Introduction to Developments in Manchester
Manchester, a vibrant and historically rich city in the United Kingdom, is currently undergoing a significant transformation marked by a wave of new developments in Manchester. The surge in construction projects reflects Manchester’s burgeoning status as a major economic hub, attracting businesses, investors, and residents alike. Key areas such as the Northern Quarter, Ancoats, and Salford Quays are witnessing an influx of modern residential complexes, commercial spaces, and cultural venues.
These new developments in Manchester are not just about expanding infrastructure but also enhancing the quality of life for residents. Green spaces, improved public transportation, and sustainable building practices are integral to the city’s redevelopment plans. The economic boom in Manchester is further fueled by its strong educational institutions, tourism, thriving tech sector, and vibrant cultural scene, making it an attractive destination for professionals and students. As Manchester evolves, these new developments ensure the city retains its unique character while embracing innovation and growth, positioning itself as a leading city for the future.
With a gross value added (GVA) of £74.85 billion to the UK economy, Greater Manchester stands as the largest regional economy outside of London. It produces more wealth than the combined output of Leeds, Sheffield, and Liverpool, and is projected to experience the highest sales price and rental growth of any UK city over the next five years.
Here are a few of the stunning developments that 365 Invest have to offer in Manchester:
Prestwich House, Leigh, Greater Manchester
Situated just beyond Manchester city centre in Greater Manchester, the quaint town of Leigh offers an ideal setting for commuters seeking a harmonious work-life balance. With new developments in Manchester driving growth in the area, residents of Leigh benefit from convenient proximity to the city centre, enjoying seamless access to urban amenities while also relishing the warmth of a close-knit local community right at their doorstep. In contrast to modern developments that often alter the essence of a town, Prestwich House seamlessly blends historic charm with contemporary living. Preserving the distinctive character of the former municipal college building, this meticulously restored complex comprises 27 boutique apartments, each offering a superior standard of living while honouring its rich heritage.
Nestled in the picturesque commuter town of Prestwich, Prestwich House is primed to excel in the enduring rental market. Its strategic location between Manchester City Centre, Warrington Town Centre, and Bolton Town Centre ensures a steady stream of returns on investment.
Prices for Prestwich House start at £111,386, with projected net yields ranging from 5.5% to 7.5% for long lets. The development offers 1, 2, and 3 bedroom apartments in a picturesque area, well-connected for commuters and featuring available parking. With a 999-year lease and a reservation fee of only £5,000, these apartments present an attractive investment opportunity. Additionally, a furniture pack is available to further enhance the living experience.
Boutique Style Apartments
This stunning boutique-style complex is part of recent developments in Manchester, offering 41 light and airy 1 and 2-bedroom homes. Each unit features a contemporary open-plan design, complete with white goods and superior fixtures. Many apartments boast balconies, while the complex includes amenities like a beautiful communal roof garden terrace, a cycle store, and a post room, showcasing meticulous attention to detail.
Prices for these premium residences in Manchester start at £247,950, promising up to 5.5% rental return. Securing one requires a small £5,000 reservation fee. They come with a 999-year lease guaranteed and completion set for Q4 2024. These homes offer superior quality finishes and amenities like a rooftop terrace located in a sought-after area benefiting from ongoing developments in Manchester. The high rental demand and on-site cycle store further enhance the appeal, catering to both lifestyle preferences and investment potential.
Located in Manchester’s desirable Northern Quarter, these boutique-style apartments are conveniently close to numerous shops, bars, and restaurants. The city anticipates a significant influx of 100,000 new residents by 2025, necessitating the development of 36,000 new homes over the next decade to accommodate this growth. With Manchester boasting the fastest-growing economy outside of London, investing here offers unparalleled opportunities in a thriving urban environment.
Willow Court, Salford
Nestled along the verdant Ford Lane, amidst open parks and the River Irwell, stands Willow Court—a contemporary eight-story development featuring 119 high-specification apartments. Ideally situated between Manchester city centre and MediaCityUK, Willow Court is designed to cater to the growing demand in this vibrant area of Greater Manchester.
Prices start at £149,000, with yields of up to 9% achievable for studios and one, two, and three-bedroom apartments. Located in a key regeneration area with high rental demand, the development offers parking, and a 999-year lease and is crafted by experienced developers. With a £5,000 reservation fee, these apartments are perfect for young professionals.
W Residences in Manchester
W Manchester, innovative regionally branded residences in the UK, will integrate luxurious private apartments served by the prestigious W Hotel. Created by Bowler James Brindley, known for designs such as W Sydney, Bishops Avenue, and One Crowne Place in London, this project includes 217 meticulously selected residences spanning from the 17th to the 43rd floor. Numerous apartments feature private balconies offering breathtaking vistas of Manchester’s iconic landmarks.
The W Residences are an integral component of St Michael’s Development, setting new benchmarks in quality and lifestyle by harmoniously integrating innovative workspaces with vibrant living spaces. This iconic project embodies the city’s forward-thinking ethos, featuring a prestigious 5-star W hotel, 186,000 sq ft of sustainable office space, a bustling public square, and exceptional dining options. St Michael’s establishes a prominent focal point and pedestrian thoroughfare that enriches the urban fabric of the city centre.
Experience the pinnacle of urban living with our exclusive 2-bedroom apartments in Manchester, where luxury meets practicality. Located in a prime regeneration area, these residences boast superior quality finishes and contemporary style, complete with Poggenpohl designer kitchens and access to 5-star hotel amenities. Enjoy peace of mind with a dedicated concierge team and the potential for up to 6% NET return on investment. With prices starting from £723,600, seize the opportunity to invest in the forefront of developments in Manchester’s premium rental market.
City Gardens
City Gardens offers a modern collection of 109 residences, featuring 1 to 3-bedroom apartments and duplexes nestled in the lively heart of Castlefield, Greater Manchester. These homes boast striking gallery bedrooms and expansive windows, providing open and contemporary living spaces. Inspired by the allure of New York living, the unique design presents a compelling array of residences. The exterior design pays homage to the grand mills and warehouses of the neighbourhood, reflecting its conservation status.
Starting at £259,950, these two-bedroom apartments offer up to a 7% NET yield in a high-rent area with excellent connectivity. The completed build features a superior finish and includes parking, all under a 999-year lease. A reservation fee of £5,000 secures these desirable properties.
The Waterhouse Gardens
This development comprises 556 high-spec residential units spread across five towers, complemented by extensive amenities and lush landscaping. It stands as one of the city’s largest and most impressive regeneration projects. An innovative feature of this development is a new public avenue that includes 30,000 sq. ft of commercial space, hosting a variety of shops, bars, restaurants, and offices. This transformation will turn the area into a dynamic lifestyle destination for all to enjoy.
Waterhouse Gardens serves as a gateway, strategically located just a short distance from central Manchester. It connects the thriving Greengate and N.O.M.A neighbourhoods with the historic Medieval Quarter.
Conclusion
In conclusion, developments in Manchester present a compelling case for investment in one of the UK’s most dynamic cities. With a wide array of ongoing projects spanning residential, commercial, and infrastructure sectors, Manchester offers diverse opportunities for investors. The city’s booming tech industry, coupled with its renowned universities attracting a steady stream of talent, ensures sustained demand across various sectors. Strategic urban planning initiatives further enhance Manchester’s appeal, promising long-term growth and stability. Thus, investing in Manchester not only taps into current opportunities but also positions investors to capitalise on the city’s ongoing development trajectory, making it a wise choice in the competitive landscape of UK investments.
* Current available developments last updated October 2024.
