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Investors move in on Trafford as new Kinetic development launches in Manchester

The launch of the exciting new Kinetic development in Manchester’s Old Trafford area is drawing attention from investors around the world. Recognised across the globe as the home of one of England’s most respected football clubs, Old Trafford has a strong sporting heritage. However, there’s much more to the area than its athletic credentials alone.

This bustling part of Manchester is home to a highly educated urban population that is looking to get the best out of life in the city. 48% of adult residents in the area hold a degree or equivalent qualification (compared with 33% across the North West on average) and it is home to 13,000 businesses. Entrepreneurial spirit is alive and well, and is backed up by a fantastically modern infrastructure, with 99.9% superfast broadband coverage.
The new Kinetic development is no exception, providing residents with hyperoptic fibre for superfast connectivity. The 48 one and two-bedroom apartments exude contemporary urban style. They have been developed with professional tenants in mind, as well as providing a convenient accommodation option for the 6,500-strong student campus being opened just a stone’s throw from Kinetic in 2019.
The area is well connected, offering access to Manchester city centre, Media City, the University Quarter and White City Retail Park. Old Trafford Tram and Trafford Bar Tram are less than 10 minutes’ walk away, while Piccadilly Station can be reached by car in 12 minutes. Manchester Airport is a 14-minute drive.
In terms of the wider city, pwc’s just-published Emerging Trends in Real Estate Europe 2018 report has highlighted Manchester as the UK’s top city investment prospect. The recognition is great news for investors looking at being a part of the city’s future. Many are particularly interested in the Trafford area as a result of its mixed offering of residential, commercial and leisure opportunities.
In addition, the latest figures from Zoopla show that the M16 postcode area, in which Kinetic is based, is ahead of the rest of the city in terms of its rising property values. Over the past five years, properties in the M16 area have increased in value by 31.56%, pushing ahead of the city-wide average of 30.64%.
With well-established investment credentials, Manchester has long been a favourite with both domestic and international property investors. Now, Kinetic has become the latest exciting development to provide investors with the chance to be part of the city’s bright future.

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Winter Fire Safety Reminder for Landlords

Winter is coming, and early forecasts predict that it will be a cold one. Now is the time for landlords with buy to let investments to carry out some fire safety checks.

As a landlord, you are legally required to ensure that electrical equipment and electric circuits are safe and in good working order. A majority of household fires are caused by electrical malfunction. To help landlords, we have put together a checklist of the Health and Safety responsibilities that you must adhere to.

Smoke Alarms
Smoke alarms must be installed on every floor in a home. Ideally they should be connected so that if one is triggered, all alarms sound. Test that all are in good working order and replace back-up batteries annually. In any room where there is a solid fuel appliance, such as a wood burning stove or open fire, there should be a carbon monoxide alarm.

Portable Appliance Tests (PAT)
You should have an annual PAT test carried out on all appliances that have a plug. Also check all electrical cables for wear and tear, and check that plug sockets are not loose.

Residual Current Device (RCD)
All modern consumer units (fusebox) have a Residual Current Device (RCD) fitted to prevent electric shocks. They also provide added protection if an appliance has an electrical fault by shutting off the power to help prevent electrical fires.

Electrical Installation Condition Report
You must have an Electrical Installation Condition Report (EICR) completed every five years – this must be done by a registered electrician.

Chimneys Cleaned Annually
Chimneys should be cleaned annually, ideally just before winter, to ensure that nesting birds and leaf fall during the summer and autumn does not create a fire hazard in the stack.

Fire Extinguishers
Although you may not have them in your own home, in a rented property you must provide a fire extinguisher in all high risk areas, such as in the kitchen. These need to be tested regularly, and you must also have adequate fire safety signage in place. Consider providing a fire blanket for kitchens too.

It is important to remember that landlords who invest in property can be held liable for any injury or fatality that occurs within their property if there is evidence of negligence. If any surveys state that improvement work is needed, it is vital to have this work carried out immediately by qualified professionals.