Hulme Hall Road, Castlefield, Manchester, M15 4LY

Excelsior Works

Manchester canal side investment

1-, 2- & 3-bedroom apartments
Yields up to 6.5%
Prime location near Castlefield

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Excelsior Works – Manchester City-Centre Investment Opportunity

Nestled in the waterside Castlefield district of Manchester, Excelsior Works offers a rare investment entry into a premium city-centre development. This luxury canalside residence provides one- and two-bedroom apartments finished to a high specification, complete with rooftop gardens, concierge services and secure parking. Located a short walk from the city’s business, entertainment and transport hubs, it represents a unique blend of urban convenience and lifestyle appeal.

Manchester’s property market continues to strengthen, driven by strong rental demand, job creation and growing population. Developments in key regeneration zones like Castlefield are highly sought after, thanks to their high-end finishes and central location. Excelsior Works is already completed and operational, meaning immediate occupation and income potential for investors.

For investors, the combination of premium specification, central canalside setting and strong market fundamentals make Excelsior Works a compelling proposition. With projected yields reaching up to 6.5 %, priority on quality rental stock and Manchester’s upward trajectory in both capital growth and rental rates, this development presents both immediate income and long-term value potential.

Key Details

Completed canalside development in Castlefield, Manchester
One- and two-bedroom luxury apartments
Up to 6.5 % projected rental yields
High-spec finishes, concierge, rooftop garden
Prime location near Manchester city centre and transport links
Strong rental demand and capital growth potential

Amenities At

Excelsior Works

Roof Terrace

Green Spaces

Concierge

Underground Parking

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Market Summary

Manchester Property Market Trends and Performance

The Manchester buy-to-let property market exhibits remarkable stability and growth. Prices in the region are forecast to increase by 31.2% by $2029$ , significantly outpacing many other UK cities. This resilience is supported by the consistent demand and a persistent housing undersupply. While average house prices stand around $\text{\pounds}249,000$ (far below the UK average), this affordability combined with high rental growth makes property investment in Manchester ideal for investors seeking strong leverage and capital appreciation.

Yields

Manchester Buy-to-Let Rental Yields and Income

Manchester is consistently ranked as one of the UK's best cities for rental yields, averaging $6.35\% - 7.0\%$ across the region. Demand is driven by three key factors: $100,000+$ students, a thriving tech and finance sector, and the sheer volume of young professionals migrating North for better value. Postcodes near universities (e.g., M14) offer yields up to $9\%$ via $\text{HMO}$ strategies - making it a viable strategy for investors interested in student property - while the city centre (M1, M4) commands high rents from corporate tenants.

Regeneration

Economic & Regeneration

Manchester's growth is regeneration-led, creating entirely new buy-to-let investment opportunities:

MediaCityUK (Salford Quays): Home to BBC and ITV, this hub continues to drive demand in the M50 and Salford postcodes, attracting high-earning media and tech professionals.
Northern Gateway / Victoria North: This $15,000$ -home, long-term regeneration plan aims to revitalise areas immediately north of the city centre, offering significant future capital growth potential in currently more affordable zones.
Mayfield Project: A $24$ -acre urban neighbourhood near Piccadilly, featuring Manchester's first new city-centre park in over a century. This mixed-use scheme boosts appeal and property values in the East side of the core.

Connectivity

Manchester Transport Links: The Power of the Bee Network

Manchester's transport system is a key driver for tenants, ensuring high desirability for commuter properties.

The Metrolink: The city's extensive light rail system is the backbone of local connectivity, linking the city centre to suburbs like Altrincham, Eccles, and the Airport. Properties within walking distance of a Metrolink stop attract premium rents.
National Rail: Manchester Piccadilly is a major national hub. The future HS2 station planned for Piccadilly will further integrate Manchester into the national rail network, supporting city centre property values.
The Bee Network: The comprehensive, integrated transport system (bus, tram, rail) prioritises ease of movement, directly benefiting renters commuting into the central business district and Salford Quays.
Manchester Airport: The UK's third-busiest airport provides essential global and domestic connectivity, underpinning the region's strong economic appeal to international firms.

Areas Overview

Best Areas to Invest in Manchester Buy-to-Let Property

A targeted approach to Manchester investment is critical, focusing on areas with proven yields or strong regeneration uplift. By focusing on these areas, you can ensure strong returns, high tenant retention, and positive capital growth going forward.

Salford Quays (M50)

Media Hub & High Yield Potential

Home to BBC/ITV (MediaCityUK). Attracts high-earning, long-term professional tenants with strong yields ( $6.2\%+$ ).

Ancoats & NOMA (M4)

City Centre Growth

Voted one of the hippest neighbourhoods globally. Continues to see strong capital growth, attracting young professionals and creatives.

Fallowfield (M14)

Highest Yield / Student

Highest yields in the city ( $7.8\%+$ ) driven by the massive University of Manchester student population. Ideal for specialised $\text{HMO}$ investment.