Ancoats, from industrial ghost town to hipster hotspot: Surrenden Invest reports
- Ancoats named ‘hippest’ place to live in the UK (Travel Supermarket)
- Talented young professionals drawn to Ancoats by its business prospects (Surrenden Invest)
- Surrenden Invest launches Pop Works complete with Wondrwall smart home tech
According to a recent Hometrack report, Manchester property prices rose by an impressive 8.9% in 2016, the second fastest rate of growth in the UK. A shortage of homes has led to price inflation striking its highest rate in 12 years, marking Manchester out as an admirable investment hotspot.
Apartment prices in the city have skyrocketed, Zoopla figures show a rise of 25.88%, over the past five years yet the average apartment cost in Manchester is still just over a third of the price of a London apartment making a purchase of this stock type extremely attractive to buy-to-let investors.
But where in Manchester are investors looking for such property gems?
Investors are paying attention to Ancoats report leading property investment agency, Surrenden Invest. Home values in this area adjacent to Manchester’s Northern Quarter have risen by 29.54% over the past five years according to Zoopla figures, generating great potential for capital gains as well as healthy yields. Major firms including Deliveroo and Uber already call Ancoats home, along with a variety of local SMEs and creative and tech start-ups creating a vibrant and thriving business community.
Once home to textile mills and manufacturing industries such as newspaper printing, Ancoats is now a hotbed of creative industries and exciting start-ups thriving thanks to the ongoing regeneration in the area.
In 2017 Ancoats was named one of the best places to visit by The San Francisco Chronicle with talented young professionals drawn to the area by its business prospects, in turn driving demand for chic rental accommodation that lives up to their increasingly exacting standards.
“We chose Ancoats as the location of our latest buy-to-let development, Pop Works, because it’s such an up and coming creative hub with a great deal of potential and appeal. The area itself is more affordable than other established parts of Manchester and is now really starting to liven up with shops, bars and businesses – there’s even a ‘Hip Hop’ themed chip shop!.”
Jonathan Stephens, MD, Surrenden Invest
Pop Works, available to invest in through Surrenden Invest, is one of Ancoats most outstanding new developments. The residence has been designed with young professionals and their families firmly in mind and features the latest in “smart home” technology, along with an on-site gym for residents’ exclusive use. With high end, branded appliances and a superb finish, these 28 contemporary apartments showcase the best in urban living.
“With Ancoats being named ‘hippest’ place to live in the UK by Travel Supermarket, it is a no brainer that we had to consider what young hipsters want. We did our research to enable us to deliver exactly that and we integrated a range of features into the apartments to ensure we were meeting these demands. One thing we really wanted to focus on was smart home tech as this is something that today’s tenants demand.”
Jonathan Stephens, MD, Surrenden Invest
Given Ancoats location, surrounded by young businesses and IT start-ups and its appeal to tech-savvy creative individuals, Pop Works has appropriately elevated the bar when it comes to smart home technology.
The residence features the Wondrwall intelligent living system. This pioneering technology permits occupants to adjust their homes to effortlessly suit their needs. Residents can control their heating, lighting and security settings, using voice control technology to make changes at any time.
In addition, the Home Connect functionality and Siemens appliances mean that tenants can manage their home appliances from anywhere. Residents can boil the kettle before getting out of bed, or deal with a load of washing while still at the office. They can even look remotely into the fridge to see if they need to grab some shopping on the way home!
This smart technology aids to future proof Pop Works for investors, creating highly sought after, technologically progressive apartments that will endure to appeal to tech-minded tenants over the coming years.
Prices range from £145,000.