Tick up/Rose Street20 Apr 2018 10:39
Nice tick up. Visited Rose Street development day before yesterday. Work progressing nicely on lovely homes. Very near A62 and M60 - ie brilliantly located for Manchester, Oldham and M62. The best bit is that it has its own tram stop - South Chadderton - so commuters can be at Victoria Station in twenty minutes on a return ticket of about £4.60 a day peak, £4 off peak on East-Didsbury to Rochdale line. Very easy to get to most of the conurbation and Manc attractions - like both footy grounds - on Metrolink tram network. Manchester council has plans for the land all along the the Irk Valley on that line too. Rose Street is very much a development for working people who do not have bank of mum and dad to call on for a deposit and need secure, family standard PRS with gardens and a healthy sense of community. Like the old days of council housing when you had many respectable tenants. Demand is strong. With continued population growth/supply shortage, little prospect of dramatic interest rate rises soon, pressure to build, local Labour and Tory govt backing plus foreign investment and a northern housing market that hasn’t gone bananas in the way London’s did and can still accommodate rising prices the wind is very much in our sails. Strategic land/PRS has been my only safe haven bar cash in the recent volatility because the fundamentals are so strong. Good work being done here. Adding on dips.