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Waterside West

ManchesterUK

From gbp 228,800

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Waterside West

ManchesterUK

Waterside West is a collection of 108 contemporary apartments set beside Manchester’s historic Bridgewater Canal. The building completed in 2020 to meet the growing demand for quality accommodation near Manchester’s key employment hubs. With global brands such as Amazon and Deloitte expanding headquarters in the city nearby, the development offers the perfect lifestyle balance for young working professionals looking for comfort and convenience. 

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Development Snapshot

  • 23 modern, luxury apartments exclusive to IP Global
  • A stone's throw from Manchester city centre
  • Grand entrance foyer equipped with entertainment areas and bar
  • Panoramic views of the skyline from communal rooftop garden
  • Tenanted apartments available, guaranteed rental income
  • Completed in 2020 to an impeccable specification

Location

2 Hulme Hall Rd, Manchester M15 4LY

Bedrooms

One- & two-bedroom units

ltv

Up to 70%

completion

Spring 2020

rental yield

5.1%

size range

From 501 sqft to 953 sqft

A Closer Look At Waterside West

Why invest in Manchester?

The city of Manchester is the economic hub of the Northern Powerhouse. As a result of the successful economic initiative, Manchester’s GVA has grown by 63% since 2000, totalling GBP41.3 billion as of 2021. The number of residents has grown from 851,780 in 2000 to 1,060,680 in 2021. By 2035, the populations is expected to increase 36% from 2000, reaching in excess of 1,154,970 residents.  

The growing population has added further pressure to an undersupplied housing market. It is expected that 5,545 housing units will be completed per year between 2020 and 2031, below the average annual housing requirement of 6,515 units. Taking the previous backlog into account, an undersupply of at least 82,505 housing units is anticipated by 2035. The pressure will continue to fuel house price growth, which is anticipated to reach over 23.5% between 2022 and 2026 while rental growth sees a 15% increase. 

Population

1,154,970 forecast by 2035
+36% from 2000

Housing Deficit

undersupply of at least 82,505 units expected by 2031

Economy

over GBP41.3 billion (GDP)
+63% since 2000
+24% forecast by 2035

The Investment Case for Manchester (2022)

There are 3 underlying economic fundamentals that make a strong investment case for residential real estate. A city with an expanding population, a strong GDP and rising salaries as well as a shortage of appropriate housing will naturally put pressure on the housing market, causing prices and rents to rise. Let's take a look at […]
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*Prices and details are correct at the time of going to press. Readers are advised to make their own enquiries to verify such information.

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