Why invest in Salford?
Salford is a city and metropolitan borough in Greater Manchester, situated to the north-west of the Northern Powerhouse city. With a rich industrial history as a former textile factory town and inland port on the Manchester Ship Canal, the area is now famous for the huge levels of regeneration that have taken place there.
As the population in the area has increased, so has the number of major businesses relocating there. Salford Quays, home to MediaCity which boasts the BBC and ITV among its tenants, is one of the most well-known regeneration locations in Salford, and there’s a lot more in the pipeline for the area. For property investors, Salford is a key hotspot to consider in the north-west.
Regeneration past and present
Major investment has been pumped into Salford over the past couple of decades, and the plan is for this to continue.
Salford Quays is famous for being the UK’s first and largest urban regeneration projects, involving the transformation of the former dockyards. Redevelopment began in the 1980s and the area has received hundreds of millions of pounds worth of investment since then.
Salford City Council has also now released an in-depth Salford Local Plan, setting out investments and changes coming to the area between now and 2035. This includes creating more distinct neighbourhoods in the area, increasing business and residential space, and improving environmental factors.
Port Salford is another new development in the pipeline, which is expected to create around 3,100 jobs in the long-term, while a £26m investment in Salford City Stadium will provide future associated development. The regeneration projects will all be complemented by additional property investment opportunities in the area.
Easy access to Manchester and beyond
For residents of Salford working in both Manchester and Salford itself, there are a multitude of transport options. Salford is extremely well connected to Manchester via the Metrolink, as well as roads and bus services.
As part of the Salford Local Plan, Salford Crescent Station is going to be transformed into a major public transport interchange, while further improvements will also be made to Salford Central Station. The plans will see a new Metrolink line connecting Salford Quays and Salford Crescent Station. There are also proposed improvements to pedestrian access and cycle lanes.
For travel further afield, while HS2 is unlikely to come to Salford itself, the second phase of the project will see it connected to Manchester once it is extended from Birmingham. This will drastically reduce journey times between Manchester and London, providing an added boost to businesses as well as enabling easier international travel via the Eurostar. Further to this, Manchester Airport is less than half an hour from Salford, offering hundreds of national and international flights.
High tenant demand
Manchester is one of the most popular destinations for students, graduates and young professionals in the UK after London – and this has a knock-on effect in Salford. Particularly as the area’s reputation continues to improve amid further regeneration work, and businesses continue to relocate premises here due to the growing talent pool combined with cheaper running costs, tenant demand in the area will grow. Graduate retention rates in Greater Manchester are high, so for landlords targeting this demographic of tenant, Salford is an ideal location.
According to data from home.co.uk, average rents in Salford are currently around £1,102 (February 2020). The majority of properties to rent in the city are flats, which achieve rents of around £1,143 per month on average.
Work hard, play hard
Since its regeneration, Salford is a standalone area away from Manchester where residents have literally everything they need. Thousands of people are employed within MediaCity, with offices for the BBC, ITV and TalkTalk, but there are plenty of other businesses in the area, too. With the increased spending from the Council, more jobs will also be created.
The area is also an entertainment hub, with plenty of bars, restaurants and pubs around Salford, and many concentrated in regeneration areas like Salford Quays. The Lowry theatre, Salford Museum and Art Gallery and the Imperial War Museum are among the most popular tourist destinations of the area, and there are hundreds of shops for all needs. It’s also home to around 30 parks and recreational grounds, as well as two country parks and five local nature reserves.
Available Property Investments
St Petersgate – Stockport Manchester
New Launch - Stockport Manchester, apartments from £160,000
- Discounted launch prices from £160,000
- Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
- Experienced development team
Assured Rent Housing Association Leases
Assured Rent Housing Association Leases
- Assured rent & no rental voids
- Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
- Free property and lettings management
Emerging Birmingham Commuter Town With Properties From Just £104,000
The emerging Birmingham commuter town where properties are selling in an average of just 24 days
- A collection of 62 two bedroom apartments and 28 one bedroom apartments.
- DE14 is one of the fastest selling postcodes in the West Midlands.
- 23 minute train journey into Birmingham New Street Station.
Properties from £104,000
South Central – Birmingham City Centre Apartments
Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.
- 154 units across 28 storeys
- Residential multi-media community room, gym, roof garden and sky cinema
- Excellent future connectivity via the metro system to other key transport hubs and locations around the city
Luxury Furnished Holiday Lets
A beautiful development of houses and apartments situated in the picturesque village of Bolton-Upon-Deare in Cumbria
- Tax efficient investment.
- High specification with marble effect tiles.
- Kitchen island in most units.
£181,500 - £330,000
Top UK HMO destination: within the 'golden triangle' in Greater Manchester
- Hands off, fully managed HMO conversion
- High average occupancy rates of 90% plus
- 10-15% rental yields
£250,000 - £300,000
Completely hands off and fully managed HMO properties throughout the UK
- Best in class & high-yielding HMO's 10% - 15% return
- Fully managed & licensed HMO blocks
- Prime locations in the UK including Greater Manchester, Salford & South Yorkshire
Manchester city centre Grade II listed loft-style apartments and townhouses
- 2 minutes walk to Victoria Station
- 21% rental growth projection 2019-2021
- Unique renovation with character