Investment outside of Manchester can often be as lucrative as investment in the city center, meaning if you’re looking for an area to invest in outside of the city center, Altrincham could be the perfect option. Altrincham is one of the more affluent suburbs of Manchester and there are several reasons why it is the ideal location for new investment.
Altrincham is home to a range of bars, restaurants, and shops, as are many of the Manchester suburbs. However, what makes Altrincham stand out from the rest is its wealth of critically acclaimed schools and fantastic transport links.
Altrincham has also already experienced a wealth of new investment over recent years despite being considered as a more of a “desolate ghost town” a mere few years ago, which is a far cry from the bustling suburb it is now. In fact, due to its miraculous transformation and extensive redevelopment, Altrincham has recently been awarded the title of the “best place to live in the North West”
The recent redevelopment Altrincham has received has quickly seen it become the envy of towns not only across Manchester, but across the country with many Londoners beginning to migrate to the area. This is, in no small part, due to the success and popularity of the infamous Altrincham market which offers a plethora of places for residents to eat, drink and socialise whilst offering a range of homemade and artisan goods for people to purchase.
Manchester has long been a city on the rise and the surrounding areas, including Altrincham, are no different. If you’re interested in the Trafford area, Altrincham is a fantastic area to take note of, especially as it’s considered a pricier area for property but with that brings an affluent buyer.
Aside from its bustling marketplace, Altrincham has a range of critically acclaimed schools and other education establishments including the exclusive St Ambrose and Altrincham Grammar School. This has allowed the town to benefit greatly from its schools over the course of decades with certain schools being so popular that families from across the country are looking to move into the local catchment area.
For residents who perhaps are hoping to escape the rush of the city, there are still plenty of career opportunities, especially as there are currently over 400 businesses in the Altrincham area alone. Purchasing a property in this area allows for tenants to have the option of staying local or hopping on a bus into the city and into their place of work.
Although yields average at around 3 – 3.5%, it’s still worth taking the time to learn about the area and the types of people that buy property in this borough. Despite high price tags, sold prices in Altrincham were up 5% up on the previous year and 15% up when compared to the 2017 property peak.
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Altrincham boasts some of the highest house prices outside of the South East of England with the average Altrincham resident paying an average of £2,227 per square foot for their property which is often higher than seen in some city centre properties.
Data provided by Zoopla shows that over the last 12 months, several house types have increased in value; Flats are up by 9.6%, Terraced by 8.1% and Semi-detached have had a value change of 4.9%.
What’s more is the positive impact Altrincham is having on people who may reside outside of the area, as some people have shared their experience of moving back to Altrincham from London, as it provides a better living experience.
Aside from the city centre, Altrincham has lots to offer residents and tourists in the area. The borough has plenty of green spaces which are enjoyed thoroughly by the community and for those who fancy a bit of fun, there’s always the Altrincham Market which attracts over 7,000 visitors per week and is home to a spectrum of local crafters, food and other types of vendors.
The culture and popularity of this local flair has kept Altrincham on the top of many people’s list of places to visit. Altrincham also caters for those who need a bit of retail therapy in the form of The Stamford Quarter, which has a range of popular retail brands available, ideal for those who would rather stay closer to home, rather than travel into the city centre if they need to grab some essentials.
Altrincham is also home to the only permanent Ice Rink in Greater Manchester, two theatres, a six-screen cinema and of course, the Altrincham Football Club.
You’ll never feel disconnected in Altrincham as the area provides many options for people to get around the borough and in and out of the city. Whether that’s by metro, train, bus, or taxi, Altrincham transport links run frequently to the city centre and back with stops at all major locations including East Didsbury and Manchester Airport.
Altrincham has recently received large sums of investment to help grow the community and the number of attractions in the area to keep it modern and provide plenty of amenities and opportunities for residents and visitors.
Trafford Council have been building their own investment portfolio, with the purchase of the Altrincham Sainsburys included within that, the council hope to put surpluses back into council services to continue improving the area.
This continued investment into the area has kept shop vacancies down and has risen footfall by more than 25% since 2010. Popular brands continue to set up stores on Altrincham’s high-street such as JD Sports and Paperchase but the area has also attracted many independent stores who have contributed to the strong community feel.
Altair is a £70m scheme to improve and introduce a new residential and lifestyle quarter which will offer residents somewhere to dine, exercise, live and work. This includes high quality apartments which provide tenants with a stunning view of the area as well as modern open-plan living.
Grade A office space is set to become an integral part of the Altair Scheme and is just a short ten mile journey from the city centre and an even shorter five mile trip to reach Manchester International Airport. With such a central location, the opportunities for new businesses setting up here is endless.
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Key to the success and growth of Pure Investor in recent years has been our location on the outskirts of Manchester. Strategically located to offer all our consultants easy access to Manchester, Liverpool, Sheffield and Leeds, we are regular visitors to all the major property developments within the key Northern Powerhouse destinations.
We are passionate about the growth and development within these locations, ensuring our consultants have a high level of expertise regarding the development opportunities within these key growth areas. For this reason, many investors choose to speak with Pure Investor first when considering property investment in the North England.
We genuinely believe in working with our clients, providing a high quality of service and information, allowing our clients to make their decision on a more informed basis. As a result of this, an increasing number of investors are choosing to return and utilise our services on an ongoing basis. This is something we are incredibly proud of, and which we are looking to continually improve on in the future.
If you are considering in investing in a property in the North of England, and don’t fancy the ‘hard sell’ approach, please feel free to get in touch on either enquiries@pureinvestor.co.uk or Tel: 0161 337 3890.
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