The Pendleton – UK

The Pendleton – UK

The Pendleton – UK

Salford, Greater Manchester, North West England, England, United Kingdom

For Sale

₹10,305,000 - ₹1,58,32,000

  • Pendleton New CGi Main view
  • Bathroom
  • Bedroom (002)
  • Living Room
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Property ID :

 RH-5146-property

Bedrooms
1 - 2
Year Built
Completion due Q3/Q4 2021

Description

The Pendleton is an exclusive 6 – storey development that consists of 71 spacious and elegantly-designed 1 & 2 bedroom apartments. Nestled in the desirable Pendleton area, these exclusive residences have been carefully designed in a manner that offers the perfect harmony between functionality and style. With part of the development being a stunning Georgian-style period residence from the 1920s, The Pendleton celebrates both the area’s heritage and its bright future. Residents will also enjoy the spacious, modern interiors and fantastic amenities, such as the beautiful private landscaped rooftop garden, secured bicycle storage, and car parking.

Why Invest in Pendleton?

  • Manchester’s city center population grew by 149% from 2002 – 2015 (Centre for Cities, 2018), causing a housing shortfall.
  • Industry experts are expecting house prices in Manchester to grow by 22.8% between 2018 and 2022 (JLL, 2018)
  • Rental Growth: 23% (Salford) vs 9% (London)
  • Around 50% of Manchester’s graduates stay in the city for work, a rate second only to London in the UK (JLL, 2018), creating a high demand for tenancy in the area.

Development Key Points:

  1. One-bedroom between 395 and 647 sqft
  2. Two-bedroom between 600 and 963 sqft
  3. Prices starting from £127,000 for 1 bed
  4. Prices starting from £175,250 for 2 beds
  5. Fully equipped kitchen with top-end Bosch electrical appliances
  6. 37 car parking, spaces, beautiful private landscaped rooftop garden, and secured bicycle storage.
  7. 250 years leasehold

Location Advantages for Overseas Investors looking to Invest in Pendletion UK :

  • 2-3-min. walk to the University of Salford
  • 5-min. walk to Salford Shopping Centre
  • 10-min. walk to Crescent Train Station
  • 8-min. drive to the University of Manchester and Manchester Metropolitan University
  • 11-min. drive to Northern Quarter

Market Facts:

Pendleton has become a desirable location for overseas investors  due to its proximity to Manchester City Centre, MediaCityUK, Trafford Park, and Salford Royal NHS Foundation Trust. Its convenient position offers easy access to the city centre, while its affordability is attracting more and more professional tenants to the area.

  • £650m Regeneration Scheme to transform Pendleton.
  • Rental Growth: 23% (Salford) vs 9% (London)
  • Price Growth +270% in the last 2 decades
  • Economy Growth: £230m (+900 new businesses and +40,000 new jobs by 2040).

Interesting Reads:

5 Key Reasons to Invest in Manchester

Brexit & The UK Property Market

Additional Details

  • Payment Plans: GBP 5,000 to reserve | 30% on exchange | 70% on completion
  • Housing Demand Forecast: 227,200 (2015-2035)
  • Minimum Housing Target: 2,500 p.a. (2016-2025)
  • Under Construction: Only 10% of homes in the pipeline
  • Housing Shortfall: 2,000 p.a
  • Rental Growth (2012-2018): 23% SALFORD

Features

Property on Map

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