# Investing in property for their children’s future: BOMAD still choose bricks & mortar   Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-10-23 Category: LIFESTYLE Category URL: https://financedigest.com/category/lifestyle Meta Title: Parents Investing in Property for Children in Manchester Meta Description: Discover how parents are choosing property over banks and stocks for their children's future, with Manchester set to deliver lucrative returns by 2021. URL: https://financedigest.com/investing-in-property-for-their-childrens-future-bomad-still-choose-bricks-mortarhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd211017-4-1736843356866-compressed.jpg) - **Surrenden Invest reports rising number of parents purchasing property for their children** - **House prices forecast to grow by 28.2% in Manchester by 2021 (Hometrack)** - **Darren Booney purchased three waterside apartments in Stretford for his children and is hoping for a 6-7% return (Surrenden Invest)** Surrenden Invest has witnessed a growing number of parents [investing in bricks and mortar for their children’s future](https://www.financedigest.com/classic-car-insurance-broker-launches-future-classic-investment-guide.html "Classic car insurance broker launches Future Classic investment guide") over the past 12 months. ![Investing in property for their children's future: BOMAD still choose bricks & mortar  2](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2-3-282x300-1736843356792-compressed.jpg) Shunning historically low bank interest rates and volatile [stocks](https://www.financedigest.com/mutual-funds-vs-stocks-which-is-better.html "stocks") and shares, the bank of Mum and Dad (BOMAD) is acting now to invest in property for their children’s future which, when the right location and unit type is chosen, can still deliver market busting returns. And when it comes to location, as the capital continues its decline, the property-hungry BOMAD is turning to secondary cities such as Manchester. Growing faster than any other city in the UK, it is predicted that [house prices](https://www.financedigest.com/uk-house-prices-show-unexpected-strength-in-october-nationwide.html "UK house prices show unexpected strength in October: Nationwide") in Manchester will rise by an impressive 28.2% by 2021 according to Hometrack, making the city an attractive bet for cash-rich parents looking to invest. **_“Here at Surrenden Invest, we have seen more and more parents investing in property for their children over the past 12 months. Whether it’ll be their first home after school or university or an asset which can be sold for a profit to enable them to get onto the property ladder themselves, bricks and mortar seem to be one the number one investment choice for parents today.”_** **_“In terms of locations, the northern cities, especially Manchester, are the most enquired about mainly due to the superb value for money and market-busting returns available.”_** ![Jonathan Stephens](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/jonathan-stephens-279x300-1736843356808-compressed.jpg) Jonathan Stephens **Jonathan Stephens, MD** [**Surrenden Invest**](http://r20.rs6.net/tn.jsp?f=0010ZBX3A9wau87-8mlWWqE3yZm77XfVjPkHfiu8xXhUl6Og2vXN-JIw7crm5xQZq0NyiiKUK5-8S90sHmsOVSh-GU2zeW1Ei-TzAa85qpDb0-DHOy5XfQRcyOwJ5MEn8k5pCjZEnRSQ4KdRQZDlXQZoqQWgb1aAPSu9WRgIuWNZcdqQC4SZ1Hj-w==&c=hxAcHfxLJCeJyvz4WtFt5P0C_dbPy2lXIDEOlpp6TkVuQvhsmjJKwg==&ch=2kJBOZN_I-PM_ZiEL7sGtm4ptk_Ya4sqQcetSIoRyvVk07CVz4kzcg==) Indeed, the outlook for Manchester remains bright for those looking to make a medium to [long-term investment](https://www.financedigest.com/how-to-invest-in-gold-and-other-precious-metals-for-long-term-profit.html "How to invest in gold and other precious metals for long-term profit"). [Growth from a range of sectors such as media and technology is estimated to create around](https://www.financedigest.com/uks-kwarteng-mini-budget-was-essential-in-resetting-debate-around-growth.html "UK’s Kwarteng: Mini budget was essential in resetting debate around growth") 4,000 jobs in the Manchester region over the next 10 years, with demand for and thus the price of housing also rising in line with this progression. And with one of the highest population densities outside the capital, living space within Manchester is already at a premium forcing [investors to