Research from social impact developer CAPITAL&CENTRIC has shown that less than 2 per cent of the Manchester residential market is prioritising sales to owner-occupiers.
Examining new build homes on the market in Manchester city centre for £250,000 and under (via Rightmove in May 2020) CAPITAL&CENTRIC uncovered that 76 per cent were aimed at investors.
47 per cent of homes for sale appeared to be marketed primarily at investors, focusing on promoting predicted yields on investment.
A further 29 per cent were targeted solely at investors, requiring hefty deposits and in many cases specifying “buy-to-let” or “investors” only.
Just four developments in the city centre were aimed at owner-occupiers only.
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Two of those were CAPITAL&CENTRIC’s CRUSADER and PHOENIX on Chapeltown Street in Piccadilly East.
CAPITAL&CENTRIC
CAPITAL&CENTRIC previously made headlines for creating an owner-occupier community and banning investors when it launched Crusader Mill in 2017.
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Their research arrives as the developer nears completion on the Phoenix development next door – which is also reserved for owner occupiers.
Adam Higgins, co-founder of CAPITAL&CENTRIC said: “For us, banning investors has always been about creating a proper owner occupier community, where you can set down roots and get to know your neighbours. That desire to be part of a community has never been stronger as we’ve all come together in the face of coronavirus.
“Since lockdown we’ve seen loads of interest from people, especially first-time buyers, who want to live alongside other owner occupiers.
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“This research shows that many other would be buyers are still missing out to investors who are often buying up flats they’ll never visit, seeing them as investments rather than homes and either being an absent landlord or leaving them pristine and empty until the time comes to sell.
“Locals living in these flats, have bugger all chance of getting to know their neighbours, if they have any at all!”
CAPITAL&CENTRIC
Phoenix residents will be the first to move into the emerging Piccadilly East neighbourhood – recently named by The Times as one of the next greatest places to live – when the development completes in August.
The one and two bed apartments, designed by shedkm, are on average 35% larger than other properties in Manchester – another feature that has attracted buyers during lockdown.
Over half will have spacious balconies, with residents being able to access roof gardens and a dog-friendly green courtyard with fire pits and barbecues.
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Adam continued: “Most of us have had a lot more time at home over the last few months and buyers just won’t put up with poky, identikit apartments anymore.
“They want bigger rooms and outdoor space in a place that feels like home.”
PHOENIX is available with Help to Buy with prices starting at £195,000.
To find out more or book a viewing at PHOENIX, head over to the official website.
Property
Council calls on Manchester public to help bring hundreds of empty homes back into use
Emily Sergeant
Residents across Manchester are being called on to help bring hundreds of empty homes across the region back into use.
Since the beginning of this year, a major review has been underway around the city’s draft strategy for bringing empty homes back into use to help meet demand for affordable homes across the city, while also improving communities by tackling empty homes that can blight an area… but now, Manchester City Council needs your help.
Following a major public consultation, the Council is now acting on feedback to accelerate plans to bring as many long-term empty homes back into active use as possible.
Although the number of long-term empty homes in Manchester is near a historic low, with the Council having managed to reduce the number by more than half since 2013, there is still more work to be done.
“Every void property is a missed opportunity to provide a family a place to live, reduce homelessness, and lessen the burden on temporary accommodation,” the Council said in a statement.
The Council is calling on the Manchester public to help bring hundreds of empty homes back into use / Credit: Benjamin Elliott (via Unsplash)
So, how can residents help then? What do you need to do if you spot an empty home on a street nearby?
Well, the easiest way to report an empty home is to report the issue online here, or by emailing [email protected]. And then once that’s done, a team of dedicated empty homes officers will take up the case to find out who owns the property and work with the owner on a plan to bring the home back into use.
The vast number of empty homes are privately owned with complex histories, and there are some cases where an owner may have passed away.
While working collaboratively with housing providers, voluntary organisations and public services are also a key element of detecting potentially empty or ‘problematic’ homes to repurpose them.
Officers can also support, where required, if a communication or language poses a barrier to resolving an empty home issue.
Tailored approaches to different communities – where empty homes impact neighbourhoods in different ways – are also being considered, according to the Council.
“To think, if we could bring all empty homes back into use, then we could provide more homes for those on the housing register and take pressure off the whole housing system,” explained Cllr Gavin White, who is Manchester City Council’s executive member for housing and development.
“The potential of making empty homes a thing of the past is huge for Manchester families looking for a place to call home – and a significant part of tackling the housing crisis.”
Featured Image – Wikimedia Commons
Property
Much-loved Manc music shop Tasty Records goes up for sale as owners calls on next custodians to take over local favourite
Danny Jones
Much-loved Greater Manchester record and music store Tasty Records has officially closed, and the current custodian is putting the Trafford institution up for sale in hopes that someone will take over as worthy successors.
What an opportunity for any budding entrepreneurs.
The Alty record shop in its current brick-and-mortar form has stood for some time now, but popular owner Ben Molesworth has been selling physical media from 2012 onwards, and now his time at the helm of the hailed south Manchester spot has come to a somewhat bittersweet end.
A bit of a local legend with regulars who frequent and flick through his coveted vinyl collection, not just on Record Store Day but throughout the year, the area will be sad to see him go – and so will we – but it doesn’t mean this has to be the end.
“The shop deserves more than I can give it, and I have sold records in Altrincham for 14 years”, he explains, before going on to add that “It’s time for me to concentrate on different things.
“What happens now?” he continues, “Keep following! I’m not sure yet. I have closed the doors, but everything is still there… A busy website, Discogs, socials, a strong set of accounts and £ks of great vinyl stock.”
You’d think with a sales pitch like that, it would be a no-brainer for audiophiles who’ve ever dreamt of spending their days cataloguing their favourite tunes and artists, whilst providing a still criminally unsung public service: delivering printed music to the masses.
With more than a decade and a half of experience to his name, we’re sure Ben has plenty of wisdom to impart about how to take good care of his baby moving forward – he just needs some to set up to the plate/turntable.
As saturated as the Manc music market and record store scene is, it was also comfortably on this list pretty much since day one.
All that being said, part of the challenge for any independent business is getting the word out, hence why we thought we’d help do our bit by shouting about it.
He signed off by adding: “Thank you to all of my wonderful customers, friends and supporters. Tasty Recordsisn’t dead, only sleeping. Lots of love, Ben.”
For anyone who might fancy taking over this “awesome little record shop” (his words AND ours), you can express your interest/table an offer over email via [email protected].
What an honour it would be to carry on this place’s legacy – here’s hoping someone takes up the mantle soon.
The Manc -
14th July 2020 
