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Complete guide to Property Investment in
Wigan is one of the UK’s top manufacturing hubs housing large multi-national businesses. The city is also seeing significant levels of investment into it’s economy from these very same businesses with Kraft Heinz set to invest £140 million in the regeneration of its manufacturing facility in Wigan, which is estimated to create more than 50 jobs within the Kitt Green area.
As well as the exciting levels of investment into the city from businesses, Wigan is proud to sport impressive transport links between the cities of Manchester and Liverpool. Because of these transport links, commuters are able travel from Wigan to either of these two major cities in under an hour either by train or car via the M61 to Manchester or the M58 to Liverpool.
The city is also seeing plans to revitalise its leisure and commercial quarters with a £130 million proposal being put forward to completely regenerate the Galleries Shopping Centre and surrounding areas. This 440,000 square foot development is predicted to create 475 construction jobs in the area as well as and additional 190 jobs upon completions which could draw in an influx of fresh-blood into the city and drive the demand for housing and property to skyrocket.
Wigan has healthy levels of property investment opportunities as well as excellent developments, such as the aforementioned Galleries25, which is set to include 464 residential units. In addition to its residential and commercial investment, properties have also seen a good level of capital growth in the city with house prices increasing 35.13% in the last 10 years.
In addition to the growing property market in Wigan, the city is ideally situated within greater Manchester allowing for easy access to both Liverpool and Manchester by train in under 40 minutes. The city’s excellent transport links to a range northern hotspots makes it an attractive location for young professionals working in any number of the many businesses, both, in Wigan and in the other surrounding cities.
Average property value of £177,948.
Average property rents of £614 pcm.
House prices increased more 35% in the last 10 years.
Wigan’s property market continues to grow after seeing consistent growth over the last decade. It is also safe to assume that the levels of commercial and residential investment in the area will cause the growth in the city to continue as the demand for housing climbs as a result of the newly generated jobs on the horizon for the area.
According to data from Zoopla, the value change across all property types in Wigan have increased by more than 14.5% in the last 5 years leaving the average value of properties in the city at almost £178,000.
Due to the level of commercial investment in the area and the expected influx of new jobs in the city, the cost of housing is likely to continue to grow. Additionally, the city’s ideal location in the north also accommodates those who may be looking for a more rural place to live and commute to the nearby major cities in Manchester and Liverpool.
The Wigan area boasts a wealth of green space, perfect for those adventurists who love to get away. However, it doesn’t end there as there are plenty of other forms of entertainment in the city – from the Wigan Roller Rink to the numerous museums in the area, there is truly something for everyone. Sport fans are also catered for in Wigan with the DW Stadium right on their doorstep. The stadium is home to both Wigan Athletic FC and the Wigan Warriors rugby league club.
Wigan is home to excellent transport links with both Manchester and Liverpool accessible in under and hour by car or by rail. Getting to an airport is never difficult in Wigan, as Manchester Airport is just 27 miles away and Liverpool’s John Lennon Airport is 28.5 miles away, both of which can be reached in less than an hour. With investment into better transport throughout the Greater Manchester area continues, Wigan is sure to benefit.
Much of the investment into the city of Wigan is through the commercial and industrial sectors such as the Kraft Heinz’ factory regeneration, set to create new jobs in the area. In addition to the Heinz factory, The Galleries Shopping Centre in the city is set see a large scale redevelopment scheme with an estimated investment of £130 million.
With construction on the project set to begin in 2022 with a completion date in 2025, it is estimated that this regeneration will create numerous jobs with 475 new jobs during the construction and another 190 once the project is completed.
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 firstname.lastname@example.org or Tel:0161 337 3890.
We look forward to hearing from you!
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