seek](https://www.financedigest.com/anti-static-foam-packaging-market-booming-segments-investors-seeking-growth-2030.html "Anti-static Foam Packaging Market Booming Segments; Investors Seeking Growth 2030") alternative areas of the city within which to purchase for maximum returns. This is just what expatriate **Darren Bonney**, chose to do when purchasing three units at [Royal Canal Works](http://r20.rs6.net/tn.jsp?f=0010ZBX3A9wau87-8mlWWqE3yZm77XfVjPkHfiu8xXhUl6Og2vXN-JIwyPwyE2E-OMpFscfyL4hyulqJTT87GBFx1dfjkLpjA5vdBXASHpyF2Z3XdQhFKb2Rsm4aH9EmvelgdDWjEpD3dXSRJ3KiaqJvoOvh6DQiOx2lUcCRCB3sLSy241ppCURSckSktiuZo0LJPd8oBUw06hwcKiONl6M861uMIlS8Pe3CqNHgFZ--FiXLbmMBj6HblruDaysrJ9R0EWzrV-dWpuPAIthoeRJeI7CXO2tVOGZ&c=hxAcHfxLJCeJyvz4WtFt5P0C_dbPy2lXIDEOlpp6TkVuQvhsmjJKwg==&ch=2kJBOZN_I-PM_ZiEL7sGtm4ptk_Ya4sqQcetSIoRyvVk07CVz4kzcg==) in Stretford, a town in Trafford, south-west of Manchester, through Surrenden Invest. Darren was attracted to the new [development as he was aware of Stretford being on the up due to the recent](https://www.financedigest.com/most-recent-development-report-on-centrifugal-chiller-market-to-witness-exponential-rise-in-revenue-share-during-the-forecast-period-2021-2031.html "Most Recent Development Report On Centrifugal Chiller Market To Witness Exponential Rise In Revenue Share During The Forecast Period (2021-2031)") redevelopment including the new tram route into Manchester city centre as well as the apartments offering returns of 6-7%. Adding to his existing property portfolio, Darren purchased these three properties for his three children, who will either [live in the waterside development or rent](https://www.financedigest.com/redefining-renting-tipi-launches-the-best-way-to-live-in-london.html "REDEFINING RENTING: TIPI LAUNCHES ‘THE BEST WAY TO LIVE IN LONDON’") the units out to their peers. He views his purchases as a long-term [investment with capital growth and rental income](https://www.financedigest.com/investing-in-real-estate-how-to-generate-passive-income.html "Investing in Real Estate: How to generate passive income") propping up his pension. **_“I found the investment process with Surrenden_** **Invest straightforward with a friendly, professional service and would use their services again in the future. My top tip for other BOMAD investors? Pick a growth area but do this sooner than later to relish in the rewards!”** ![Darren Bonney](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/darren-bonney-1736843356801-compressed.jpg) Darren Bonney **Darren Bonney, property** [investor & client of Surrenden Invest](https://www.financedigest.com/why-are-investors-checking-out-of-uk-buy-to-let-and-checking-in-to-hotel-investment.html "WHY ARE INVESTORS CHECKING OUT OF UK BUY-TO-LET AND CHECKING IN TO HOTEL INVESTMENT?") Units at [Royal Canal Works](http://r20.rs6.net/tn.jsp?f=0010ZBX3A9wau87-8mlWWqE3yZm77XfVjPkHfiu8xXhUl6Og2vXN-JIwyPwyE2E-OMpFscfyL4hyulqJTT87GBFx1dfjkLpjA5vdBXASHpyF2Z3XdQhFKb2Rsm4aH9EmvelgdDWjEpD3dXSRJ3KiaqJvoOvh6DQiOx2lUcCRCB3sLSy241ppCURSckSktiuZo0LJPd8oBUw06hwcKiONl6M861uMIlS8Pe3CqNHgFZ--FiXLbmMBj6HblruDaysrJ9R0EWzrV-dWpuPAIthoeRJeI7CXO2tVOGZ&c=hxAcHfxLJCeJyvz4WtFt5P0C_dbPy2lXIDEOlpp6TkVuQvhsmjJKwg==&ch=2kJBOZN_I-PM_ZiEL7sGtm4ptk_Ya4sqQcetSIoRyvVk07CVz4kzcg==) are still available through leading investment agency Surrenden Invest. This brand-new canal side development is adjacent to the tranquil suburb of Choltorn – one of the most sought-after areas to live in southern Manchester. The development is a contemporary collection of 43 beautifully appointed one and two bedroom apartments with private terraces and waterfront views, Royal Canal Works offers architecturally landscaped gardens and a courtyard along with secure parking and CCTV. Being just 15 minutes from the city centre, Royal Canal Works boasts city standard [living but all of the perks of life](https://www.financedigest.com/how-to-live-an-extraordinary-life.html "How to Live an Extraordinary Life") in the suburbs. The apartments are [expected to be highly prized by families and young professionals who have been priced out of the city](https://www.financedigest.com/citi-expects-global-equities-to-rally-18-by-end-2023.html "Citi expects global equities to rally 18% by end-2023") centre but are not prepared to compromise their standard of accommodation. Apartments are available from just £105,000 with an attractive 6% NET yield. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---