|Rental Yield:||Projected 6% NET Yields|
|Number of units:||190|
X1 Manchester Waters is a residential development located close to the centre of the UK’s ‘second city’ of Manchester. The development is set to be the perfect retreat, overlooking the tranquil waterfront whilst being near Manchester’s vibrant city centre, offering tenants the best of both worlds.
This outstanding development is comprised of five phases and a total of more than 500 apartments, which will be furnished to the highest standard. Ranging from spacious studios to high-end threebeds, most apartments will benefit from the spectacular view of the waterfront.
With two Metrolink stops located within a 5-minute walk, residents are able to reach Manchester’s city centre with ease, and enjoy everything ‘the Capital of the North’ has to offer. Additionally, residents are also just a short journey away from major tourist destinations like Manchester United’s Old Trafford, intu Trafford Centre and MediaCityUK.
Developed by award-winning developer X1, X1 Manchester Waters is a great long-term investment, as Manchester is one of UK’s strongest regional economies and is forecast to grow faster than any other Northern city.
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.
Over the years, X1 have won many awards for the quality, design, delivery and management of our developments. Our vision is to continue to raise our standards higher still. X1 Vision 2025 means that when you buy a home from X1 you can be safe in the knowledge that it is built to a very high standard of design and quality, will have low running costs and low environmental impact, and importantly, you will enjoy the benefits of our exceptional customer service and long term management.
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.
Investment in Pomona Island recently attracted the attention of Prime Minister Boris Johnson who visited the site during his first trip to the city since taking up office.
X1 Manchester Waters will exist alongside other “modern multi-tenure developments”, built in accordance with Peel’s masterplan for the area.
Peel are delighted to be working with X1 Developments, who have purchased a number of sites owned by the Peel Group in Salford Quays and Great Ancoats, Manchester, to develop high-quality ‘City Living’ apartmentsJames Whittaker , Global Development Director - Peel Group
KEY MARKET STATISTICS
UK’s third largest city with over 510,000 people
in GDP, third largest in the UK
Students in the city, as well as a graduate
visitors in 2017, 10% increase year on year
Increase in demand for lettings in 2020
increase in rental yields in 2017
of private lets, one of the highest in the UK
between London and Manchester with HS2 in 2032
Increase in property sales since May 2020
house prices Increased in the North West of England (2020)
UK house prices have increased over the past 12 month (2020)
new homes needed by 2035