Why would you consider property investment in the North West? After all isn't it "grim up North...?" At least that’s the tired old stereotype you’ve probably heard if you're from the south.
The fact is the North West has never been grim... and recently it's been going through a period of transformation, building a well-deserved reputation as the UK’s new hub for industry and commerce.
And that's not all... Property investment in the North West is also far more affordable than the South East. Those who invest in the North West are much more likely to benefit from higher returns than most other areas of the country. The North West’s biggest city Manchester, for example, achieves an impressive average rental yield of 6%, compared to 4.9% in London.
With the growth of high tech, digital industries, excellent universities and a rush of young professionals looking to call the North West ‘home’, the region should now be on any property investors' radar.
The House Crowd specialises in peer to peer lending and property development investments in the North West. We strongly believe that the region has more to offer the investor than any other area of the country. Because of our local knowledge and extensive experience of this market we are able to offer in-depth, concise insights to our investors. We stick to what we know.
A key reason to consider the North-West for property investment is affordability. The average first-time buyer in the North-West pays an average deposit of £19,000 - equivalent to around 54% of their annual income. In London the average deposit is £99,573 (149% of average income). In short, it’s far easier for young people, graduates and first-time buyers to get on the housing ladder.
To summarise, the North West has a growing economy, a healthy job market, greater affordability, a growing professional population and a high High graduate retention rate. All the ingredients for sustainable, long-term property investment growth.
"On the 6th day, God created Manchester" Home to two of the world's best football clubs (well ok one at the time of writing!), great music and culture, a world class university and growing digital and media industry, Manchester is truly the Northern Powerhouse.
Manchester’s city centre housing market is positively booming. As of July 2018, there are c.7,000 new apartments under construction and the development pipeline shows no sign of abating.
Underpinning the growth in demand is a surge in young professionals looking to live and work in Manchester, offering big city life without the high rents and expenses that come with London.
While the effect of the government's much vaunted 'Northern Powerhouse' initiative remains debatable, with large scale investment in Media City, Manchester Airport and Manchester University's faculty of science, demand for city centre living is not expected to drop anytime soon.
Manchester city centre accomodation is a mix of gleaming new builds and the refurbishment of many characterful mills and factories that still stand from the industrial revolution.
Castlefield was the first city centre district to see such regeneration, dating back to the 1970s. More recently, Manchester's now famous Northern Quarter has been transformed from a state of urban decay into a vibrant hub for work and socialising.
To put scale to Manchester's growth, 60,000 people are expected to live in the city centre by 2027 - a 1000% increase on the number who lived here when Manchester hosted the Commonwealth Games in 2002.
Chapel Walks is our brand new located in the heart of Manchester’s most exclusive shopping and professional district.
Everything you could want is located virtually on your doorstep; award winning restaurants, theatres, bars and designer boutiques.
This development provides investors with an exceptionally rare and exciting opportunity - a truly unique city centre development involving the conversion of the upper floors of these characterful, historic buildings into 14 individual, luxurious apartments, imaginatively designed by Calderpeel, one of the leading architects in the North West.
We have crowdfunded £2.45 million on the project to date and will be raising more funds in the coming months. Phase 1 investment offered a rate of 10% p.a. secured by a 1st legal charge over the property. Open your House Crowd account to find out more about this investment opportunity and receive a FREE investment guide.
Greater Manchester is the UK's 2nd largest urban area offering everything you can wish for in life except a beach!
While investment in the city centre is already booming, the less well-known towns and suburbs surrounding Manchester also provide great opportunities for property investment.
Media City is a 200-acre mixed-use site on the banks of the Manchester Ship Canal, just a couple of miles from the city centre. Its principal tenants are the BBC (sorry London), ITV Granada, University of Salford and a creative cluster of complementary media companies.
Media City has become a focal point for development and innovation across the region, and testament to Manchester’s increasing international significance.
In the affluent South Manchester suburbs, Altrincham and Sale are renowned for excellent grammar schools, easy access to central Manchester via the Metrolink while just a stones throw from open countryside and excellent local amenities.
Fashionable restaurants, bars and trendy shops have all rippled out from Altrincham's epicentre at the renowned Market Hall, and the town was unsurprisingly voted best place to live in the North West in 2019. Its success is set to continue with a number of major retail, leisure, hotel and residential schemes already underway.
Altrincham has traditionally been one of Manchester's premier residential areas, but nearby Sale has been going through a transformation of its own, seeing a 34% rise in property prices from 2014-2017. Perhaps best known for its Premiership rugby union club - Sale Sharks, the town offers a fabulous community spirit, culture and food and a fast access to Manchester and nearby Trafford Park.
Altrincham has been one of the most desirable and affluent areas in the UK for over 60 years. And now, after four years of inspired regeneration work, it is the envy of other regions throughout the North West, who are seeking to emulate its astonishing success.
