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Crown View - Manchester | Holmes Properties

Writer's picture: Holmes Properties And REITHolmes Properties And REIT

Victoria Riverside- a landmark project for Manchester.

Crown View will be the tallest and most prestigious tower in the development.

prices for this development are set to increase by 2% on the 3th of June.



Unit recommendations- All are 2-bed 2-bath corner units so are perfect for sharers, and corner units are always extremely popular with tenants and on the re-sale market.


Plot: 07-008

Number Of Bedrooms: 2

Floor Level: 7

Size: 766 Sq Ft

Service Charge: £2,666 PA

Ground Rent: Peppercorn

Neighbourhood Charge: Two-bed - £150 PA


Views from this unit- Angel Meadow park and south facing unit so will have excellent natural lighting:


Price & Returns

Price: £355,250

Rental Income, Monthly: £1,800 PCM

Rental Income, Annually: £21,600 PA

Gross Yield: 6.08%

Net Yield: 5.29%


Payment Plan

Reservation Fee (refunded on exchange): £2,000

Exchange Payment of 10%, (28 days from reservation): £35,525

Staged Payment (of 10%): £35,525 due 12 months following exchange

Completion Payment: £284,200

Estimated completion Q1 2025



Plot: 14-001

Number Of Bedrooms: 2

Floor Level: 14

Size: 757 Sq Ft

Service Charge: £2,634 PA

Ground Rent: Peppercorn

Neighbourhood Charge: Two-bed - £150 PA

View from this unit- city centre skyline and city river park off to the right:


Price & Returns

Price: £367,000

Rental Income, Monthly: £1,875 PCM

Rental Income, Annually: £22,500 PA

Gross Yield: 6.13%

Net Yield: 5.37%


Payment Plan

Reservation Fee (refunded on exchange): £3,500

Exchange Payment of 10%, (28 days from reservation): £36,700

Staged Payment (of 10%): £36,700 due 12 months following exchange

Completion Payment: £293,600.00





Plot: 25-004

Number Of Bedrooms: 2

Floor Level: 25

Size: 791 Sq Ft

Service Charge: £2,753 PA

Ground Rent: Peppercorn

Neighbourhood Charge: Two-bed - £150 PA

Views from this unit- will have views over the new City River park which will be completed before Crown View's completion date, as well as over all the Victoria North regeneration:


Price & Returns

Price: £386,750

Rental Income, Monthly: £1,950 PCM

Rental Income, Annually: £23,400 PA

Gross Yield: 6.05%

Net Yield: 5.30%


Payment Plan

Reservation Fee (refunded on exchange): £2,000

Exchange Payment of 10%, (28 days from reservation): £38,675

Staged Payment (of 10%): £38,675 due 12 months following exchange

Completion Payment: £309,400




Development Key Points:


- Only 10% down at exchange- best payment plan in Manchester


- All funds held in escrow- no risk


- Developer listed on the HK Stock Exchange worth $5.5 billion and excellent track record. Developer is cash rich, no investor's funds needed for the build.


- Phase 1 of the UK's largest regeneration project


- City Centre location


- 115-acre park being built directly opposite with riverside walkways- this will be completed before Crown View which will be a massive selling point to tenants due to the lack of green space in the city centre


- The developer has partnered with Manchester City Council, so has great local backing and shows that the council have an invested interest in the area. They have done this to help with the housing crisis.


- 5-star luxury living with high-end amenities


- Incredible value - huge scope for future capital appreciation as the prices are still at pre-launch. As you know, these are set to rise by 2% on the 29th.


- High yields and capital growth prospects


- Unique design- every unit has a corner aspect due to the large picture-frame windows




The Developer - The Far East Consortium


Far East Consortium are globally renowned with over 45 years of experience. They are the biggest developer in the city, listed at £5.5bn market cap on the HK stock exchange, and are cash rich. This is good for the investor as that means the developer doesn't need any of the investor's money for the build, it is fully funded which mitigates risk.



Capital Growth Prospects


Among the many features of the masterplan are 15,000 homes, new schools, transportation links, healthcare, and a new 115-acre City River Park. In Phase 1, apartments are priced at levels that will be unheard of in future phases of the masterplan, when higher prices will be introduced- as you know, the prices are already set to increase at the end of this month. This means you currently have the opportunity to get in at the very initial pricing at Crown View. No investor has ever lost money when buying at the very start of a development like this. The pricing, coupled with the regeneration occurring over the next 10/15 years all points to incredible capital growth prospects.


Read more about the Victoria North regeneration here: https://victorianorth.co.uk/


Why invest in Manchester?


Economic Growth: Manchester has experienced significant economic growth over the past decade. It is a thriving business and financial hub, with a diverse range of industries including finance, media, technology, and healthcare. The city boasts a strong job market, with 80% of the FTSE 100 residing in the city, and a growing population, which drives demand for housing and rental properties. The latest UK Tech Cities report by real estate advisor CBRE confirms that Manchester has retained its number one spot as the leading tech location, outside London.



Regeneration and Infrastructure: Manchester has undergone extensive regeneration projects, transforming former industrial areas into modern residential and commercial spaces. The city's infrastructure has been greatly improved with new transport links, including the expansion of Manchester Airport and the development of the Metrolink tram system. These initiatives enhance connectivity and attract businesses and residents to the area. Manchester has one of the best-connected metro lines in Europe.



Education and Student Population: Manchester is home to several prestigious universities, including the University of Manchester, Manchester Metropolitan University, and the Royal Northern College of Music. This concentration of higher education institutions has resulted in a large student population. Manchester has the second highest graduate retention rate in the UK.



Cultural and Sporting Hub: Manchester has a vibrant cultural scene, with numerous art galleries, museums, music venues, and theaters. It is also known for its sports culture, being the home of two prominent football clubs, Manchester United and Manchester City. These factors contribute to the city's appeal and draw people from all over the UK and beyond.



Demand and Rental Yields: The combination of economic growth, population increase, and a strong rental market creates a high demand for rental properties in Manchester. This demand, along with the relatively affordable property prices, leads to attractive yields and capital growth prospects.


Construction updates:


Next Steps to reserve a unit


1) Sign the DigiSign reservation document and pay the £2,000 reservation fee to put the unit on hold for 3 working days. We will need proof of transfer once sent so we can check it has landed in the developer's account.



2) Send over an official ID document and proof of address document dated within the last 3 months to officially take the unit off the market.






Hopefully this email has given you a good understanding of the development and Manchester in general. If you have any questions, please don't hesitate to send them across.


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