Manchester-based developer Salboy is predicting huge demand when apartments at their 40-storey residential tower Viadux go on sale next month.
Despite the impacts of COVID-19, Salboy’s Simon Ismail says inquiries for off-plan investments are continuing to generate interest from within the UK as well as overseas.
Publishing new images of the project, the director commented: “Viadux will be Manchester’s premier address, in the heart of the city, close to the historic Civic Quarter and with great transport connections.
“The demand for ultra-high quality living in the best city centre locations continues, and for so many reasons Manchester continues to be the choice within the UK for both investors and people buying to live.
“Rural properties may be back on the agenda but we are seeing the opposite. People are still wanting to buy and live in Manchester and be part of the city’s growth and success.
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“This is a long -term investment in Manchester and from the level of inquiries we know many people are very confident in what Manchester will look like in four years’ time.”
Situated next to Manchester Central Convention Centre, Viadux will offer generous living spaces, luxurious finishes and state of the art technology – all surrounded by beautiful private gardens.
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Residents will also enjoy a range of lifestyle amenities including a fully-equipped gym, separate yoga studio and cinema with tiered seating.
There are also plans to expand the amenity offering into the Grade II viaducts offering unique spaces to relax and socialise alongside new independent retail and coffee shops on adjacent to the main entrance on Great Bridgewater Street.
The first phase release will see one, two bedroom apartments and penthouses up for purchase – handled directly by Salboy’s in-house sales team.
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Prices for a one-bedroom 546 sq ft apartment start at £265,000 with two bedrooms available from £350,000.
The first phase of Viadux units will be launched on 8 August 2020.
Construction is scheduled to take four years – with Salboy’s construction partner Domis already on site undertaking preparatory works alongside an archaeological dig.
Simon added: “The process is simple and buyers will be dealing with Salboy all the way through.
“Working alongside Domis we have a strong track record of delivering high quality residential projects on time and on budget and our pledge at Viadux is to create world class homes for people to enjoy working and living in the city.”
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In June, a planning application for £1m of landscaping and access was submitted to Manchester City Council – which will see a new glass lift and staircase linking directly to the nearby Deansgate-Castlefield Metrolink stop.
Learn more about Salboy developments by visiting their website.
Property
Top 10 cheapest UK areas for first time buyers revealed – and two are only an hour from Manchester
Emily Sergeant
The 10 cheapest areas to buy your first house in the UK have been revealed, and two are only an hour away from Manchester.
After it was revealed that more than 70,000 home buyers across England are estimated to have missed the stamp duty relief deadline, which means that they’ll now be required to fork out thousands of pounds extra as of yesterday (1 April), the cheapest places to get your foot on the property ladder in 2025 have now been named.
While the end of the stamp duty relief will mostly affect those who had already previously purchased properties, first time buyers are sadly not exempt, as their current stamp duty threshold of £425,000 has now fallen back to £300,000.
So if you’re looking to buy your first home, this is a list to keep a close eye on.
The top 10 cheapest UK areas for first time buyers have been revealed / Credit: Pavel Danilyuk (via Pexels)
Property platform Rightmove has crunched the numbers and come up with a top 10 list for those on a budget and considering lower-priced areas they can move to, with the Scottish town of Kilmarnock in Ayrshire being named the cheapest area for a first time buyer to get onto the property ladder, as the average asking price for a typical first time buyer-type home here is just over £84,000.
Scotland keeps on pulling through, as the twon of Greenock in Inverclyde is second on the list, with an average asking price of £88,862, followed by Grimsby in third at £93,427.
As far as the North West is concerned, no residential areas in Greater Manchester have made the cut this time around, but the region’s two representatives on the list are only around an hour away from Manchester.
Top 10 cheapest UK areas for first time buyers
Kilmarnock – £84,325
Greenock – £88,862
Grimsby – £93,427
Blackpool – £93,711
Middlesbrough – £95,473
Hartlepool £99,525
Paisley – £99,570
East Killbride – £100,814
Ayr – £101,391
Burnley – £102,848
You’ll have to cross over the border into Lancashire if you’re looking for a budget-friendly first time home, as Blackpool takes the fourth spot on the list, with an average price of £93,711, and Burnley also makes an appearance at number 10 with an average price of £102,848.
The North overall is pretty well-represented, with other towns and cities such as Middlesbrough and Hartlepool featuring in the top 10, but according to the data, Scotland is by far the cheapest country to get on the property ladder in the UK.
Paisley, East Killbride, and Ayr also find themselves on the list lower down, as well as the two aforementioned Scottish towns in first and second place.
Experts at Rightmove explained that wage growth has unfortunately ‘outpaced’ the rise in average asking prices for first time buyer homes in the last five years, so while this has slightly increased the mortgage borrowing power of first time buyers, affordability is still said to remains ‘very stretched’ overall.
Featured Image – Benjamin Elliott (via Unsplash)
Property
More than 70,000 home buyers set to pay thousands after missing stamp duty relief deadline
Emily Sergeant
More than 70,000 home buyers across England are estimated to have missed the stamp duty relief deadline.
This sadly means they’ll be required to fork out thousands of pounds extra.
In case you hadn’t heard, up until yesterday (31 March 2025), anyone who was moving and had bought a home in the past was not required to pay Stamp Duty Land Tax, better-known as just stamp duty, on the portion of the property price up to £250,000.
But from today (1 April), this threshold has now fallen back to £125,000, which unfortunately means that property purchasers are facing an extra £2,500 in moving costs, on average.
While the end of the stamp duty relief will mostly affect those Greater Manchester buyers who had already previously purchased properties, first time buyers are sadly not exempt from the deadline changes too, as their current stamp duty threshold of £425,000 has now fallen back to £300,000 as of today.
Person holding the keys to a new house in their hand / Credit: Maria Ziegler (via Unsplash)
Given that the average property price for a first time buyer-type home is currently around £227,965, according to Rightmove, the new £300,000 threshold may hit those purchasing properties in more expensive areas – particularly the South East.
A third of those estimated 70,000 home buyers who have missed the deadline are thought to be first time buyers.
Leading property platform Rightmove published an analysis in February into just how much of an impact the end of the stamp duty relief would have on home buyers, all while calling on the UK Government to announce a short extension to the deadline to help people in the middle of the property purchasing process avoid potentially thousands of pounds in extra moving costs.
But despite these calls from industry leaders, there was no extension to the deadline announced in the last week’s latest Spring Statement.
“It’s extremely disappointing that the Government has not used the Spring Statement as an opportunity to extend the impending stamp duty deadline for those currently going through the home-moving process,” commented Rightmove’s property expert Colleen Babcock.
“We estimate over 70,000 people are going to miss the deadline and complete in April instead, and a third of those are first time buyers.”
The Manc -
29th July 2020 
