Dutton St, Cheetham Hill, Manchester M3 1LE
Waterhouse Gardens
Invest in a luxury Manchester apartment.
1-, 2- & 3-bedroom apartments
Rental yields ranging from 5-7%
Central Manchester location
Welcome to Waterhouse Gardens Manchester
Waterhouse Gardens is a landmark buy-to-let and residential development that redefines luxury city living. Comprising 556 high-spec apartments, duplexes, and penthouses across five distinguished terracotta towers, Waterhouse Gardens forms part of the Great Ducie Street Regeneration Zone, connecting the sought-after districts of Greengate and N.O.M.A. This highly desirable prime Manchester location places residents within walking distance of Deansgate, Victoria Station, the AO Arena, and the city’s main business and cultural hubs.
Designed for both homeowners and investors, Waterhouse Gardens Manchester combines architectural excellence with strong buy-to-let potential. Residents will enjoy access to the exclusive Waterhouse Club, offering an exceptional lifestyle through first-class amenities including a swimming pool, spa, vitality pool, squash and basketball courts, cinema room, co-working lounges, private dining suites, and beautifully landscaped gardens. At ground level, more than 30,000 sq ft of commercial space will feature boutique retail, eateries, and offices, creating a self-sustaining community that enhances long-term rental appeal.
With projected yields of up to 7% and located at the heart of one of the UK’s strongest property markets, Waterhouse Gardens Manchester represents a rare opportunity to secure a prime buy-to-let investment in a city consistently outperforming national averages for growth and demand.
Contact us today to find out more about this exciting investment opportunity or click here to find out more about why Manchester stands out as a prime city for property investment.
Key Details
- Location: Manchester city centre
- Total units: 556
- Property types: 1, 2 & 3 bed apartments, duplexes & penthouses
- Completed
- Rental yields: Up to 7% projected
- Developer: Salboy
- Amenities: Pool, spa, gym, courts, cinema, co-working & gardens
- Commercial space: 30,000 sq ft retail & dining
- Tenure: Long leasehold
5* Luxury Amenities at
Waterhouse Gardens
Take A Look Inside Waterhouse Gardens, Manchester
Get In Touch
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The Apartments
1 Bedroom Apartments
Please be aware that prices displayed for 1-bedroom units at Waterhouse Gardens may reflect the lowest entry point available at the time of release. Availability and pricing are subject to change, and units at these prices may no longer be available.
2 Bedroom Apartments
Please be aware that prices displayed for 2-bedroom units at Waterhouse Gardens may reflect the lowest entry point available at the time of release. Availability and pricing are subject to change, and units at these prices may no longer be available.
3 Bedroom Apartments
Please be aware that prices displayed for 3-bedroom units at Waterhouse Gardens may reflect the lowest entry point available at the time of release. Availability and pricing are subject to change, and units at these prices may no longer be available.
CGI Walkthrough Of
Waterhouse Gardens, Manchester
Take a look inside our Manchester property, Waterhouse Gardens, which consists of 5 phases:, Medlock House, Irk House, Chorlton House, Irwell House and Tib House.
On the Map
Waterhouse Gardens, Cheetham Hill
▸ Positioned between the N.O.M.A and Greengate districts
▸ AO Arena Manchester - 5 minute walk
▸ Manchester College - 5 minute walk
▸ University of Manchester - easily accessible
▸ Manchester Victoria Train and Metrolink Station - 7 minute walk
Why Choose Manchester
Manchester
Market Summary
The off-plan Manchester property investment 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 consistent demand and a persistent housing undersupply. While average house prices stand around £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 is consistently ranked among the UK's best cities for rental yields, with yields averaging 6.35%-7% 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 in search of better value. Postcodes near universities (e.g., M14) offer yields of up to 9% via HMO strategies, making them a viable option for investors interested in student property. The city centre (M1, M4) commands high rents from corporate tenants.
Regeneration
- 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
- 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 planned HS2 station at 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
- 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 HMO investment.
- Old Trafford/Trafford (M16/M32) - Regeneration & Value: Benefits from the large-scale regeneration around Old Trafford (football and cricket stadiums) and excellent Metrolink links.
Related Developments
West Gate
One Trafford Edge
Tranquillity
Vista River Gardens
The Quayline
Georgian Square
Frequently Asked Questions
Waterhouse Gardens is located on Dutton Street in Cheetham Hill, Manchester, M3 1LE, forming part of the Great Ducie Street regeneration zone between the Greengate and N.O.M.A. districts.
Waterhouse Gardens comprises 556 apartments, duplexes and penthouses across five terracotta towers, available in one, two and three-bedroom layouts.
One-bedroom apartments start from £271,000, two-bedroom apartments from £398,000, and three-bedroom apartments from £507,000.
Projected rental yields range from 5% to 7%, supported by the development's position within one of Manchester's strongest regeneration corridors.
Residents have access to the exclusive Waterhouse Club, including a swimming pool, spa, gym, sports courts, cinema room, co-working lounges, a library and landscaped gardens, alongside over 30,000 sq ft of commercial space at ground level.
Waterhouse Gardens is developed by Salboy, sold on a long leasehold basis.
Waterhouse Gardens is a 5 minute walk to the AO Arena, 7 minutes to Manchester Victoria Train and Metrolink Station, and within easy reach of the University of Manchester and Deansgate.
Part of the Great Ducie Street Regeneration Zone
A Landmark Manchester Location
Waterhouse Gardens sits at the meeting point of Greengate and N.O.M.A., two of Manchester's most active regeneration districts. This position places residents within walking distance of Deansgate, Victoria Station and the AO Arena, giving the development direct access to the city's main business, retail and cultural hubs.
For investors, this location strength supports consistent tenant demand from professionals working across Manchester's expanding business core, while the wider regeneration of the surrounding area continues to underpin long-term capital growth.
556 Apartments, Duplexes and Penthouses
Five Towers, One Waterhouse Club
Across five distinguished terracotta towers, Waterhouse Gardens brings together high-spec apartments with a shared amenity offering rarely seen at this scale in Manchester. The Waterhouse Club gives residents access to a swimming pool, spa, gym and sports courts, alongside co-working lounges, private dining suites and a cinema room.
This level of amenity provision is a key driver of tenant retention, helping investors reduce void periods and support stronger long-term rental performance.
30,000 sq ft of Retail and Dining
A Self-Sustaining Community
At ground level, Waterhouse Gardens includes over 30,000 sq ft of commercial space, home to boutique retail, eateries and offices. This creates a self-contained neighbourhood that adds everyday convenience for residents without needing to leave the development.
For investors, on-site commercial amenity strengthens the long-term appeal of the address, supporting both rental demand and resale value as the surrounding regeneration zone continues to mature.
