From £300,000
Gross Yield: 6%
In Construction
Est. Q4 2024
Lease Length: 950 Years
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.
Roof Terrace
Gym
Residents Lounge
Communal Space
Retail Space
The best units currently available in the stunning development.
Why Buy In Manchester
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 years, 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%
North Property Group is a member of The Property Ombudsman