Apartment, Student Accommodation Investments
This high specification nine-story building complemented with private balconies and a roof terrace that consist of 86 stunning waterside apartments which will benefit from impressive city or water views. This developer will offer a range of one, two and three-bedroom apartments but also two-bedroom duplexes along with two and three-bedroom penthouses all specifically designed to the highest standard to provide residents with the perfect luxury waterside living.
This development offers a range of on-site amenities, gymnasium and communal lounges that provide adaptable contemporary space, be it for watching movies, gaming or social gatherings. Landscaped rooftop gardens allow residents to relax overlooking the river and enjoy their own private outside space away from the bustle of modern city life.
Located on the banks of the River Irwell, The Waterhouse is a new build, off-plan residential development in the heart of Greater Manchester, Salford. An excellent range of local shops, bars and restaurants can be found within walking distance or easy bike ride with on-site cycle storage provided. This development is situated in the middle of Media CityUK and the city centre having everything walking distance away, walk to Deansgate/Spinningfields in around 20 minutes or cross the River and catch the Metrolink Tram and be there in half the time. The Metrolink is undergoing a huge £170m investment to extend the tram service to other parts of Greater Manchester, furthermore, they’re adding more trams to keep up with the ever-growing population and demand.
THE INVESTMENT:
Manchester itself is a buy-to-let hotspot with international recognition as huge numbers of young people flock to the city, pushing up property prices and increasing demand for luxury apartments. Manchester has great rail connections, with three major train stations in the city centre and London is just two hours away. The new £40bn High-Speed Railway, HS2, will ensure great connections to the capital and halve the journey time. Over the past 5 years, Manchester has dramatically changed, billions of pounds of investments and regeneration happening all over the city and this has caused property prices and rental prices to increase. In the last 5 years, Manchester property prices have increased year on year with a grand total of 25.8%. Investors still have a great chance to still take advantage of the capital growth with a forecast of a further 26.4% from now until 2023!
The city centre is expanding outward to accommodate demand from new residents and businesses absorbing new neighbourhoods such as Ancoats and New Islington. The main reason for the major City centre growth is from young professionals who are wanting to stay and enjoy the city centre lifestyle. Many of these young professionals are the 100,000 students that attend the cities Universities, they graduate and continue their career in this vibrant city. Greater Manchester’s population will grow by 121,000 people by 2027, which represents a growth of 4.3% over ten years. A backlog from several years of housing undersupply has meant demand has consistently exceeded supply leading to strong price and rental growth. The Manchester rental market is very strong with an expected increase of 4.2% every year for the next 5 years.
Manchester’s economy is very strong and keeps growing and growing with more companies starting up and moving into the city. There are lots of major regeneration projects and investments to keep pushing the prices and economy even further. Just to name a few are the one we’ve all heard about is the £40bn HS2 train line, that will connect London to the Midlands and to Manchester with a travel time of just over 1 hour. We have the Manchester airport extension which is a £1bn project by the Beijing construction groups that will create thousands of further jobs. We also have the Manchester £1.5bn Etihad life campus. Last but certainly not least Phase two of the MediaCity UK which is home to BBC and ITV. This was completed in 2010 by the Peel group and was totally transformed this part of Manchester and has had billions of pounds invested in this area. As part of its second phase development, MediaCityUK is set to see rapid expansion through the construction of a range of new residential, commercial and leisure developments scheduled for 2018. Set to sit alongside the existing world-class office and studio facilities, phase II of the MediaCityUK development aims to provide more residential opportunities and satiate the growing demand for high-quality residential properties in the area.
Manchester Luxury Waterside Living from only £175,690 - Manchester, UK
