Wardour Point launches in Manchester
Alesco Investment Properties has been appointed as exclusive agents for Wardour Point in Manchester.
The scheme offers 183 apartments over 25 floors, with two-bed apartments priced 71% lower than the market average, and rental yields estimated at 6.13%.
Matthew Fawl, managing director at Alesco Investment Properties, said: “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.
“Wardour Point will be also able to provide occupiers with affordably priced, well-designed homes in Manchester, which is experiencing growth faster than any other UK city, and is home to some of the country’s most impressive businesses attracting global talent.”