MANCHESTER · OFF-PLAN INVESTMENT

Peelers Yard

Manchester

A distinctive collection of apartments, mezzanines and duplexes in Manchester’s Ancoats neighbourhood.

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Available

£287,000Starting price

6%Projected yield

Q3 2027Completion

Overview

About Peelers Yard

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Peelers Yard is a boutique residential development in Ancoats, one of Manchester city centre’s most sought-after neighbourhoods. Centred around the site’s landmark heritage chimney, the scheme combines the character of historic Manchester with 82 contemporary apartments, mezzanines and duplexes designed to stand apart from the typical city-centre new build.

82 high-spec apartments, mezzanines and duplexes across 8 floors

1 and 2-bedroom homes , with private terraces available

Spacious layouts ranging from 491 to 1,104 sq ft

Integrated white goods and 10-year build warranty

Development features

Key development highlights

82 high-spec apartments
mezzanines and duplexes across 8 floors
1 and 2-bedroom homes
with private terraces available
Prices start from £287
000
Spacious layouts ranging from 491 to 1
104 sq ft
Resident amenity and dining space
communal courtyard
peak-hours concierge
parcel store and cycle storage
Just a 15% deposit payable on exchange
999-year lease with peppercorn £0 ground rent
Estimated completion Q3 2027
Located in Ancoats
surrounded by major regeneration across Victoria North
Piccadilly
Mayfield and the Manchester Digital Campus
27.6% forecast North West house price growth to 2030
alongside 12% forecast rental growth to 2030

Key information

The details, clearly explained

Development specifications

Apartments: 82
Building: 8 floors
Lease: 999 years
Property type: Apartment
Reference: ERE-UK-PEELERS-YARD

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A detailed look

Peelers Yard is a boutique residential development in Ancoats, one of Manchester city centre’s most sought-after neighbourhoods.

With spacious layouts, high-quality interiors and dedicated resident amenities, Peelers Yard has been designed with Manchester’s growing professional population in mind. Its location places residents within easy reach of Ancoats and the Northern Quarter, while also benefiting from billions of pounds of regeneration taking place across the surrounding city centre.

82 high-spec apartments, mezzanines and duplexes across 8 floors
1 and 2-bedroom homes, with private terraces available
Spacious layouts ranging from 491 to 1,104 sq ft
Resident amenity and dining space, communal courtyard, peak-hours concierge, parcel store and cycle storage
Integrated white goods and 10-year build warranty
Estimated completion Q3 2027
Located in Ancoats, surrounded by major regeneration across Victoria North, Piccadilly, Mayfield and the Manchester Digital Campus
27.6% forecast North West house price growth to 2030, alongside 12% forecast rental growth to 2030

Economy

Manchester is experiencing significant economic growth, positioning itself as a key player in the UK’s tech and creative sectors. The city’s focus on innovation draws businesses and professionals, boosting its appeal to investors.

In the decade to 2020, the Greater Manchester economy grew by 39% from £53.89bn GVA to £78.7bn GVA. It has also been one of the major UK city-regions driving job growth, 84% between 2002-2015, twice the rate of the north region. According to Oxford Economics, Manchester is set to see the highest rate of economic growth of all the major UK cities over the next five years with GVA growth of 16.4%.

Purchase & payment plan

Completion: See key figures

View purchase information +

Prices start from £287,000
Just a 15% deposit payable on exchange
999-year lease with peppercorn £0 ground rent

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Rental return estimate

Purchase price (£)Deposit (%)Annual rental income (£)

Cash deposit—

Estimated mortgage—

Gross rental yield—

Annual rent—

Illustrative only. Rental costs, finance charges and tax are not included.

Location and market

Understanding Manchester

Explore the local economy, regeneration, rental demand and transport connections before comparing opportunities in Manchester.

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Economy+

Urban regeneration+

From revitalising historic neighbourhoods to developing state-of-the-art residential complexes, billions of pounds worth of urban regeneration is enhancing the cityscape and the city’s appeal to property investors. The prospects for capital appreciation and rental growth are significant as these developments make the city even more desirable to live and work in. Notable regeneration schemes include MediaCityUK, a major entertainment and creative centre home to ITV and the BBC, and Spinningfields, Manchester’s new central business district home to major financial institutions including HSBC, RBS, and Deloitte. The latest is the £450m Upper Brook Street scheme, proving almost 2,000 student beds and more than 500,000 square feet of life sciences workspace.