The Downs is one of the most prestigious roads in the town centre. And our scheme of 40 super-stylish contemporary units, designed by the North West’s premier architects, Calderpeel, and being built by the renowned contractors CPUK, it is set to be an integral part of Altrincham’s continued success.
We have crowdfunded £3.75 million to date on this development, offering investors rates of up to 12% p.a. secured by a first legal charge on the land asset. Further fund raises are planned so open your account to view this opportunity in more detail and receive your FREE investment guide.
To the South of Manchester, Stockport is a bustling metropolitan area that has experienced tremendous growth as an entrepreneurial hotspot, beating both regional and national business start-up rates per 10,000 residents.
To the East, Oldham sits between Manchester City Centre and tranquil outskirts of the Peak District with a diverse business community including advanced manufacturing, construction, digital/creative and financial services.
To the North-West of Manchester, Bolton is a town set for massive development, with a projected £1.2 billion regeneration plan, while Preston (the 3rd largest city in the North West) has secured £435m worth of investment to expand its transport infrastructure, revamp its’ market quarter and build over 17,000 new homes.
Look a little further north into Lancashire and you’ll find similar stories of low house prices (compared to the South-East) and investment providing scope for capital growth potential in Blackpool, Blackburn and Burnley, all of which makes the North-West an exciting and highly investable proposition.
Fox Owl Rise is located on the outskirts of Oldham Town Centre and comprises 45 houses and 9 apartments.
Half a mile from Lees village, Fox Owl Rise offers the chance to indulge in the tranquility of the countryside and convenience of a nearby town.
With a history of development success in the area, agents have outlined their confidence in the project and that they expect there to be a strong demand for this type of property.
We have crowdfunded £4.225m million on the project to date and will be raising more funds in the coming months.The most recent fundraise (which is currently open for investment) is offering investors 9-10% p.a. and a 1st legal charge.
To the south of Greater Manchester, Cheshire is a beautiful county that features scenic countryside, picturesque market towns and villages comfortably within commuting distance of Manchester and Liverpool - two of the UK’s biggest cities.
Home to the fabled ‘golden triangle’, Cheshire is populated by a collection of luxury eateries, mansions and multi-millionaires. They have to live somewhere after all.
Despite the relative maturity of the county and its residents, the scope for property investment remains high with many city dwellers settling in the market towns, with excellent schools and easy access to the M6 and M56 corridors.
Home to sports stars, celebrities and real housewives, the market town of Wilmslow and neighbouring Alderley Edge form part of what's locally known as 'The Golden Triangle'. It's no surprise that these locations are among the most desirable in the North West, with prices in Alderley Edge tipping a jaw dropping in at an average of £1.9m.
Cheshire has proud traditions of trade and transportation. Warrington and Crewe are probably the best-known train stops on your journey to the North. Warrington (home to the UK’s first IKEA among other things!) is positioned right in the heart of the Manchester-Liverpool commuter belt, while Crewe has been described as a ‘super-commuter town’, accessible to London by rail in just 1h 30m.
Cheshire also boasts historic market towns. Sandbach for one, is awash with independent shops and well received restaurants, while Northwich was among The Sunday Times top 100 places to live in the UK and noted for its’ high quality schools, natural beauty and affordable property.
Bridge View can be found a few miles north of Northwich town centre in the rural village of Rudheath. With a strong local housing market people moving to the area can expect to take advantage of good schools, excellent transport links and an array of attractive local amenties.
Once renowned for its iron-rich water, which was bottled and sold around the country throughout the 19th century, the village of Lees find itself nesteld between the Medlock Valley to the south and the untamed beauty of the Saddleworth moors and the pennines to the north.
The development in question comprises 19 houses of both 3 and 4 bedrooms. Local agents have advised that given the high demand and current low stock of new build properties in the area, they expect this development to be particularly popular with 1st time-buyers and young families.
We have crowdfunded £2.6 million on the project to date and are currently raising funds for fundraise 4; investors can earn 9% p.a. with a 1st legal charge.
You might think we’re biased, (maybe we are) but we can vouch for the fact that the North West is outperforming the South in a number of different ways (and not just on the football pitch!).
Specialising in peer to peer lending, property crowdfunding and property developments in the North West, The House Crowd strongly believes that the region has more to offer the investor than any other area of the country. With The House Crowd being based in the South of Manchester many of our team are homegrown. Because of this we are able to offer in-depth, concise insights to our investors. We stick to what we know.
We are an FCA accredited platform for secured peer to peer lending. This ensures a high level of transparency and a legal obligation to be upfront about all risks involved in P2P investing.
To date, we have raised more than £81 million in funding on our platform, and delivered average returns in excess of 9% p.a. from our property development loans.
If you’re interested in any property investment opportunities that deliver real returns, open your House Crowd account today. We will also send a Free Investment Guide when you sign up, and you can review our investment opportunities in more detail.