Manchester city centre has changed beyond recognition over the last decade. The city has seen an explosion in the number of high rise developments being built, the most well-known being Beetham Tower.
Completed a year before the downturn in 2006, what was the tallest residential tower in Europe at the time, became the high profile face of a whole raft of new developments. While the recession, when it hit, changed the shape of the skyline, Manchester remains the poster child for George Osbourne’s ‘Northern Powerhouse’.
Previously a well-known nightclub and music venue in the Deansgate area of Manchester, the site was bought by a developer in 2000. Two years later, the former nightclub was demolished and 156 apartments built in its place. The Hacienda is a popular development for tenants due to its prime central location.
A 47 storey tower, completed in 2006, consisting of 219 luxury apartments and a five star Hilton Hotel. The skyscraper replaced a redundant section of railway viaduct, forming a fundamental part of Manchester’s redevelopment. Before construction started, 206 of the 219 flats had already been sold. The triplex penthouse apartment was bought by the tower’s architect for £3million.
The development lies on the Manchester-Salford border near The Lowry hotel, with views over the River Irwell. The 275 apartment building was completed in 2003, with many of the apartments bought for investment. Today the average price of a flat in this development is £328,000, 8% above its 2007 value.
Completed in 2007, the building consists of 309 flats over 21 floors. The development is located on the fringe of the trendy Northern Quarter, within a five minute walk of Victoria. Jefferson Place contains one, two and three bedroom apartments, most of which have a balcony or terrace. Average prices remain 9% below their value at completion.
While many ‘Brummies’ might quibble, Manchester makes several strong claims to being England’s ‘second city’. London aside, Manchester has the largest travel to work area, according to the Office for National Statistics method for working out how many people might conceivably work in an area. Seven million people live within a one hour drive of the city centre, and 180,000 commute into Manchester daily.
The expansion of the Metrolink system to areas South and East of Manchester, such as Didsbury, has improved access to the centre for even more people. With HS2, now conceivably being delivered up to six years early, it will make future travel to London and other large cities quicker and easier.
At Countrywide we have a vast selection of high rise, Manchester city centre properties currently on the market with Bridgfords including apartments within the famous Hacienda and Beetham Towers!
2 bedroom apartment within Beetham Tower on the market at £440,000.
3 Bedroom apartment located in the heart of the city centre on the market at £345,000.
2 bedroom apartment on the quays priced at £240,000.
2 bedroom hacienda apartment on the market for offers over £200,000.
2 bedroom apartment located in the green quarter development for sale at £170,000.
For further information on the above properties visit bridgfords.co.uk or call our Manchester branch on 01614 012 479. To view a full list of properties within the Manchester area and across the UK visit propertywide.co.uk