Prices from £185,000Learn more
Join CityClub Today to Receive:
What is Ancoats?
Ancoats is a district of Manchester known as one of the UK’s leading creative hubs. In the past 30 years, the area has undergone huge regeneration, becoming a leading area in Manchester for young professionals and local businesses. Now Ancoats is undergoing further regeneration to create higher-quality homes, better public spaces, and strong connectivity.
For investors, this makes Ancoats one of the most exciting areas in Manchester to invest in right now. Average property prices in Ancoats are around £266,982, a huge annual increase from £259,584. This is a result of the swift and effective developments in the area. A huge focus of the previous project has been building local infrastructure, with businesses, amenities, and residents.
Ancoats Mobility Hub is a £37 million project designed to improve connectivity in Manchester. The project has been dubbed the ‘first UK mobility hub’ and will look to accommodate a variety of sustainable vehicles. Additionally, the project will add different units for cafes, commercial spaces and over 1300 sqm of greenery. This is a move towards Manchester’s target of net zero carbon emissions by 2038.
The scheme is aiming to take cars off of the road and prioritise the usage of sustainable transport in the city such as bikes and electric vehicles. Furthermore, the space is a way for Ancoats to build an infrastructure for expansion, with the area becoming increasingly popular. This will provide the groundwork for other regeneration projects, focusing on housing, quality of life and top-class amenities.
The hub will include:
After gaining £32.7 million of funding for the project, Ancoats will be introducing Ancoats Green. Manchester city council has dubbed this the new ‘Green Heart’ of Ancoats, improving connectivity and acting as a central hub to the area. This includes improved cycling and walking routes, as well as a huge increase in greenery.
Improvements to greenery include;
The investment has been described as highly sustainable with 32% of new surfaces made from reclaimed materials, which will create a sustainable drainage system. Furthermore, the project aims to celebrate Ancoats’ heritage of glass bottle manufacturing by incorporating references to this in the design of the park. For young residents and families, the area will include a new public play area.
Ancoats will be introducing three new developments between Ancoats Green and Rochdale River. This includes over 350 new apartments, 23 townhouses, and 11,800 sqft of commercial spaces. Additionally, the residential developments will attract new amenities including gyms, cafes, and shops to the area. This is spread across three different development sites and will draw inspiration from local architecture to celebrate the heritage of the area.
As the developments are in close proximity, Manchester City Council is planning to create new communal areas and event spaces. The aim of the developments is to create a friendly community feeling in Ancoats, where collaboration is encouraged. This will be achieved through the use of public spaces and events in the area. For investors, local infrastructure is a great way to improve retention in the area, meaning tenants are willing to stay in the area for longer.
Best Cities in Yorkshire for Property Investment
We have already established Yorkshire as a prime investment spot for property with fantastic capital growth potential. From its skilled sectors and...
House Prices 2024 | UK Property Market Outlook
In Zoopla’s UK property market outlook, house prices in 2024 will continue to drop to adjust to mortgage rates. However, if mortgage rates...
Best Rental Yields UK
Rental yields help investors decide whether a property is profitable. It is calculated as a percentage and is determined by the cost of the property...
Why Invest in Yorkshire Property?
Yorkshire offers more than just idyllic countryside. It has seen substantial growth in recent years and has become one of the most sought-after...