Rivergate House Manchester

Rivergate House at Wilburn Wharf is a striking new-build waterfront residence only minutes from Manchester city centre. This opportunity, therefore, presents exceptional value to enter the property market of a city that is on the cusp of a historic transformation. Due to strong rental demand and rising property values, Manchester continues to rise up the ranks of the world’s most promising property investment markets of 2016. Due to the supply of new housing struggling to meet demand, prices are continuing to rise. Therefore we are pleased to present Rivergate House at Wilburn Wharf – a luxury waterside development just minutes from Manchester’s central business district.

Rivergate House Overview

  • 1 / 2 / 3 Bedrooms – Ranging from 488 – 1,034 square feet
  • Phase 1 Estimated completion: Q3 2016
  • 249-year leasehold title
  • Rental yield up to 5.48%

Facilities and features

  • Spacious 1/2/3-bedroom apartments in the heart of Manchester
  • High-quality specification and finish – Car parking available for many units
  • First phase of a new-build riverside development around the historic Wilburn Basin

Rivergate House Key Points

  • First phase of a new-build riverside development around the historic Wilburn Basin
  • Just a short walk from Spinningfields business hub thus catering to the young professional market
  • Up to 75% LTV available
  • Starting from GBP158,000

Why invest in Manchester?

  1. People: 128,000 new Manchester residents in the next decade
  2. Employment: 110,000 new jobs by 2025
  3. Value: Average Manchester apartment is one-third of the price of that in London
  4. Supply: Current construction pipeline is providing less than half of the required new units
  5. Yields: Manchester achieved the UK’s strongest rental yields in 2010-15 at 6.02% per annum
  6. Growth: Prices forecast to rise 20% over the next 3 years, therefore it is an excellent place for capital appreciation

Manchester’s growing attraction to investors is explained by a combination of factors. Its economic performance, growing population, and position at the centre of the UK Chancellor’s GBP7 billion ‘Northern Powerhouse’ are the main structural factors driving this, but most important of all is the value investors can find in the city. What’s more, the average apartment in Manchester is just over a third of the price of an equivalent property in central London. Property prices in Manchester remain 13.6% below their pre-recession peak, and conservative forecasts put price growth to 2019 at 20%. Meanwhile the city’s thriving lettings market has been recognised by HSBC as one of the UK’s top ten buy-to-let hotspots, recording the highest yields in the UK between 2010 and 2015 at 6.02% per annum. For any further information on Buy to Let Properties drop us an email at info@hanoversquarerealestate.com