Salboy breaks record for most expensive home ever sold in Manchester
One of the five penthouses in the 40-storey Viadux has sold for £3m, £300,000 more than the previous record, which was for a flat in CitySuites.
The three-bedroom property has become the most expensive ever sold in Manchester city centre. An unnamed UK buyer has snapped up the property.
The previous record was a £2.7m flat in CitySuites in Salford, which sold in 2017.
While Viadux holds the record for now, an apartment in another Salboy scheme, the 41-storey tower at St Michael’s, is on the market for £6m and could soon break the record again.
The £3m Viadux home is one of 370 in the building. Plans for a 76-storey, Nobu-branded skyscraper featuring a hotel and apartments are approved to be built next door.
Savills advised on the sale of the apartment.
Jamie Adam, head of the Northern new homes team at Savills, said the record-breaking deal is a result of a quality product, booming ppoulation, and low supply.
“This sale not only demonstrates the attraction of the luxury accommodation on offer at Viadux but also the resilience of the housing market in Manchester, despite challenging conditions.
“It is witnessing the impact that low supply and a rapidly increasing population can have on values, both from a rental and sales perspective.”
He added: “While we cannot ignore the effects that the higher interest rates had on the UK housing market, Manchester has set itself apart. The city has everything from apartments for first time buyers to family housing to ultra-exclusive branded residences. Factors such as low unemployment and a young and thriving student population have allowed the city to weather wider challenges.”
Only Edinburgh, outside London now has higher wages than Manchester. This is another landmark day for the city, as yesterday, it was announced that the city,and wider Greater Manchester area, had experienced the largest increase in productivity in the UK. This is what happens when places get proper investment in their infrastructure. Let’s hope that this new found economic success, continues, and this is a regular announcement.
By Elephant
Good to see all the ‘affordable housing’ being developed alongside these multi-million pound apartments!
By Digbuth O'Hooligan
Its nice to see someone speaking so positively about Manchester. All too often though it seems to be a smaller percentage of the cities population that’s doing so. Social media would lead you to believe it’s a sh## hole, personally I love the city and I appreciate its finer points to to mention its rapidly changing built environment but I do wonder why those people are often shouting to be heard?….
By Cristoforo
Must be mad to pay that sort of money to be perched on top of a pile.
By Anonymous
Can we have a place north west panel with most commented individuals but with voice modulated and just their silhouette. I’m think Elephant and Skyscraper Fan should be involved.
By 3D Chess Player
Peanuts compared to expensive homes in other cities. I recently sold a property in Dublin for £12.5 million
By Ballsbridge
I assume this is a record for the “city of” Manchester, the LA area, as there are dozens of properties more expensive than this (up to £8.5M) currently on Rightmove in “Greater” Manchester (yes, all in the southern end of Trafford!)
By Anonymous
Great news, there will be lots of jealousy and snipping in the comments but we want wealthy people here pushing the city to new levels. Well done to all involved and to the person successful enough to be able to purchase such a property. Now for the next record at the W
By Bob
Ha ha ha £3m for a city centre flat??.. no thanks.. if I had that sort of money, 6 bed mansion with a couple of acres of land in Cheshire and a villa abroad with pool in the sun ! each to their own though..
By Therealist
I’d much rather pay that for a penthouse in the city centre than a mansion in the middle of nowhere in Cheshire, with nothing around for miles except depressing drive-thrus. Imagine having a mansion and still having to do your shopping on a retail park – no thanks.
By Anonymous
@ballsbridge – key difference being Dublin is a capital city based in a tax haven. 12.5 million is also peanuts compared to flats in other European capitals
By Apples and pears
But will anyone ever permanently live in it? As distinct from occasionally visiting or renting it out.
By Bewildered Mancunian
Gross
By Spark
Anonymous who’s never been to Cheshire where there are numerous busy high streets with shops and restaurants
By Anonymous
Great observation from Elephant. The thing GM needs to watch out for is by growing faster that the UK average it’s not only creating more and better opportunities for its own people, but it becomes a much more attractive place for people in the rest of the UK to relocate to. Those people will typically have higher incomes and higher skills, which again is great for the city, but it amplifies the pressure on the housing market, but again that’s a huge opportunity for the outer boroughs if they can grab it. Places for Everyone won’t be enough.
By Rich X
Greater Manchester ain’t real, Altrincham is in Cheshire and always has been
By KC