Manchester Waters Phase III

    • Project Updates

    • Property Description

      Manchester Waters

      X1 Manchester Waters Phase III is a significant part of the wider development underway on the Pomona Islands docks. This is regenerating an underutilised ex-industrial area and turning it into the most desirable residential destination on the Manchester waterfront.

      X1 Manchester Waters Phase III is one of the last remaining large-scale developments available on the Manchester waterfront. Another investment opportunity of this quality in a location as good as this will not come along anytime soon. So if you are looking for your next buy to let investment opportunity in Manchester make sure to enquire today for more information.

      Why Invest in Manchester?

      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 Population

      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.

      Huge 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

      Due to a dramatic decrease decrease in housing delivery since 2009, Manchester City Council has a minimum target of building 2,500 homes annually until 2025.

      Manchester's Economy

      Europe’s second-largest cluster of creative/ media businesses
      Home to the GBP28.5 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 and 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, add £19 billion Total Gross Value to the economy and increase residents’ disposable income by 28%.

      Improving 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 £350 million, 6-stop metro line that will connect Trafford to the rest of the city

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