Currently Empty: £0.00
X1 Manchester waters manchester
- 0 sq m
- N/A rooms
- N/A bedrooms
- N/A bathrooms
For Sale
GBP 219,995
Starting Price
Starting Price
X1 Manchester Waters is a residential development located close to the centre of the UK’s ‘second city’ of Manchester. The development is already proving to be the perfect retreat, overlooking the tranquil waterfront whilst being near Manchester’s vibrant city centre, offering tenants the best of both worlds.
X1 Manchester Waters consists of 1, 2 and 3 bedroom luxury apartments with water views.
This outstanding development is comprised of five phases and a total of more than 500 apartments, which will be furnished to the highest standard. The first tower is now complete and tenanted, with Tower B now approaching a watertight state.
Ranging from spacious studios to high-end three bedroom units, most apartments will benefit from the spectacular view across the waterfront towards the nearby quays or over towards the city centre.
The five towers overlook Manchester city centre and the nearby Salford Quays, with apartments offering stunning views across the adjacent Manchester Ship Canal towards the UK’s second city and beyond. This development is perfectly situated to serve the bustling city centre as well as Peel L&P’s thriving MediaCityUK complex, attracting those working in the creative and professional sectors. X1 Manchester Waters will benefit from an on-site gym and cinema room.
LIMITED AVAILABILITY IN X1 MANCHESTER WATERS BLOCK D
Expected completion date of Quarter 4 2024.
Prices:
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1 bedroom apartments from £219,995.
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2 bedroom apartments from £234,995.
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3 bedroom apartments from £369,995.
X1 Manchester Waters Incentives:
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5 year rental guarantee at 6%.
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No service charge, no ground rent and no management fees for 5 years.
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Free furniture pack (worth £2995 for 1 bed, £3995 for 2 beds and £4995 for 3 beds).
X1 Manchester Waters Payment Terms:
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£5,000 to reserve.
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25% of the purchase price (less reservation deposit) are payable within 21 days on exchange of contract.
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10% of the purchase price are payable 6 months after exchange of contract.
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Remaining balance payable on completion.
Location:
Walking distance from X1 Manchester Waters to:
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White City Retail Park – 10 minutes.
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Manchester United – 12 minutes.
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The Lowry Mall / Theatre – 20 minutes.
Metrolink distance from X1 Manchester Waters to:
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Deansgate-Castlefield – 7 minutes.
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Piccadilly Station – 15 minutes.
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The Trafford Centre – 16 minutes.
Driving distance from X1 Manchester Waters to:
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The Trafford Centre – 10 minutes.
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Manchester Airport – 15 minutes.
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Liverpool 45 minutes.
Manchester Waters is the regeneration of the 26 acres of dockland on Pomona Island, one of the last remaining large-scale regeneration opportunities available this close to Manchester city centre. The site has magnificent waterfront views over the Manchester Ship Canal, which will become a stunning backdrop to the new development.
The development of Manchester Waters and the adjacent Cornbrook Hub will create a new destination, offering the highest-quality urban living conditions in one of the UK’s most exciting cities.
Pomona Island is the gateway to the city of Manchester, and this development is sure to be extremely popular with residents looking for high quality rental accommodation in a location which is close to the city centre but remains a tranquil retreat.
Manchester – the heart of the Northern Powerhouse:
In a cluster of cities that includes Leeds, Liverpool, Sheffield and Newcastle, Manchester is at the heart of the Northern Powerhouse initiative – a collection of Cities which together form an economy of over £350 billion.
The Northern Powerhouse plays home to some 10.7 million people, 25% of who live in the Manchester City Region.
As one of the North Wests forward thinkers, Manchester is leading the way in economic growth when it comes to investing in skills, transport, culture and ultimately unlocking its huge economic potential.
Between 2015 and 2020, the government pledged to spend over £13billion improving northern transport and infrastructure.
On 24th March 2020, The Trafford Park Line Tram extension opened seven months ahead of schedule. The £350million Metrolink extension, which has added an additional 3.4 miles covered opens up Manchester even further for residents.
The Government initiative does not just stop at infrastructural improvements – it focuses on the creation of a highly skilled and improved workforce, which is vital for any economy. It concentrates on Cities, regions and smaller towns and their own economic growth in order to contribute directly to the growth of the North.
Since it’s introduction in 2014, the economy grew by 10.7% – which is marginally higher than the rest of the UK and employment in the North grew by 6.9% (National Average in the same period was 6.2%).
With more business moving to Manchester, it is expected that the City will see around 3100 jobs created year on year until 2034.
A leading buy–to-let destination:
With the population continuing its upward growth, Manchester City Council has predicted that the population will exceed three million by 2030 – with Manchester’s population in particular to top half a million.
Further insights from Manchester City Council demonstrate that the city centre is experiencing population growth 15 times faster than the rate at which new homes are being built.
Research from Savills has shown that although there are 7000 new homes in the pipeline for Manchester over the next two years, to meet housing needs, a further 11,254 would need to be delivered per year to keep up with demand.
Residential property values in Manchester have risen 5.1% year on year in the last 12 months according to the latest data from Zoopla and Hometrack confirms that Manchester remains the fastest growing City. By 2022, it is predicted that house prices will grow by 15.3% and rents will rise by 13.6%.
Research from Knight Frank has confirmed the above through its indication that rental income looks to continue its growth with an overall rise of 14% by 2022.
The same research continues with its predictions with regards to the private rented sector announcing that 25% of all households in the UK will rent privately by the end of 2021.
Capital Growth for residential property in Manchester:
Manchester outpaces all other UK Cities when it comes to economic growth.
The density of Manchester’s population is 11, 449 per square mile – making it one of the fastest growing cities in the UK.
By 2035, it is predicted there will be a population of some 3,028,104 residents.
Research from leading property portal Zoopla has underlined that between 2018 and 2019 residential property values have risen 5.1% and Manchester remains the fastest growing city, outpacing all other cities in the UK.
With this research, it is possible to predict capital growth over the next ten years should the increase stay the same or with marginal fluctuations.
Rental Growth Projections:
Across the industry, a typical rent increase sits between 3-5% annually and this would be at the end of the fixed term tenancy.
At X1, rents are set in line with the current market rate achievable and increase accordingly.
At X1, the aim is to increase rents 5% year on year in order to maximise income for Landlords.
Manchester Population & Employment:
At present, the population of Manchester continues to grow nearly 15 times faster than properties are being built. In short, population growth is outpacing supply.
Between 2015 and 2016, only 290 homes were built in Manchester City Centre, meaning that Manchester’s housing grew by just 0.13% in the same period of time. In the period prior, the citys population increased by more than 10,000.
Research from Savills has shown that although there are 7000 new homes in the pipeline for Manchester over the next two years, a further 11, 254 would need to be delivered per year in order to meet demand.
Furthermore, research has shown that between 1996 and 2016, some 85,000 jobs were created, with an additional 65,000 expected by 2036.
In Q4 2019, Huawei – one of the leading global providers of ICT – selected MediaCity as it’s new office location , a move which is considered a major boost to the Northern Powerhouse Tech Economy.
The DigitalTech Industry alone turned over £4.98 billion in 2018 and Manchester holds the largest number of workers in this sector second only to London, with MediaCity UK alreading securing its position as the leading creative and technological hub in the UK.
Location
X1 Lettings, Unit 1, Tower A, Michigan Point, 9 Michigan Ave, Salford M50 2HA, United Kingdom
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