Victoria Mill presents a unique investment opportunity in East Manchester’s thriving regeneration zone, located along a picturesque waterside. Blending countryside charm with modern living, this development is highly sought-after by both long and short-term renters.
Situated a short distance from Manchester’s popular Ancoats district, Victoria Mill fits perfectly with the local aesthetic and has gained significant traction in the city’s high-demand rental market. Its proximity to NOMA, the Northern Quarter, and Manchester Piccadilly Station makes it especially appealing to the vibrant community of young professionals.
With secure gated parking, high-end amenities, and apartments that preserve iconic features like structural columns, Victoria Mill offers a blend of character and modern convenience. Financially, it’s hard to beat, with a 5-year projected NET cash return of £106,826 and short-let approval, boosting monthly cash flow.
If you’re considering completed or off-plan units, this development provides excellent value and strong returns.
Manchester, known for its rapid expansion, continues to be one of the UK’s fastest-growing cities. Between the last two censuses, Manchester’s population grew by 9.7%, significantly outpacing the national average. This growth is expected to accelerate, with projections suggesting the city’s population will exceed 635,000 by 2040.
However, Manchester’s housing market is struggling to meet this rising demand. The city council estimates that at least 50,000 new homes will be needed by 2040 to accommodate the growing population, but current development plans fall short, projecting only 30,000 new homes in the same period. This shortfall, coupled with ongoing supply constraints, has driven property prices up by 7% over the past year alone.
Rental prices have also surged, with a 10.5% year-on-year increase as high demand from professionals, students, and young families continues to outstrip supply.
For investors seeking a dynamic market with strong growth potential, constrained supply, and increasing rental yields, Manchester stands out as an exceptional buy-to-let opportunity.