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October 28, 2025

UK Property Market / Manchester

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On the south side of Manchester’s city centre, only a quarter of a mile from Piccadilly Station, is the site of one of the city’s most exciting regeneration projects. What used to be a four-platform train station, used to alleviate overcrowding from, at the time called, London Road Station – now, it’s home to the city centre’s largest park, with a decade-long regeneration plan to follow. 

Aiming to give a new lease of life to the site that has sat derelict since the 1980’s, the Mayfield Strategic Framework includes plans for new homes, offices, retail and eateries, and of course the 6.5 acre park with the gorgeous River Medlock running through.

Mayfield Park

The first phase to begin and complete within the framework, it officially opened on 22nd September 2022 – the first new park to open in the city in over 100 years. It features 2.6 hectares of greenery, 58 species of trees, a children’s playground with 6 slides, and sits on the banks of River Medlock. One additional section of this was revealed after 50 years during construction, when concrete culverts were removed. Some of the original steel beams have even been retained to create the base of a new bridge over the river. 

The park will even be a part of CyanLines, a new series of walkways covering more than 100 miles throughout Manchester. The Eastern Loop will begin at Kampus, leading through Ancoats and Holt Town, before finishing the 6.5km route at Manchester Piccadilly Station. 

The focus of the park is very much on eco efficiency; more than 230 tonnes of CO2 were saved during construction, using reuse methods and utilising Victorian wells and hogback beam structures found on the site. 

Since the park opened, it’s seen huge success in welcoming wildlife back into the area – Kingfishers, Brown Trout, and Wagtails have returned to the once derelict area, and are spotted there regularly. 

The next phase of the plans will include the first commercial buildings, two office blocks and a new transport hub. Construction on this began in 2025. In total, we’ll see 1,500 new homes, one million square meters of office space, a 650-bedroom hotel, and retail and leisure facilities, along with the new park.

As an ode to its history, the original Mayfield Station, depot, and railway arches will form the framework for the site, where the thriving new community will be created. 

 

Investment in Regeneration Areas

Regeneration in a city, especially one like Manchester, plays a huge role in the potential of property investments. Although Manchester is one of the most popular destinations right now, it’s only a small city – one seventh of the size of Zone 1 London. This means there is some serious growth needed to keep up with demand. 

And that’s exactly what regeneration projects bring, providing new homes along with spaces that tenants actually want – greenery, amenities, and community. Including efficient and reliable transport stations helps to link the areas to the already established city centre neighbourhoods, essentially expanding the city centre.

Regeneration zones attract a high number of potential tenants, due to the focus on liveability, and adhering to current needs and trends. But capital appreciation is where they really stand out. Property prices in these areas consistently outshine the other local neighbourhoods. 

Take, for example, the regeneration of Paddington in London in 2004 – properties within the regeneration area had a 5.8% premium in price rises compared to the rest of the borough. In a report by CBRE, 11 boroughs with regeneration zones were studied, all of which showed property prices rising considerably more when within a 10 minute walk of the regeneration area.

 

Start Your Journey


If you’re interested in investing in property near to the Mayfield Regeneration, or other projects going on in Manchester, contact us at Orlando Reid Invest to find out more about our opportunities.