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Ancoats is Officially One of The Coolest Places on The Planet!
Property investment companies that have been working in the buy to let property UK sector for some time are well aware of how important Manchester is within that market. The city’s Ancoats district, in particular, is a hive of activity for dynamic, entrepreneurial young people looking to make the most of the urban lifestyle. Now, the area has been named as the 13th coolest neighbourhood in the world by TimeOut!
“Ancoats is Manchester’s hippest, most creative district. The area draws in young professionals from across the city and beyond, most of whom are looking for cutting edge rental accommodation with plenty of added extras. This has led to a swathe of new buildings springing up in the area, as developers and investors rush to meet the high level of demand for new homes.”
Ancoats, Manchester is perfect for fresh young start-ups
Packed with affordable, inspiring co-working environments and independent eateries, while “craft beers, artisanal bakeries and gin joints crop up in less time than it takes to say ‘beetroot latte’” (TimeOut), Ancoats blends elegant residences with cutting edge art venues and exciting new offices that are perfect for housing fresh young start-ups. And all just a 10-minute stroll from Manchester’s Piccadilly Station.
At the heart of the action sits Ancoats Gardens; perfectly positioned for residents to enjoy all that Ancoats has to offer. The development provides spacious homes with an urban-industrial-chic vibe that is spot on for this hippest of districts. Shared facilities include a stunning rooftop terrace, spacious coffee lounge and gym for residents’ exclusive use.
Also popular with buy to let Manchester investors in the Ancoats area is Pop Works – a collection of 28 high spec apartments with integrated smart appliances and an on-site gym. Both this and Ancoats Gardens have been developed to make the most of Manchester’s excellent property market conditions. These include a 30.64% increase in home values in the five years to December 2018, according to Zoopla, along with projected rental growth of 20.5% between 2017 and 2021 (the highest rate in the UK).
“Manchester – and specifically Ancoats – has taken its place on the world stage, rubbing shoulders with the likes of Tokyo and Berlin in terms of its on trend, cultural credentials. Its hip reputation is backed by solid market fundamentals, making this an excellent choice for property investors looking to profit from UK buy to let opportunities.”
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