Salford’s trendy village of Monton has found itself picking up many a nickname of late, often referred to as ‘The New Didsbury’ and more recently even ‘Monton Carlo’. Whilst the latter may be a bit of a stretch for the time being, Monton is evolving into a really sought after area.
Property in Monton is in high demand and with available homes usually sold within a few weeks of coming to market: The area around Monton road, which runs through the village centre, is particularly sought after.
An influx of food and drink venues has seen the gradual progression of the area increase. Local business owners have refreshed the outer appearance of their shops, bars and restaurants to keep up with the rapidly growing scene. A move that has had a knock-on effect, inspiring the whole area to smarten up it’s appearance.
Monton offers the perfect step up for professionals in search of something a little quieter and family orientated, without sacrificing too much of the character of central Manchester. In addition, Monton’s close proximity to Salford Royal Hospital, MediaCity and The Trafford Centre ensures a continuous source of tenants for rental properties.
An example of the sky-high demand and impressive investment potential can be seen in a property we acquired in 2016. Having purchased the two-bedroom apartment on Corbel Way for £107,000 just two years ago, the property is now valued in the region of £150,000. That is a rise of of over £40,000 in value without even considering the rental income generated over the two-year spell.
The potential for this area is exponential, with fantastic transport links into the City Centre and MediaCity, the location is ideal for anyone working in and around Manchester. Trams, trains, planes, and buses are all accessible locally so there really is no limitation to the prospective growth.
Managing Director David Thorpe said: “Monton is one of the most up-and-coming areas in Manchester and Salford. It has everything going for it, great transport links, a thriving high street packed with independent shops, bars and restaurants and situated just 4 miles from Manchester city centre.”
