Stockport asked to ‘join the conversation’ as CAPITAL&CENTRIC launches consultation on iconic Weir Mill
Locals are being asked to give their opinion on the project - which will see the creation of 250 new homes, as well as independent shops and green space.
Social impact developer CAPITAL&CENTRIC has launched consultation on its £60m plans to transform Weir Mill in Stockport into a thriving new mixed-use community.
Local residents are now being asked for their feedback on the proposal – which includes the construction of 250 new homes, modern riverside frontage, spaces for independent traders (such as café-bars, delis or shops) and surrounding courtyards and green spaces.
CAPITAL&CENTRIC announced the regeneration plans in May – hoping to bring a new lease of life to the waterfront with shops open to all members of the public.
Weir Mill began life as a water-powered cotton works in the late 18th century and remains a treasured part of Stockport town centre – with its original water wheelhouse and mill building still standing today.
Adam Higgins, co-founder of CAPITAL&CENTRIC said: “Weir Mill is an enduring icon of Stockport’s industrial past, which even inspired local artist LS Lowry. But many of the buildings are now in a pretty bad state so we have to find a viable long term use for them or risk losing them forever.
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“Our plan is to create a thriving new town centre community, where incredible places to live sit alongside green spaces and amenities looking out across the river.
“This isn’t just going to be a development for the people that live there, we’re creating a quiet space in the town centre where you can grab a coffee and sit by the water surrounded by some of Stockport’s best historic architecture.
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“We want to know what you’d like to see there. This could be café-bars, delis or independent shops but we’re open to ideas. So, join the conversation and tell us what you think!”
COVID-19 restrictions means public meetings aren’t possible. However, CAPITAL&CENTRIC have been engaging with the community by other means including:
Sending a newsletter to nearly 5000 households and businesses in the area with a tear-off questionnaire
Encouraging feedback via phone on 0800 689 1095 or email: [email protected]
Welcoming comments on social media: @CapitalCentric
This first stage of consultation closes on 14 August.
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Feedback will be used to help shape the plans with a further stage of consultation after summer.
A planning application is likely to be submitted to the local council by the end of the year.
Famed for innovative design and ambitious regeneration projects, CAPITAL&CENTRIC has made its first foray into Stockport with Weir Mill – a key part of the Mayoral Development Corporation’s (MDC’s) big plan for the town centre.
The Weir Mill site will sit adjacent to a new £120m transport interchange, being backed by £7m of Housing Infrastructure Fund money from Homes England.
Stockport Council Leader, Councillor Elise Wilson said: “It’s great to see the plans for Weir Mill moving forward and I’d encourage local people to get involved in the consultation.
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“CAPITAL&CENTRIC are known for their focus on creating communities so this is an opportunity for local people to come together with the developer to create something really special.
“Weir Mill will really set the scene for our ambitious plans for Town Centre West and encourage more people to visit and live in the town centre. I look forward to seeing the plans as they develop.”
Lord Bob Kerslake, Chair of the MDC, said the development could “set a new standard for town centre living.”
“It’s vital that we set the bar high and create something that local people can engage with and be proud of,” he added.
“CAPITAL&CENTRIC’s track record of ambitious, high-quality development makes them the ideal developer for this historic site and it’s great to see developers continuing to back Stockport as we look to Build Back Better.”
Learn more about CAPITAL&CENTRIC 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 -
27th July 2020 
