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Oxygen breathes fresh air into Manchester Property Market

6th September 2017 Print

Oxygen, Manchester, is set to breathe fresh air into the city's property market. It updates the concept of “urban village” by making use of the vertical space for accommodation and hence allowing residents to benefit from the close proximity of green space even though they are in a city.

A total of 357 homes set over 31 stories

The ground level of Oxygen, Manchester will comprise 12 luxury townhouses, above which there will be a total of 345 apartments with between one and three bedrooms. The basement level will be dedicated to car-parking space, although with so much within walking distance and excellent public transport facilities, many residents will be able to live very happily without a car. Prices start at £220K for one-bedroom apartments with the 12, three-bedroom townhouses being priced at £510K. This price becomes even more attractive when you consider that the apartments will offer hotel-standard facilities including a spa and gym.

Easy access to everything Manchester has to offer

Situated in the Piccadilly Basin, Piccadilly Garden is less than five minutes’ walk away, with Market Street, St Peter's Square Spinningfields and the Deansgate-Castlefield tram stop all being within 10 minutes’ walk. This last has a total of 4 lines running through it, of which one, the Eccles-Piccadilly Line, goes straight to Media City UK (a total of 7 stops including the start and end stops). 

There is a regular service and the journey takes around 15 minutes. The Eccles-Piccadilly Line also runs to Manchester Piccadilly railway station, as does the Altrincham-Piccadilly Line, which also goes through the Deansgate-Castlefield tram stop, although this station is so close to Oxygen that residents without heavy luggage could easily make their way there on foot. In addition to the tram and train services, there is an excellent local bus service plus Manchester has its own airport with regular services to Europe and beyond.

Appeal to a broad range of tenants

Manchester’s status as the focal point of the “Northern Powerhouse” initiative has seen its economy grow, which has stimulated demand in the housing market. In particular, it has encouraged many young adults either to stay in Manchester after their studies at one of the local universities, or even to move to Manchester to develop their careers and enjoy a more affordable lifestyle that would be available to them in the London area. 

This obviously creates demand for property investment in Manchester in the rental sector for and buy-to-let investors looking to service this demand are likely to be particularly interested in property which is not only in an attractive location, but also has the potential to appeal to a broad range of tenants. The fact that Oxygen has been created in the style of an urban village means that it can attract both those seeking the buzz of city life and those looking for somewhere a little quieter, but still convenient for both work and play. Its excellent transport links will appeal to those who want to “future-proof” their commuting options and its health and wellness facilities will be much appreciated by those with busy lives who simply want a convenient and private location in which to take care of their minds and bodies.

For more information on Oxygen Manchester, please contact Hopwood House.