X1 Media City Tower 3.png

X1 media city tower 3
manchester

X1 Media City Tower 3 is a residential development of 275 luxury apartments in Manchester with an expected

completion date of Q1 2023. 

Investors who purchase apartments in X1 Media City Tower 3 will benefit from a 2 year net rental guarantee at 6% during which no service charge, no ground rent and no letting management fees are payable.

A free furniture pack (worth £2995 for 1 bed, £3995 for 2 beds and £4995 for 3 beds) is available for X1 Media City Tower 3 buyers.​

Who is looking at this property?

X1 Media City tower 3

A residential development of 275 luxury apartments.

Estimated completion Quarter 1 2023.

rental guarantee

2 year net rental guarantee at 6% with no service charge, ground rent or management fees.

furniture package

Free furniture pack

worth £2995 for 1 beds, £3995 for 2 beds and

£4995 for 3 beds.

prime
location

X1 Media City Tower 3 has a prime location with easy access to everywhere in Manchester and the surrounding areas.

X1 Media City Tower 3 is a residential development of 275 luxury apartments in Manchester with an expected completion date of Q1 2023. 

Investors who purchase apartments in X1 Media City Tower 3 will benefit from a 2 year net rental guarantee at 6% during which no service charge, no ground rent and no letting management fees are payable.

In addition a free furniture pack (worth £2995 for 1 bed, £3995 for 2 beds and £4995 for 3 beds) are available for X1 Media City Tower 3 buyers.​

LIMITED AVAILABILITY

Prices: 

  • 1 bedroom apartments from £175,995.

  • 2 bedroom apartments from £234,995.

Payment Terms: 

  • Reservation: £5,000

  • Exchange within 28 days: 25% (minus 5k)

  • 10% after 6 months. 

  • 65% on completion (mortgages available subject to status). 

Manchester remains the fastest growing city and is experiencing faster growth than any other UK city - Hometrack.

 

X1 Media City is an iconic tower development at the very heart of MediaCityUK, the UK’s digital and media hub.

 

These iconic towers are well connected to all of Greater Manchester via the adjacent Metrolink tram stop. Beautifully landscaped gardens are on your doorstep, with bars and restaurants only a minute away on foot.

 

The stunning buildings join the completed phases alongside a dedicated transport infrastructure, the headquarters of many international companies and a thriving community. This is a stunning new waterside neighbourhood.

 

X1 Media City provides 1,100 exclusive luxury apartments across four towers to the home of the UK’s media, an incredibly exciting place to live, work and play. 

The third tower of X1 Media City follows on from the success of the first two towers at the site. Towers 1 and 2 are fully complete and tenanted, with the development proving incredibly popular with tenants in the thriving rental market in the area. X1 Media City is perfectly located, with the bustling hub of MediaCityUK on the doorstep. Manchester city centre is a short journey away by Metrolink tram, with the rest of the UK easily accessible through excellent transport links. The final two towers of X1 Media City will mirror the first two towers, at the water’s edge of Salford Quays.

X1 Media City is an exciting new flagship development, which has already made a stunning impact on the Manchester skyline at the historic quays.

 

Each tower is set within a modern landscaped public realm, which features cafe spaces, restaurants, retail and office space alongside the residential offer.

 

This mixed-use scheme is an ideal investment opportunity and is truly unique in its contemporary design and perfect quayside location.

 

Situated in the heart of MediaCityUK in the iconic Salford Quays, home to the Coronation Street as well as the likes of the BBC, ITV, Ericsson and Kellogg’s, this new phase of development complements the existing towers, and fits perfectly within the bustling business and leisure community.

 

This development presents an exclusive opportunity to invest in limited luxury property located at the very heart of Peel’s thriving MediaCityUK project.

Overlooking both Salford Quays and Manchester city centre these apartments offer stunning views across the vibrant quayside towards the UK’s second city. Offering luxury quayside living in the heart of Peel’s thriving MediaCityUK, this development is perfectly situated for those working in the creative and professional sectors. Residents will benefit from a gym and cinema, as well as retail and leisure facilities located on-site.

Location: 

Walking distance from X1 Media City to: 

  • MediaCityUK - 0-3 minutes.

  • The Lowry Mall / Theatre - 4 minutes. 

  • Manchester United - 20 minutes. 

Metrolink distance from X1 Media City to: 

  • Central Manchester - 8 minutes.

  • Piccadilly Station - 22 minutes.

Driving distance from X1 Media City: 

  • The Trafford Centre - 14 minutes.

  • Manchester Airport - 20 minutes. 

  • Liverpool - 45 minutes. 

Already home to the BBC, ITV, Kellogg’s, Bupa, the University of Salford and over 250 creative media businesses, MediaCityUK is a major digital media hub, centre of learning and established visitor destination.

MediaCityUK is home to world-class studio facilities making television, radio and digital productions that are broadcast around the world. Many media professionals working here also live beside the tranquil Salford Quays.

Peel L&P’s MediaCityUK project is set to double in size with an additional £1bn invesment planned to deliver a huge expansion of the scheme. Phase 2 will bring additional residential units, office space, retail and leisure facilities, as well as a variety of new public spaces to enjoy.

Manchester – the heart of the Northern Powerhouse:

In a cluster of cities that includes Leeds, Liverpool, Sheffield and Newcastle, Manchester is at the heart of the Northern Powerhouse initiative – a collection of Cities which together form an economy of over £350 billion.

The Northern Powerhouse plays home to some 10.7 million people, 25% of who live in the Manchester City Region.

As one of the North Wests forward thinkers, Manchester is leading the way in economic growth when it comes to investing in skills, transport, culture and ultimately unlocking its huge economic potential.

