Investing in Wilmslow
The town of Wilmslow is situated within the prestigious Golden Triangle of Cheshire towns and villages. Along with Prestbury, Alderley Edge, Hale, Altrincham and Bowdon, properties in Wilmslow are highly sought after, and some of the highest priced in the UK, outside of London.
Other than being a favourite of footballers and celebrities, there are many other factors that make Wilmslow a prime property hotspot. The main factor is its ideal location, but the benefits of living in Wilmslow are numerous.
Wilmslow Transport Network
Wilmslow is situated just three miles from Manchester Airport, and ten miles south of Manchester city centre. This makes it an excellent location for commuters to the city, and for those working at the airport, which is currently undergoing massive regeneration, creating many new jobs.
Of course, Wilmslow’s closeness to Manchester Airport is also attractive to those who travel internationally for work and pleasure.
Transport will play a major role to anybody considering Wilmslow to set up home. Most commuters into the city rely on public transport, particularly rail services. Wilmslow railway station is situated 12 miles south of Manchester Piccadilly station, on the Crewe to Manchester line, as little as 15 minutes away.
Manchester airport, too, is just minutes away by train. Bus routes are well served for easy access to surrounding towns and villages, however there is little point taking the bus into the city when the rail service is so quick.
Its proximity to the vibrant city of Manchester is a major draw, but Wilmslow is also set within stunning English countryside, offering residents the best of both worlds: combined city and country life.
Countryside Living in Wilmslow
There are beautiful countryside walks to be enjoyed all along the River Bollin, running from the centre of Wilmslow itself to Twinnies Bridge. There’s the chance to wander through picturesque parkland, footpaths and woodland trails, home to a profusion of rare flora and fauna.
Wilmslow is also home to a wonderful Artisan Market, selling local and ethically-sourced produce. This runs on every third Saturday of the month in the heart of town.
Education in Wilmslow
Wilmslow is well-served in terms of schools, both at primary and secondary level. The private sector, in particular, thrives in the area, which is little surprise given the affluence of the area. Nonetheless, the state sector is extremely well catered for, with many schools gaining ‘Very Good’ or ‘Outstanding’ OFSTED reports.
For healthcare, there’s the Wilmslow Health Centre as the local GP practice, which also serves nearby Handforth, as well as Alderley Edge and Prestbury. Those looking for private medical treatment look to 52 Alderley Road, a modern private hospital right in the main road out of town.
Wilmslow Rental Market
Data gathered in July 2016 finds that a one-bedroom property in Wilmslow rents for an average of £929 a month, whilst two beds average £1,072.
Rental properties appeal strongly to the young professional market, those mainly between 26 and 34, often known as Generation Rent. These tenants look for high quality, contemporary apartments within walking distance of Wilmslow town proper, as well as that all-important railway station.
Who Buys In Wilmslow?
Other than the high end of the market, where houses sell for often in excess of £10,000,000, Wilmslow is also popular with young professionals and families. The most highly sought-after commodity in Wilmslow is the three bed semi, with many going for well over the asking price.
However, with increasing employment opportunities in Wilmslow, the town is now attracting a steady stream of young professionals, both single adults and couples, who are drawn to the town, not just for all the above reasons, but also to work with some of the town’s desirable employers.
For those from this demographic wishing to buy, the typical price for two bed apartments is generally around the £250,000 mark.
Employment in Wilmslow
Alderley Edge BioHub
One of the biggest employers currently emerging in Wilmslow is the BioHub at Alderley Park. The hub, created by the BioCity Group, exists to support the growth of successful life science companies. 86,000sq ft of state-of-the-art, world-class labs and commercial office space, filled with emerging pharmaceutical, biotech and life science companies is, of course, a major space for employment of professionals, not just from the sciences, but also office and support staff, Directors, and so on.
Handforth Dean Business Park and Retail Park
Adjacent to the A34 (Wilmslow Road), Handforth Dean is one of the newest office developments in South Manchester. Just across from the Business Park is the highly anticipated Handforth Dean Retail Park, which is on course to open its doors imminently. As well as providing leisure and shopping facilities that local residents are pretty excited about, the shopping centre will also, of course, create a swathe of new jobs.
Just off Church Street is the international games development studio, Cloud Imperium. Employing a range of professionals in different roles: animation, art, audio, design, engineering, marketing, production, QA, support and UI, it’s a very exciting place for young professionals to work.
Another gaming company, TT Games is situated in Emerson Court on the Alderley Road. Its titles are principally for younger gamers, and feature a lot of the Lego brand games. Again, there are many opportunities for digital artists, animators and programmers here at this high profile, BAFTA-winning company.
An award-winning IT recruitment specialist, Venturi is another high profile employer in Wilmslow, on both sides. Recruiting IT specialists to lucrative roles in the local area, as well as within its in-house staff, Venturi is another string to the Wilmslow employment opportunities bow.
As the influx of residents into Manchester and Cheshire continues to grow, as a result of vast regeneration across the Northern Powerhouse, we expect to see demand grow even higher across the region.
Whether you’re planning to invest in Wilmslow’s rental sector, or as a development project, it’s absolutely a seller’s market in Wilmslow right now. Having a property in the town is a pretty exciting investment at the moment: it’s a great time to invest in Wilmslow.