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If you are planning on buy-to-let investment, Fallowfield is an excellent choice. There is a huge concentration of student halls along Wilbraham Road, from small clusters like Ashburn Hall to the massive Owens Park and Oak House student village. Because of the massive student community, December marks the start of a huge rush for housing. First year students worry that they won't find somewhere to live, and as a result the three months between January and April become something of a frenzy in the letting market.
The residents are predominantly students, especially around Wilbraham Road, but there are some families scattered around too. There are some excellent schools in the area, including St James' CofE Primary and Manchester High School for Girls and Withington Girls' School, both of with have a 100% pass rate in GCSE and A-Level results. However, as you might expect, most of the amenities in the area are aimed at the student population. There are plenty of bars (some of which will only accept customers with NUS cards), takeaways do a roaring trade and there is a huge Sainsburys towards Withington as well.
Though the area is often noisy and very busy at weekends, there are definitely attractions for the professional market. Transport links are excellent, with ‘the busiest bus route in Europe' providing public transport every couple of minutes into town until the early hours. Events like XS Malarkey, a critically acclaimed stand-up night, and Trof's poetry evening Verborate, provide entertainment that goes beyond alcohol and chart music, and the excellent Kosmos restaurant draws diners from all over Manchester.
Though the majority of housing in the area is terraced, Fallowfield is flanked to one side by Platt Fields Park, which stretches down to Rusholme. This enormous green space hosts festivals and fairs periodically and the boating lake is popular during summer. A one-bedroom flat will cost you around £105,000 and a four-bedroom house comes to about £275,000.