MEMBERS 
| Starting price: | £236,500 |
|---|---|
| Rental Yield: | 5% Yields |
| Number of units: | 634 |
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Set in between the greenery of the City River Park and the hustle and bustle of the city centre, this landmark development is home to over 634 new apartments and townhouses in Manchester’s emerging Red Bank neighbourhood.
Victoria Riverside marks the start of the creation of the City River Park. At approximately 46 ha, it will become one of Manchester's largest city-centre green spaces. City River Park will enhance existing habitats and create new habitats for wildlife and be guided by climate-positive design to create results which as carbon neutral as possible. Red Bank and New Town will provide the first phase of the City River Park. Over 35,000 sqm of new and improved parkland including St Catherine’s Wood and the River Irk will be delivered in this first phase with HIF investment made by 2024 in line with the expected completion of the Victoria Riverside scheme.
Victoria Riverside marks the first phase of Victoria North (previously Manchester’s Northern Gateway), the biggest renewal project Manchester’s ever seen.
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Salford Quays,Manchester
KEY MARKET STATISTICS
City
510,000
UK’s third largest city with over 510,000 people
£59 billion
in GDP, third largest in the UK
99,000
Students in the city, as well as a graduate
61 million
visitors in 2017, 10% increase year on year
Rental Yields
22%
Increase in demand for lettings in 2020
3.2%
increase in rental yields in 2017
26%
of private lets, one of the highest in the UK
1hr 5mins
between London and Manchester with HS2 in 2032
Sales
137%
Increase in property sales since May 2020
5%
house prices Increased in the North West of England (2020)
6.5%
UK house prices have increased over the past 12 month (2020)
227,200
new homes needed by 2035
