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From £299,000

Three60

  • From £299,000
  • In Construction
  • Property Type: Apartments
  • Lease Length: 950 Years

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  • Highlights

    • 51 stories of luxury apartments
    • GP surgery and school on grounds - Perfect family home
    • Exceptional developer - Renaker
    • Part of the Great Jackson Street Masterplan
    • 7th of 25 skyscrapers on the way all of which will increase in price

    Amenities

    • Roof Terrace
    • Gym
    • Residents Lounge
    • Communal Space
    • Retail Space
  • Property Description

    Three60

    Set to become one of the most distinctive landmarks on the skyline. It is Manchester’s first cylindrical skyscraper.

    Boasting a luxury living aesthetic like no other, the edgeless design will offer panoramic views from every apartment. It is quite hard to describe what it feels like when you walk into a Renaker development, the hotel-like lobbies are simply next level. The new neighbourhood that is being created is at the gateway to the city centre and will include a GP surgery and a new school.

    Location

    Three60 is situated at the gateway to the city centre.

    This specific area is not only changing Manchester's skyline, implementing up to 25 towers but it is bringing new restaurants, cafes, local convenience stores, a new school, a GP surgery, a community park and it's all on the doorstep.  The development itself will include a state-of-the-art gym, fitness studios, 24/7 concierge, podium garden and a cafe.

    The hotel-like lobby greeting guests as they enter sets the scene and it is the upper echelon of city living.

    Luxury

    Over the past 2 years we have seen the super-prime market in London roaring back to life, high-end luxury apartments with premium price-points and a level of luxury that isn’t found in other cities are in high demand. If you read between the lines and follow the signs, a savvy investor should now be looking at Manchester, but not at just any project. You need to focus on the ultra-premium luxury end. This ultra-premium luxury end is actually undervalued at this stage in the Manchester property cycle and there are a lot of middle ground developments masquerading as high-end luxury when they are not, at similar price-points to THREE60 but nowhere near the level of luxury. The demand for property of this type in Manchester is sky high, there is a plethora of affluent professionals looking for something luxurious and unique.

    Developer

    The strengths of the scheme are further compounded when we look at the developer, they are one of the top 3 premium developers active in Manchester, the fit and finish is superior to pretty much everything else in Manchester. Renaker has a great track record at completing projects ahead of schedule. An extremely rare strength for modern-day developers. Given developer track record is the most important aspect for us this is very comforting.

    Manchester

    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 M11 postcodes.

    Manchester has undergone 7% population growth during the previous decade, reaching over 2.7 million in 2019. Furthermore, 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.

    Investment Case

    Since 2018, Manchester has successfully achieved a higher rental and higher price growth than the average in the UK. As a result of this, you should achieve some of the UK's highest short and long-term property investment returns.

    The city Is experiencing a significant undersupply, with Manchester's population rising at 15 times the rate new homes are being built, resulting in City Centre apartments getting up to 10 enquiries per property and some are tenanted within one hour, meaning now is the perfect time to invest in Manchester.

    Manchester's property market also holds an impressive history; with property price growth in Manchester exceeding the UK average for five consecutive year, from 2013-2018. Within the 12 months to June 2018
    Alone, the average property values in Manchester increased by 7.4%, and within six years between
    November 2011 and November 2017, prices of apartments increased by 51%.

    Even though the pandemic impacted the UK's housing market, Manchester has remained a hotspot for property investment. Despite the property market freezing during lockdown, Manchester is still expected to record a house price growth of 4.1% during 2020, as opposed to the UK average of 2.9%

     

  • Property Address

    United Kingdom
    M15 4ZD

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  • From £299,000
  • In Construction
  • Property Type: Apartments
  • Lease Length: 950 Years

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