X1 The Plaza nearly sold out

All of the flats within the £32m X1 The Plaza in Manchester’s Ancoats have sold within a month of being launched to the market, with five townhouses remaining available at the scheme, according to Knight Knox.

Made up of 196 one-, two- and three-bedroom apartments, in addition to seven three-bedroom townhouses, the £32m development in Great Ancoats Street will begin construction in January 2016, with completion expected in autumn 2017.

Amenities within the 152,573 sq ft scheme include secure bicycle storage, an on-site gym and private parking. Externally, residents will have a private landscaped courtyard, winter gardens, private balconies and garden terraces.

Knight Knox said that the sales at X1 The Plaza were the highest number of apartments in one development the property company has sold in such a time frame.

The development will be let and managed in its entirety by X1 Lettings, while Forrest Construction will act as contractor. DK Architects designed the project.

Other schemes in collaboration with X1 include X1 Media City, a four-phase development, and X1 Eastbank, a scheme comprising of 111 apartments located next to X1 The Plaza.  Both sites are currently under construction.

Michael Fenlon, sales director at Knight Knox, said: “Such successful sales of apartments in X1 The Plaza is a reflection of the confidence people have in Manchester as a place to invest. The Ancoats area in particular is set to undergo impressive regeneration and expansion over the next five years, and beyond, as the city’s population continues to rise.”

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By York Street

Strange the Townhouses haven’t sold.Why are people in Central Manchester so averse to living in a house?

By Elephant

Mostly sold to investors, so price.

By James

It is still the one stumbling block for Central Manchester,getting high income people with families to move back.The demographic of the city remains young professionals who move to Didsbury and Chorlton once they have children.Not sure how we can change this.We have no decent older housing stock like Liverpool which has the Georgian squares,so they have to be new properties.The ones that have been built so far have been very uninspiring and in areas with a bad reputation.

By Elephant

The HoUse properties sold well but why pay so much for such a small house, it’s obvious people would want to live in Didsbury and areas like that, people want a house in a quiet, leafy suburb with good tram links, I would too. I think the city centre should have high density homes, large apartments rather than houses. There are more families in Central Manchester than you think, although mostly European, I lived below a Spanish family and next to a German one.. Don’t forget the Georgian housing area of Liverpool was considered a bad area for a long time and still is by some, it’s certainly close to some awful areas, and it still isn’t exactly jam packed with families and there are a fair few students.

By Retep

Yes, probably the £250k price tag in an area where you can get an ex-council 3 bed house for £125k

By Jonty

The Georgian housing areas of Liverpool are a delight and a new village is emerging from Hope Street which is dramatic, inspiring and extremely cultured. With two amazing cathedrals, 5 theatres and studios, and the university on its doorstep this area is spreading out rapidly now both up the hill and back down towards the city. The more deprived areas nearby still have amazing architecture that spreads out for a couple of miles into too vast Grade 1 and Grade 2 listed parks. The Welsh church on Princes Boulevard now looks set for regeneration and it should be feasible to improve these areas longer term too as they are not bleak but environmentally exciting and quite beautiful really.

By Paul Blackburn (Chester)

Pomona would be a sensible place to build townhouses as it would give families access to Trafford’s education system, which people are prepared to pay higher (new build) house prices for. But that won’t happen.

By Gene Walker

There are no nice residential areas in Central Manchester.Someone suggested Pomona as a place and it is a good place.I have heard horror stories from people living in the barges on the canal.I know it isn’t very PC but the demographic in these areas leaves a lot to be desired.There is a lot of resentment too towards incomers.

By Elephant

City living isn’t for families, families want large houses with gardens and peace and quiet.. That’s what suburbs are for. Look at many of the Castlefield residents, they moan about any development, any outdoor concerts/ food markets, any bar openings, these people shouldn’t be in the city, Suburbs are not far away.

By Shakeel

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