Development Description
Bakers Lane.
Address/Location
- Ground Up Land Development
- 3 Units available
- Type of Unit: 4 Bed Detached House
- Status: Due to commence
- Usage: Residential
- Estimated ROI: 63.64%
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3 Units of 4 Bed Detached Houses.
Why Invest in Macclesfield?
Manchester, known for its rapid expansion, continues to be one of the UK’s fastest-growing cities. Between the last two censuses, Manchester’s population grew by 9.7%, significantly outpacing the national average. This growth is expected to accelerate, with projections suggesting the city’s population will exceed 635,000 by 2040.
However, Manchester’s housing market is struggling to meet this rising demand. The city council estimates that at least 50,000 new homes will be needed by 2040 to accommodate the growing population, but current development plans fall short, projecting only 30,000 new homes in the same period. This shortfall, coupled with ongoing supply constraints, has driven property prices up by 7% over the past year alone.
Rental prices have also surged, with a 10.5% year-on-year increase as high demand from professionals, students, and young families continues to outstrip supply.
For investors seeking a dynamic market with strong growth potential, constrained supply, and increasing rental yields, Manchester stands out as an exceptional buy-to-let opportunity.