CAPITAL&CENTRIC / Kamani Property Group / Hawkins\Brown
CAPITAL&CENTRIC and Kamani Property Group have this week confirmed the submission of plans for the new Swan Street community.
Social impact developer CAPITAL&CENTRIC – which recently featured in the BBC2 documentary Manctopia – has submitted a planning application for a £37 million scheme to create a new community in Manchester’s New Cross district in partnership with Kamani Property Group.
Located opposite the Mackie Mayor food hall and iconic Band on the Wall venue, the scheme will transform thesite on Swan Street – which CAPITAL&CENTRIC purchased with Kamani Property last year, and is currently home to two derelict buildings, once used as a MOT garage and a storage facility – into 118 new homes, with a mix of one, two and three bed design-led apartments.
There will be ground floor workspaces and spaces for local businesses to locate, such as a café-bar or deli.
A shared roof terrace and private roof terraces for residents are also planned, as the developers look to maximise outdoor space [and] with a striking design, it will also feature a huge 270m art canvas on the front of the building – which will be one of the largest in the city and will showcase local and international artists.
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Speaking on the plans for the new community, Tim Heatley – Co-Founder of CAPITAL&CENTRIC – said: “New Cross used to be a thriving location in the 18th and 19th century, and its due to have its day again. The area’s already attracting indie businesses and the same is going to happen with residents wanting to be part of the growing neighbourhood.
“As you’d probably expect from us, we’ve gone for a bold design with a huge art canvas on the building.
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“We want people to stop and look and for it to become a talking point. Architecture should be interesting and draw people in – we’re not interested in building a bland boring building”.
Adam Kamani – CEO of Kamani Property – said: “Manchester runs through our veins and we’re proud to be part of the New Cross district’s resurgence.
“The city centre has been through a tough and unprecedented year tackling COVID-19, but we’re looking forwards to the comeback and recovery. As a business we’re keen to play our part in helping Manchester to thrive again [and] the submission of our plans with CAPITAL&CENTRIC to breathe new life into an under-loved part of the city with boundless potential is a great way to kick off 2021.”
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Tom Dobson, Associate Director at Hawkins\Brown – the architects behind the scheme – said: “Swan Street is a fantastic opportunity to provide a new landmark destination with a layered architectural response, designed to offer a mixed use scheme of high-quality homes activated at ground level by commercial premises and enhanced public realm.”
The New Cross district is bound by Swan Street, Oldham Road, Rochdale Road, and Livesey Street.
In 2015, Manchester City Council approved a Neighbourhood Development Framework for New Cross to guide future development and create a vibrant new residential led neighbourhood, and the planning application submission by CAPITAL&CENTRIC and Kamani Property Group this week follows a public consultation, which was held during December.
A decision on the planning application is expected from Manchester City Council in the Spring.
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.”
Emily Sergeant -
15th January 2021 
