Salford – an area with a previously less than desirable reputation. Long gone are the days of the ‘old’ Salford. Whether it was the depressing smoke stacks depicted by local legend L.S. Lowry, or the general consensus as the nation’s capital for scallywags, things have changed immensely. The erstwhile days of an industrial wasteland that once was Salford has now been replaced by world-class architecture with shops and restaurants to challenge the best London has to offer. So, whatever takes your fancy, No.1 Trafford Wharf in Salford Quays has something for every taste.
Salford Quays – a history
The Quays were opened in 1894 by Queen Victoria. Salford Quays, being the larger of the two docks (the smaller of the two are named Pomona docks). Spanning 120 acres of water and 1,000 acres of land, Salford Quays was a major transportation hub for the North West and at one point served as the third busiest port in Britain.
In 1985 Urban Waterside began the Salford Quays development plan. Not only did the local development company face struggles with pollution from nearby factories, pollution also negatively impacted the water quality greatly. Things had to change. Dams were built to seal off the docks using a rather ingenious approach of aerating the water using a compressed air mixing system. In just under two years, 12,000 fish were introduced. Salford Quays was well on its way to being the cultural centre it is known as today.
Whether you’re a red or a blue, a history fanatic, a foodie or someone who appreciates a lively evening scene, No.1 Trafford Wharf has something for everyone. ITV, The BBC, Bupa and the University of Salford are all part of what is being touted as the second largest concentration of creative, media and tech companies in Europe. Let’s take a quick look at just a few of the things Salford Quays has to offer:
- The Lowry – an arts centre built in 2000 and opened by the Queen, The Lowry comprises of over 2000 square feet of gallery space and hosts a 1730 capacity theatre.
- Imperial War Museum North – opening in 2002 and showcasing war machines, uniforms and military uniforms to name but a few of the exhibits, the museum won the Building Award in the 2003 British Construction Industry Awards.
- Ordsall Hall – often cited as Salford’s best kept secret, this Tudor mansion dates back 750 years. But beware – locals are often overheard whispering about The White Lady, an apparition said to haunt the Great Hall.
- Old Trafford – Go behind the scenes and experience the club’s history with an 80-minute Manchester United Museum and Stadium Tour. A pilgrimage for United fans worldwide, Old Trafford is more than an institution – it’s a way of life.
With the Manchester Metrolink tram system (voted one of the best in the world) serving Salford Quays and the Greater Manchester area, there’s also plans for the British High-Speed Rail to be introduced, reducing the commute to London to a swift one hour. Transport connections are convenient to say the least. Needless to say, this is still a part of Greater Manchester. Ask any Salfordian and they’ll no doubt tell you this IS the Greater Manchester.
No. 1 Trafford Wharf – the diamond of Salford Quays
Designed by architecture firm 5 plus, this 354-home development is situated next to stunning waterside views. Close to Manchester city Centre and just a 45-minute commute to Manchester’s scouse neighbour, this could also be a huge opportunity for a buy-to-let investment for a buyer based in Liverpool.
5 Plus’ vision is one that incorporates both an attractive live-in environment and something with a touch of that architectural ‘wow’. The location was a hugely positive feature while considering the scheme for the multi-award-winning architecture firm. A bold, daring design which combines effortless style with sophisticated minimalism; not only does this define the modernism of Salford Quays but also influences the architectural direction of the city in general. The 5 Plus ethos of ‘simple, elegant design’ using quality materials, including the use of heritage brick to maintain the relationship between old and new aptly demonstrates the sensitivity in completing this unique and exciting project.
Comprising a combination of one-bedroom properties, 211 two-beds and four three-bedroom flats over two towers of 18 and 15 storeys, not only is this the ultimate in northern-cool, there’s ground floor retail space with a communal podium garden and roof terrace, ideal for enjoying that stunning Mancunian sunset. Trust me, they do exist.
The Benefits of Being an All-Cash Property Investor
Mortgages, yawn. Let’s take a look at why YOU should be paying in cash:
- Cash-buying makes the entire process more efficient.
- Buying with cash eliminates the risk of loan denial.
- The long game: cash buyers pay less for their homes over an extended period. No loans = no interest.
- Cash buyers obtain complete and immediate equity on their home.
- Fewer market fluctuation worries. Regardless of what happens within the market, you’re always able to make decisions on your home.
Why invest in No.1 Trafford Wharf?
It’s an exciting time for this cutting-edge development, so let’s take a look at why now is the right time for you to make that investment.
- Property prices are rising with forecast of a 22.8% increase between 2019 and 2022.
- The population is swelling. By 2024 Manchester’s population is expected to rise by 37%.
- Rents are expected to increase by 17.6% by 2022 due to the influx of young professionals to the area.
- It’s not all about London, you know. Property sales and transaction speeds are three times that of London with an average selling time of just 36 days.
What makes buy-to-let such an attractive option for cash buyers is that you don’t need to worry about clearing enough to make mortgage payments. If the worst comes to the worst and you do unfortunately have to sell at a loss, you’ve probably saved enough from not paying a mortgage which should be enough to offset the loss. However, always get advice from a trusted advisor before making big financial decisions.
No.1 Trafford Wharf is an iconic space with peerless style, Both innovative and urban yet with impeccable respect to the heritage of the area, now is the perfect time to become a part of its present and to help shape the future of the area, contact us to find out more about this exciting opportunity.