Wardour Point, a development crafted for modern living, has been launched in Manchester to meet the growing demand for regional property.
The scheme boasts 183 apartments over 25 floors, situated in the city’s emerging creative quarter where residents can live, work and relax.
Offering a high-performance investment opportunity, Wardour Point has two-bed apartments priced 71% lower than the market average and rental yields estimated at 6.13%.
The development represents a ‘first-rate opportunity’ for investors, with the design made to meet the needs of the ‘next normal’. One, two and three-bedroom apartments and duplex apartments are available – each benefitting from access to the on-site health and fitness facilities.
Wardour Point also offers an end-to-end property management service allowing investors to benefit from lettings.
Matthew Fawl, managing director at exclusive agents Alesco Investment Properties, comments: “We’re extremely excited about the launch of Wardour Point, in an area of the UK that has seen unprecedented growth in the buy-to-let sector from both domestic and international buyers, in wake of the Covid-19 pandemic.”
“The pandemic created an unmistakable preference for flexibility, which for many has cemented the appeal of renting as a lifestyle choice, as well as the desire to seek better value for money outside of London, in properties that are more closely aligned to evolved priorities.”
“This has contributed to the growing popularity around investing in the regions, which offers a lucrative and attainable way to start an investment portfolio for first-time investors.”
From an investment point of view, Fawl says Wardour Point ‘creates the perfect storm’ for investors to benefit from high rental yields to complement their portfolios.
The scheme offers contemporary living spaces on Regent Road, surrounded by a centralised landscaped garden with outdoor seating under stylish pergolas and communal areas – prioritising green spaces for a new way of living.
Communal growing beds, informal table tennis, and table football also provide multifunctional areas for residents to enjoy.
Inside, the apartments benefit from a high specification, and larger-than-average light-filled rooms, ideal for remote working. Security is also prioritised with keyless entry systems to all blocks, CCTV-monitored entry to all buildings, and a 24/7 concierge desk which provides hospitality-grade security, in a contemporary home.
Luxury furniture packages are available, starting from £2,499 for a one-bedroom apartment, or £3,499 for a two-bedroom apartment, which includes comfortable soft furnishings, chrome ironmongery and walnut laminate flooring. The kitchens also include high-quality integrated appliances, such as an oven, dishwasher, fridge/freezer, glass splashbacks and stainless-steel finished sinks.
Wardour Point is aptly located between Manchester City Centre and Salford, in close proximity to a range of retail and dining outlets. Despite Manchester’s impressive regeneration and unique blend of culture, vibrant businesses, media hubs and education services, house prices remain affordable to investors who can benefit from this rapid growth.