Part of MediaCityUK’s awaited second phase of expansion, Michigan Avenue allows investors to take part in the huge growth movement in Manchester and Salford. As part of the UK’s second-largest economy after London, it’s an exciting and potentially rewarding time to be a part of the action.
The huge Michigan Avenue development will boast an incredible 1,314 new homes, across a mixture of 1, 2 and 3-bedroom apartments and townhouses. MediaCityUK is an investment hotspot, with massive potential capital appreciation supported by a thriving rental market. Striking the right balance between city living and outdoor space, Michigan Avenue promises huge potential for prospective investors.
MediaCityUK is at the heart of Salford Quays, one of the most sought after rental locations in the Manchester area, attracting young families and professionals alike. With an ever-growing list of amenities, including shops, bars and restaurants, Salford Quays has undergone an impressive regeneration following the first phase of the MediaCityUK development. The rental market and economy of the area has boomed in recent years and shows no sign of slowing down, with thousands of people moving to the Manchester area every single year. Boasting the many perks of inner-city living, Michigan Avenue will enjoy just enough distance from the hustle and bustle to give residents peace and tranquillity, as well as sought-after green spaces. Salford also provides a whole host of transportation options, meaning residents can venture into the city centre as easily as they can visit nearby towns and cities. According to Manchester City Council, population growth around the city is around 15 times the rate of required housing construction to accommodate them. It’s likely that this overwhelming demand will ensure continued growth in interest for rental properties as well as housing price growth in the region.