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Diversify Your Portfolio With Luxury Apartments Located In The Best Place To Live In The North West

19.08.21

Altrincham – A Town Where Rental Occupancy Levels Achieve Over 98%

Alderbank is a beautifully designed apartment complex that is nestled perfectly between the leafy suburbs of Manchester – Altrincham, Bowdon and Hale. With a range of two and three bed apartments, underground parking and beautifully landscaped gardens, investing here is an opportunity not to be missed.

The Location

As The Financial Times recently reported, price rises in London have slowed, and regional cities are offering attractive returns. The rules of rental accommodation are still applicable – location, market supply factors and rental £pcm potential. Altrincham and Alderbank match those criteria – town centre rents are high as demand outstrips supply, new medium-large scale projects are limited due to the surrounding conservation areas, and the location is the most desirable in Greater Manchester.

Altrincham – recently crowned the Best Place to Live in the North West by The Sunday Times and England’s Best High Street – is only a two minute walk away. The town has a wide array of bars, restaurants and independent retail offerings, including the famous Altrincham Market House. Whilst the town is incredibly desirable as a suburban social hub, it has some of the UK’s most admired landscapes on its doorstep. Dunham Massey is only a 7-minute drive away, the Peak District is less than 40 minutes away and the Lake District is just shy of 1 hour 20 minutes’ drive. Equally so, Altrincham has an excellent transport network. Manchester is accessible within 20 minutes by car or Metrolink tram, London within 2 hours 20 minutes via train, and Manchester International Airport is a 12-minute drive. Furthermore, HS2 is arriving at Manchester Airport Station, which will effectively half current journey times to Birmingham and London.

The Development

The building has a unique mixed design of homes, offering two and three bed apartments ranging in size and format. The properties are spread over several floors and offer a versatile living space with many properties also offering dedicated home offices – something that is essential with home working and other lifestyle changes we’re all experiencing. The apartments boast an abundance of storage, floor to ceiling windows providing excellent natural light, home automation and high-specification integrated Siemen appliances.

Steven Slater, CEO of developer Real Estate Investment Partnerships, said: “Altrincham is a town that has everything investors and tenants could possibly want. It’s the hippest place in Greater Manchester with a famous foodhall market, luxury bars and restaurants, independent shops and boutiques and some of the best private and state schools in the country.

“We’ve created a unique community in this building, but not only in the design of the complex. The Alderbank Residents Club is an exclusive members service that runs for all residents and offers a premium addition to the property. Access to benefits from local businesses is provided as soon as they move in which creates loyalty, ingrains tenants into the community quickly and cements a desire to stay in Altrincham, thus extending tenancy agreements.”

The Market

Alderbank provides an investment opportunity that will diversify south east heavy portfolios whilst maintaining the focus of minimising voids, securing an attractive yield and the potential for substantial capital appreciation.

Altrincham’s demanding tenants – from young families, couples, footballers and successful business people – expect a level of quality and luxury. Alderbank offers this, without a property investor having to change or adapt the interior. And, with beautiful outside spaces, electric vehicle charging points and underground parking – there is no compromise.

Rental properties in this location are coveted; however, current stock can often be unsuitable for a discerning renter or the modern family. The availability of better-quality accommodation has been unable to match the burgeoning demand. Several properties at Alderbank have already been purchased by investors; when marketed by local agents they have been inundated with enquiries and have taken reservations within hours of advertising the listing.

Priced from £450,000 for a two-bedroom duplex apartment, [achieved yield on comparable property equal to 4.15%] and from £550,000 for a three-bedroom duplex apartment [achieved yield on comparable property equal to 5.05%].

Contact Gascoigne Halman today on 0161 929 1500 for a personal viewing of our show apartments, either virtually or in person.

 

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