Destinations by LeadingRE talks with Willy Njoya, International Sales Manager for Detrafford, about No 1 Castlefield in Manchester, United Kingdom.
Tell us about this development’s location. No 1 Castlefield is ideally located in the heart of Manchester’s up-and-coming Castlefield district. Residents will have everything they need right on their doorstep.
Just minutes from the trendy, waterside bars, restaurants, and markets of the Bridgewater Canal District and a short walk to Deansgate Station and Cornbrook Metrolink, No 1 Castlefield is a gateway to the city and is the best Manchester has to offer. Castlefield is quite simply a haven at the heart of the city offering a more relaxed pace of life – but you can be sure that, when the bright lights of the city centre beckon, you will always be close at hand.
What can residents expect from the property? Each property is equipped with quality fittings and modern finishes. With large, sliding glass windows with breathtaking views all around, each resident can feel connected to the outside world. The complex is crowned with stunning rooftop houses that offer luxurious living and sweeping city views. It caters to a luxury lifestyle, with carefully designed internal space, formed with glass to allow a sense of the outdoors all year round – and, when the weather’s fine, sliding panels enable you to feel the sun on your face.
Are there other lifestyle amenities? Residents can discover the perfect balance of leisure and lifestyle with No 1 Castlefield’s fully-equipped, state-of-the-art residents’ gym. After sweating it out, head to the 12th floor Sky Lounge to marvel at expansive views of Machester’s skyline. Offering uniquely luxurious properties at the heart of the city, No 1 Castlefield exudes urban comfort and contemporary living. The scheme also allows for 138 underground parking spaces, with commercial units providing active street frontages.
What has the market response been for No 1 Castlefield? It has been very well received, as it encompasses both a good price and an amazing concept, as well as quality. With its central location, it is easy to be rented, with an entry price below current market price and the potential to appreciate, with the yield estimated to be at 6.5%.
Are you seeing activity from international investors? Yes, we have sold to 120 different nationalities. So far, the big hubs are the APAC region (with Hong Kong and Singapore at the forefront); the Gulf countries (Saudi, UAE, Qatar); and former African British Colonies (South Africa, Ghana, Nigeria). We are quite flexible on the down payment and accept it to be paid on instalment, which is appealing.
Number of properties: 419
Project completion date: Q1 2024
Starting price: GBP 330000
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