Four key regeneration projects have been agreed by Manchester’s planning committee. All taking place in Manchester’s Ancoats and New Islington areas, which sit next to the Northern Quarter, these projects will make Manchester an even more desirable place to buy an investment property.
The Mobility Hub
The Mobility Hub is a plan to create a better transport experience for Ancoats. Brought forward by the Manchester Life Strategic Development Company Limited on behalf of Manchester City Council, the Mobility Hub will make sustainable and public transport the heart of the local community.
The scheme will centralise residents’ parking and integrate current pathways with enhanced cycling and walking routes. This will create a place with fewer vehicle movements and a better experience for residents.
Also helping the community switch to more sustainable travel choices will be an electric car share club, an e-bike scheme and visitor cycle parking spaces with changing facilities. New public spaces will also be developed, including a new landscaped outdoor area and a community and cycle café.
The Eliza Yard residential scheme will bring 118 new homes to Ancoats, along with opportunities to buy an investment property in Manchester.
Located on the corner of Jersey Street and Poland Street, Eliza Yard is just the beginning of the Poland Street Zone project. As well as the one, two and three-bedroom apartments, commercial spaces and workspaces will also be available on the ground floor.
The redevelopment will be created with materials that match the aesthetic of the local historic buildings, helping connect the Poland Street Zone with the heart of the Ancoats.
Another residential scheme in Ancoats is the regeneration of the Ancoats Dispensary. This historic building will be transformed into 39 one and two-bedroom apartments available for affordable rent.
The redevelopment will retail the heritage and legacy of the old dispensary building and its Grade II-listed façade.
Also available for affordable rent will be the 68 homes created as part of the Downley Drive scheme. This project will develop a mixture of 23 two and three-bedroom houses and 45 one and two-bedroom apartments.
Sitting on a two-acre vacant plot behind Downley Drive and Kingham Drive, all 45 of the apartments and 11 of the houses will be available for social rent. The remaining 12 houses will be offered for shared ownership.
If you’re interested in buying an investment property in Manchester or anywhere else, contact North Property Group now.