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From £170,000

No 1 Old Trafford

  • From £170,000
  • Gross Yield: 6%
  • In Construction
  • Est. Q2 2021
  • Lease Length: 250 Years

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  • Video

  • Investment Highlights

    • 24 hour concierge
    • A stones through from Old Trafford football ground
    • Gross yields of 6%
    • Riverside setting
    • Parking available
    • Next to the new Wharfside tram stop
    • High specification
    • Near to MediaCityUK
    • Rooftop gardens
    • In the heart of the £1 Billion Trafford Wharf regeneration project

    Amenities

    • Concierge
    • Roof Terrace
    • Lift
    • Communal Space
    • Retail Space
  • Property Description

    The Apartments

    A mix of apartment types with a range of layouts and aspects ensures appeal to a wide range of potential residents; designed for residents to share with equal bedrooms and bathrooms. As well as floor to ceiling windows to maximise natural light. No.1 Trafford Wharf is a modern development. Furthermore, it retains its residential appeal with a stunning riverside setting and spacious, green communal area.

    All apartments have floor to ceiling windows maximising natural light. Furthermore, external metal doors with powder coated bronze metallic finish and external bollards with integrated lighting and wall mounted fixtures is ideal for modern living. Bathrooms will have quality ceramic tiles and quality tiled floors while bedrooms will have strip wood effect flooring.

    The Specification

    Reception and Concierge

    • Large glazed communal entrance
    • Tram Station located close to entrance
    • Concierge area and residential lounge area

    Podium and Amenities

    • Large full length podium with tranquil open gardens with water views for the use of all residents
    • Large secure residents cycle store
    • Significant availability of car parking amenity
    • Residents lounge area below the podium with partially glazed ceiling to allow natural light to flood in

    Amenity Space

    • Two commercial units with planning being obtained for a range of uses to provide a flexible end use
    • Common areas maximised for residential amenity.

    Rooms

    • All rooms have floor to ceiling windows maximising natural light
    • Light modern decor giving a sense of light
    • External metal doors with powder bronze metallic finish
    • External bollards with integrated lighting and wall mounted fixtures.

    Bedrooms

    • Ceiling mounted down lighters
    • Strip wood effect flooring

    Bathroom/En-suite

    • Steel enamelled bath and shower with glass shower screen
    • Quality ceramic tiles
    • Quality tiled floors
    • High quality sanitary ware
    • Heated towel rails
    • Shaver point in all units

    Kitchen and Living rooms

    • Large open plan kitchen/living rooms
    • High gloss kitchen units
    • Glass splashback
    • Soft close cupboards
    • Integrated appliances; fridge/freezer/dishwasher/microwave/hob/oven

    Reliable Developer

    Cole Waterhouse with a well-established track record of originating deals, securing finance, achieving complex planning consents and managing projects to completion. Committed to delivering cost-efficient projects while using quality design that enhances the surrounding environment and community.

    Location

    Furthermore, the development is ideally situated with close connections to Manchester’s key leisure and employment hubs; No.1 Old Trafford will be next to the upcoming Wharfside tram stop. Therefore providing fast and reliable access to the city and all of Manchester’s major shopping, lifestyle and entertainment districts.

    Reasons To Invest In No 1 Old Trafford

    This development is a prime investment opportunity for a few reasons:

    The Trafford Park Metro Line

    The £350m Metro upgrade is due for completion in 2020 and the line has been extended so that there is a stop just outside the development. This will have a huge impact on connectivity and offers sustainable transport links to some of Greater Manchester’s busiest visitor destinations and largest employers.

    The £1 billion Trafford Waters regeneration project

    Expected to create 5,000 jobs and bring 3,000 new homes, local amenities, over 100,000 sqft of commercial space and a new primary school to Trafford.

    A short commute from The Trafford Centre

    The shopping centre attracts more than 35 million visitors annually and has more than 8,000 people working there on a daily basis

    Booming Property Market

    Since 2015, house prices in Manchester have increased by 32.5% and are set to grow by another 22.8% by 2022. Average rental yields in Manchester are currently reaching as high as nearly 8% in the M14 and M11 postcodes.

    Manchester has undergone 7% population growth during the previous decade, reaching over 2.7 million in 2019. Manchester’s population is expected to increase consistently over the next few years, reaching more than 3 million by 2035. This has led to high demand for housing in a city without enough supply.

    Manchester's Student Community

    With around 100,000 students in the city, Greater Manchester is home to one of the largest students communities in Europe. Students flock to Manchester from all over the globe, with international students from almost every country on Earth living here.

    Additionally, Manchester has a fantastic graduate retention rate. Over half of all higher education leavers decide to stay in the city, creating great opportunities for buy-to-let investors interested in renting to young professionals.

    Manchester Economy

    Europe’s second-largest cluster of creative/ media businesses
    Home to the £28.5 million Cancer Research Centre – one of the UK’s most innovative medical research facilities
    A world renowned education sector, with a 105,000 student population as well as a graduate retention rate of 51%
    Oxford University economists predict that job growth in the city will exceed many international capitals including Paris, Berlin and Tokyo.
    Many UK businesses are ‘Northshoring’ to Manchester. This is expected to create 55,000 new jobs by 2025, and also add £19 billion Total Gross Value to the economy and increase residents’ disposable income by 28%.

    Connectivity

    Manchester is improving its global, national and inter-city connection
    The Manchester Airport Transformation Programme will expand the airport and plans to accommodate 10 million more passengers by 2025
    The arrival of the new High Speed Rail 2 (HS2) network in 2033 will reduce the travel time from Manchester to London to just 1 hour 8 minutes (previously 2 hours 8 minutes)
    The city’s Metrolink network is being upgraded, with works already commenced on the new GBP350million, 6-stop metro line that will connect Trafford to the rest of the city

    Lack Of Supply

    Manchester City Centre's population grew approximately 10% from 2014 to 2017 and is projected to grow 37% between 2018 to 2024
    Pickup in construction last year still fell short of the target by 716 homes

    Increasing Demand

    1,784 residential units were completed in 2017, which is the third consecutive year of sustained growth
    Manchester’s core urban area grew on average seven times faster than other comparative areas in the UK’s major cities
    The city’s economy is bigger than Wales and Northern Ireland
    20% population growth over the last decade
    6.7% projected population growth by 2025 to 2.9 million people
    ONS forecasts an average growth of 9,525 households in Greater Manchester from 2018 to 2025.

     

    To read about the Trafford Park Metro Line, click hereor hereor even this article here - the connectivity of this Metro line will be huge for the development.
    The £1 billion Trafford Waters regeneration project here and here.
    The scale of the Trafford Centre here.

  • Property Address

    United Kingdom
    M17 1AB

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Information

  • From £170,000
  • Yield: 6%
  • In Construction
  • Est. Q2 2021
  • Lease Length: 250 Years

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