Greater Manchester is undergoing a transformative wave of regeneration, with several high-profile projects reshaping its urban landscape. The Victoria North development is a cornerstone of this transformation, aiming to deliver 15,000 new homes across 155 hectares of brownfield land in northeast Manchester.

Housing demand+

Manchester’s thriving economy, excellent universities and unrivalled nightlife is drawing in a diverse mix of students and young professionals. This has led to a surge in demand for high quality city- centre housing, underpinning Manchester’s prospects as a property investment hotspot.

The city’s dynamic growth ensures that residential properties in Manchester are not just a place to live, but a valuable asset in any investment portfolio.

Connectivity+

Manchester has one of the best inter-city travel systems in the UK boasting an extensive network of trains, trams, and roads, ensuring seamless connectivity within the city and to the rest of the country.

Manchester Airport, one of the UK’s busiest international airports, opens the door to global investors and professionals, further elevating the city’s status as a prime investment location. It currently takes just 2 hours 12 minutes by train from Manchester Piccadilly to London and journey times are set to drop below 2 hours once HS2 is built.

Property intelligence

Everything investors ask about Peelers Yard

Clear answers based on the information currently available for this development, with practical points and related guides for deeper research.

Where is Peelers Yard located?

Peelers Yard is located in Ancoats, Manchester, within walking distance of Manchester Victoria and Piccadilly railway stations.

Ancoats is an established residential neighbourhood known for its creative culture, independent businesses, restaurants and industrial heritage. Peelers Yard benefits from its position within this vibrant district, with Manchester Victoria Station approximately a 10-minute walk away and Manchester Piccadilly Station approximately a 20-minute walk away. This location provides convenient access to public transport, the city’s employment hubs and its wider leisure and cultural offering.

What to consider

Located in Ancoats, Manchester.
Approximately 10 minutes’ walk to Manchester Victoria Station.
Approximately 20 minutes’ walk to Manchester Piccadilly Station.
Close to city-centre employment, dining and leisure destinations.

Why invest in Ancoats, Manchester?

Ancoats is a sought-after Manchester neighbourhood known for its industrial heritage, creative businesses, independent restaurants and strong city-centre appeal.

Ancoats has evolved into one of Manchester’s most recognisable residential districts, combining historic architecture with contemporary developments, independent businesses and a vibrant food and cultural scene. Its proximity to Manchester’s commercial centre and transport links makes it attractive to professionals seeking convenient urban living.

Manchester’s wider regeneration and economic activity provide a broader context for residential investment. Peelers Yard offers investors the opportunity to consider a property in this established neighbourhood, although future rental demand and capital growth will depend on market conditions and the specific property.

What to consider

Established and desirable residential neighbourhood.
Distinctive industrial heritage and creative culture.
Access to Manchester’s employment and transport networks.
Future investment performance is not guaranteed.

When will Peelers Yard be completed?

Peelers Yard is scheduled for completion in Q3 2027.

Peelers Yard is an upcoming residential development with an expected completion date in the third quarter of 2027. The development is planned to comprise 82 boutique apartments, supported by resident amenities and communal facilities. Buyers considering an off-plan purchase should confirm the anticipated completion date, payment schedule, construction progress and contractual provisions relating to delays with the sales team.

What to consider

Expected completion: Q3 2027.
82 planned residential apartments.
Off-plan buyers should review payment arrangements and contractual terms.
Completion dates can change.

What is an off-plan property?

An off-plan property is a property purchased before construction is complete, often using floor plans, designs and developer specifications to make the purchase decision.

Buying an off-plan property means purchasing a property before construction is complete, often using floor plans and developer specifications. It allows buyers to secure a new-build property ahead of completion, with payment arrangements varying by development. However, buyers should consider potential construction delays, market fluctuations and changes in projected rental returns before committing.

What to consider

An off-plan property is purchased before construction is complete.
Buyers can secure a property ahead of its expected completion date.
Payment arrangements vary by development and contract.

What is the lease length at Peelers Yard?

Peelers Yard is advertised with a 999-year lease.

A 999-year lease provides a long leasehold term, which may be attractive to buyers seeking long-term ownership. However, the lease length is only one part of the legal structure. Prospective buyers should review the lease documentation to understand service charges, ground rent provisions where applicable, maintenance responsibilities, restrictions on letting and any other obligations attached to ownership.

What to consider

Advertised 999-year lease.
Long leasehold term.
Review service charges and other lease obligations.
Obtain independent legal advice before purchase.

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