydon is one of the best towns for commuters, with excellent transport to the City, as well as links served by Thameslink, Southern, London Overground and the Gatwick Express. Bus routes also cover the whole of South London. £5.4 million is being spent on replacing Croydon’s bus station, which is due for completion this month.
The town is undergoing a new phase of development, with over £5 billion of investment being allocated from both the private and public sectors. Boris Johnson, when speaking as London’s mayor, said: “Croydon is poised to become the economic powerhouse of South London.”
House prices in Croydon are yet to catch up with the investment that has been put in, so it’s still a more affordable area of London, offering strong investment opportunities. Prices are rising fast, but Croydon is still the fifth cheapest London borough, and property investors are seeing returns of 13.8% – the best in London.
Its town centre has undergone extensive rejuvenation and the new Westfield shopping centre is bringing in the big retail stores that tenants want on their doorsteps. The “Westfield Effect” is well-known in property investor circles too – where Westfield goes, investors tend to follow.

Current Developments

The Ruskin Square £500 million mixed-use development has already started, and a £750 million education and cultural quarter is also being constructed. At One Lansdowne Road, plans include London’s highest restaurants along with new offices, leisure and apartments.

Jobs

Croydon is the biggest employer in the region, with 110,000 people working in 12,500 businesses, and has the fifth largest cluster of financial services. The emergence of Croydon Tech City is seeing Croydon as “the Silicon Valley of South London”.

Property

Croydon’s property is very popular among first time buyers, as many young families and professionals have been out-priced of neighbouring areas such as Bromley and Epsom.
Over the last five years, Croydon has seen property prices increase by 40%, with some highly-sought apartments increasing by 18.3% in 2016/2017.
Croydon is growing as an economic powerhouse and is providing attractive employment and leisure opportunities, which combined with fantastic transport links, makes it one of the most desirable towns in South London right now.