Between 2015 and 2020, the government pledged to spend over £13billion improving northern transport and infrastructure.

On 24th March 2020, The Trafford Park Line Tram extension opened seven months ahead of schedule. The £350million Metrolink extension, which has added an additional 3.4 miles covered opens up Manchester even further for residents.

The Government initiative does not just stop at infrastructural improvements – it focuses on the creation of a highly skilled and improved workforce, which is vital for any economy. It concentrates on Cities, regions and smaller towns and their own economic growth in order to contribute directly to the growth of the North.

Since it’s introduction in 2014, the economy grew by 10.7% - which is marginally higher than the rest of the UK and employment in the North grew by 6.9% (National Average in the same period was 6.2%).

With more business moving to Manchester, it is expected that the City will see around 3100 jobs created year on year until 2034.

A leading buy–to-let destination:

With the population continuing its upward growth, Manchester City Council has predicted that the population will exceed three million by 2030 – with Manchester’s population in particular to top half a million.

Further insights from Manchester City Council demonstrate that the city centre is experiencing population growth 15 times faster than the rate at which new homes are being built.

Research from Savills has shown that although there are 7000 new homes in the pipeline for Manchester over the next two years, to meet housing needs, a further 11,254 would need to be delivered per year to keep up with demand.

Residential property values in Manchester have risen 5.1% year on year in the last 12 months according to the latest data from Zoopla and Hometrack confirms that Manchester remains the fastest growing City. By 2022, it is predicted that house prices will grow by 15.3% and rents will rise by 13.6%.

Research from Knight Frank has confirmed the above through its indication that rental income looks to continue its growth with an overall rise of 14% by 2022.

The same research continues with its predictions with regards to the private rented sector announcing that 25% of all households in the UK will rent privately by the end of 2021.

Capital Growth for residential property in Manchester:

Manchester outpaces all other UK Cities when it comes to economic growth.

The density of Manchester’s population is 11, 449 per square mile - making it one of the fastest growing cities in the UK.

By 2035, it is predicted there will be a population of some 3,028,104 residents.

Research from leading property portal Zoopla has underlined that between 2018 and 2019 residential property values have risen 5.1% and Manchester remains the fastest growing city, outpacing all other cities in the UK.

With this research, it is possible to predict capital growth over the next ten years should the increase stay the same or with marginal fluctuations.

Rental Growth Projections:

Across the industry, a typical rent increase sits between 3-5% annually and this would be at the end of the fixed term tenancy.

At X1, rents are set in line with the current market rate achievable and increase accordingly.

At X1, the aim is to increase rents 5% year on year in order to maximise income for Landlords.

Manchester Population & Employment:

At present, the population of Manchester continues to grow nearly 15 times faster than properties are being built. In short, population growth is outpacing supply.

Between 2015 and 2016, only 290 homes were built in Manchester City Centre, meaning that Manchester’s housing grew by just 0.13% in the same period of time. In the period prior, the citys population increased by more than 10,000.

Research from Savills has shown that although there are 7000 new homes in the pipeline for Manchester over the next two years, a further 11, 254 would need to be delivered per year in order to meet demand.

Furthermore, research has shown that between 1996 and 2016, some 85,000 jobs were created, with an additional 65,000 expected by 2036.

In Q4 2019, Huawei - one of the leading global providers of ICT - selected MediaCity as it’s new office location , a move which is considered a major boost to the Northern Powerhouse Tech Economy.

The DigitalTech Industry alone turned over £4.98 billion in 2018 and Manchester holds the largest number of workers in this sector second only to London, with MediaCity UK alreading securing its position as the leading creative and technological hub in the UK.

The time is now for MediaCityUK:

With MediaCityUK primed for a period of major growth, Manchester has led the way in house price growth for the last 6 years, with the upward trend set to continue until 2028.

In addition to this, research from Savills has demonstrated that house prices in the North West of England are set to continue their growth for the next 5 years.

Already home to more than 250 businesses, the redevelopment of MediaCityUK has catapulted Manchester and Salford to leading the way for investment and capital gains in the UK.

The first phase of MediaCityUK is already well established as the leading urban regeneration project in the UK and the future is bright for Phase 2 as it signals the start of the next step on the journey.

 

When the University of Salford moved its campus in to the area, the market saw a swelling in student numbers and retention of young professionals as they look to further their professional career in the digital hub of the North West.

The City region has over 100,000 students in total across five Universities, giving Manchester one of the largest student populations in the UK.

Over half of the students from Manchester choose to remain in the City after graduation whilst an even larger amount of students (57%) return after moving away to study in other cities.

The sheer volume of students who remain in Manchester underpins its economic growth as it remains the second most popular city for new graduates.

Salford has already seen the creation of thousands of jobs and homes as part of the MediaCityUK project, with more investment and upgrades to infrastructure on their way.

The development of Port Salford – the UK’s first tri-modal inland waterway port will link Greater Manchester to new international trading routes, again facilitating further growth to the area.

In addition to this, the potential arrival of HS2 in to Manchester Piccadilly could bring with it 40,000 jobs, along with 8.8sqft of commercial development whilst Manchester airport is undergoing a £1bn transformation project which will see an increase in the size of Terminal 2 including enhancement works.

 

With so much investment earmarked for the area, Manchester’s growth will be supported by infrastructural improvements, delivery of housing and a highly skilled workforce.

Investors in X1 MediaCity have taken advantage of properties which are priced below market value and seen great potential for capital appreciation. Investors in X1 Media City Tower 1 can now see like for like units selling for up to 44% increase from what they paid.

 

The transformation of the former dockland is incredible and the potential at MediaCityUK remains uncapped.

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