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Northill Apartments, Manchester
These luxury apartments will boast magnificent waterfront views across Salford Quays and MediaCityUK, home to many of the world’s biggest corporate giants such as the BBC and ITV.
This is a great opportunity to invest in Manchester, with a set of truly prime penthouse level apartments in an area which has increasing demand, especially with the agreed expansion of MediaCityUK – set to double in size in the near future. Completing Q2 2021.
Why Invest In Northill Apartments?
- Salford Quays is one of the UK’s top property hotspots
- Luxury apartments close to Manchester’s city centre
- Stunning views of Salford’s waterfront from many apartments
- Apartments fully let and managed by an experienced lettings company
Market Data & Analysis
The demand for quality residential property in the Manchester region is significant. Recent statistics show that 2,500 new homes are needed each year over the next 10 years. This demand is driven by employment growth which is forecast at a +1.3% increase and the population growth which is expected to be +1.1% from 2020 to 2024.
Both past performance and the future forecast growth in the city are exceptional. The average property value in the city in 2020 is £257,000 and the average rental price sits at £1,145 per month. Manchester has both the highest forecast property value growth and rental price increase over the next 5 years of any UK city at +17.1% in terms of capital growth and rental growth of +16.5%.
Source: JLL & Oxford Economics.
Northill Apartments, Fortis Quay, Salford Quays, Manchester M50 3XA
Population growth in the area is set to soar with the second phase of MediaCityUK agreed last year, which will bring a £1bn cash injection to the area. It will also double the services available to residents, making the area increasingly attractive.
More than 60,000 people already work in the creative and digital industries in Greater Manchester, and this is forecast to grow 27% by 2034. This growth makes new developments like Northill Apartments vital.
Expert Market Insights
JLL UK City Centre Forecast – UK Living Research 2020
“The appeal of living in Manchester’s city centre continues to increase strongly as the local economy and population grows.
The five year sales price forecast is notably higher than the UK average and the highest forecast of any UK city.
The delivery of private for sale units will slow over the next three years, providing support for higher sales prices.
We expect rents to rise strongly over the next five years, reflecting both heightened demand and better quality stock.”
Key Location Details
UK’s largest regional airport.
Some of the largest UK shopping centres, plus famous stores such as Selfridges, Harvey Nichols, Louis Vuitton, and more.
Europe’s largest student population of over 100,000.
65 of the FTSE 100 companies have a presence in the city.
Amazon, Google, BBC and ITV all see Manchester as a key employment location.