Originally a joint tourist initiative between Salford and Trafford borough councils, MediaCityUK and Salford Quays now covers over 200 acres of prime waterfront real estate in the heart of Manchester. Designed as a new commercial hub for Manchester, MediaCity is now home to some of the UK's leading media brands including the BBC, ITV Granada and NEP Connect.
Today, increasing numbers of companies are looking to relocate to Mediacity, and as such demand for rental property in the area is now at an all-time high. For investors seeking to capitalise on the growing demand for high-standard rental accommodation in Manchester, MediacityUK, and the wider Salford Quays area present an excellent opportunity for long-term investment.
A piazza forms the focal point of MediaCity and there is also a beautifully landscaped park. The piazza plays host to a number of events and there is a large screen which can be viewed from the spot. A swing bridge links MediaCityto Trafford Wharf and completes a circular walk that takes in The Lowry and the Imperial War Museum North.
As the BBC hosts many of its flagship shows in MediaCity, there is the opportunity to join a special tour allowing you to see some of the highlights of BBC productions.
The nature of the area creates a buzzing atmosphere where there is always something going on. From cultural and sporting attractions to cinemas, beauty salons and retail outlets, MediaCity is always a hub of activity.
With such a bustling atmosphere it is not difficult to find somewhere to eat and drink in and around MediaCity. Whether you are looking for a quick bite or a fine dining experience, MediaCity has the answer. The Nutri Bar specialises in health food, whilst Pier 8 offers fine dining and The Alchemist provides the infamous science based cocktails.
In addition to the restaurants in the area, there are also a variety of exciting street food vendors featuring artisan burgers, wood fired pizza and vegan food.
The Holiday Inn and Premier Inn are also located in the area and have bars and restaurants for drinks, snacks and meals, whilst there are also a number of coffee shops for the caffeine addicts.
| Date | Capital Growth | Change |
|---|---|---|
| May 2022 | £227,438 | 7.2% |
| May 2021 | £212,092 | 24.2% |
| May 2020 | £170,784 | 16.0% |
| May 2019 | £147,290 | -0.1% |
| May 2018 | £147,465 | -9.2% |
| May 2017 | £162,341 |
| Bedrooms | Rental Yields |
|---|---|
| 0 | N/A |
| 1 | 6.5% |
| 2 | 5.7% |
| 3 | N/A |
| 4 | N/A |
| 5 | N/A |
| Bedrooms | Flats | Terraced | Semi-Detached | Detched |
|---|---|---|---|---|
| 1 | N/A | N/A | N/A | N/A |
| 2 | £214,346 (13) | £349,400 (5) | N/A | N/A |
| 3 | £232,813 (4) | £331,998 (3) | N/A | N/A |
| 4 | £447,500 (1) | £432,500 (2) | N/A | £420,000 (1) |
| 5 | N/A | N/A | N/A | N/A |
| Bedrooms | Flats | Terraced | Semi-Detached | Detched |
|---|---|---|---|---|
| 1 | £899 (19) | N/A | N/A | £958 (11) |
| 2 | £1,157 (15) | N/A | £1,148 (1) | £1,080 (11) |
| 3 | £1,366 (3) | N/A | N/A | £1,772 (2) |
| 4 | N/A | N/A | N/A | N/A |
| 5 | N/A | N/A | N/A | N/A |
Property statistics provided by PropertyData.
