House prices in the North West have more than trebled over the past 20 years
In 1999, the average house price in the North West was just over £50,000. Twenty years later, the typical cost for a house in the region was around £164,000.
House prices in the North West have skyrocketed over the past two decades, new data has shown.
Estate agent Coulters Property reported the findings after conducting research on the changing landscape for first-time buyers.
Coulters also found that whilst property costs have risen sharply; earnings have lagged behind.
In 1999, the average house price in the North West was just over £50,000. Twenty years later, the typical cost for a house in the region was around £164,000.
During the same time period, average salaries rose from £16,000 to just £28,000.
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Mike Fitzgerald, Coulters Executive Chairman, said the stats reflected modern disparity between personal income and property prices.
“Although being a first-time buyer is exciting, over recent years, the affordability gap has stretched and continued to do so every year, making it difficult to make the first step onto the property ladder,” he commented.
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“In these uncertain times, these inequalities have been made much more apparent.
“There’s no questioning that wages have increased with the rate of inflation, but have they increased enough? Despite recent schemes such as Help to Buy or part-ownership, house prices are expected to increase, with the possibility of a 15% increase over the next five years or so.”
However, despite the deflating data, Mr. Fitzgerald emphasised that support was available for first-time buyers in Britain.
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“It’s important to seek all the information you can when considering getting a foot on the property ladder and not let the numbers put you off,” he explained.
“There is so much support and often a price bracket to meet first-time buyers’ needs.”
Mr. Fitzgerald continued: “Capital returns on property are traditionally strong, but like all investments the returns need to be measured over a sufficiently long period of time to flatten out short term spikes and dips in values.
“If done sensibly the outcome and rewards are certainly worth it, not only in financial terms but also in the pleasure that home ownership can bring.”
Local Bolton schoolkids chosen to select street names in new neighbourhood
Danny Jones
Some local schoolkids from Bolton are among the lucky few to be chosen for a great honour: to be the people responsible for selecting the street names for a brand new neighbourhood.
That’s definitely something to tell their little ones and grandchildren someday.
For anyone from the Bolton area, you may have heard of the new development popping up over in Little Lever, a burgeoning suburban area not too far away from Moses Gate Country Park.
Carrying on the ‘Creams Mill’ moniker as a whole, a group of students from nearby Mytham Primary School have further been entrusted with naming the next leafy chapter of village life.
Credit: Watson (press shots)
Picking a handful of pupils from members of the school council, who have clearly already shown plenty of initiative and interest in extracurricular activities, property firm Watson Homes first visited the school back in 2023 to allow some young minds to take part in an exciting competition.
Known as ‘The Change Makers’ in Mytham Primary, not only did they find out more about the brownfield plot, but also more about the site’s surrounding history, including its rich industrial heritage, the significance of the canal corridor in the wider context of Greater Manchester and more.
Having then been inspired by everything from the waterways to the native wildlife, names were thrown into the mix; now, more than two years later, eight of those bright-eyed pupils and some of their teachers were invited back for a mini grand opening of their own.
Getting to see the road signs unveiled for the first time – Woodpecker Road, Deer Lane, Owl Lane, Dragonfly Court, Middle Bents Lane, and Bally Close – as well as putting the finishing touches on other things like hedgehog pathways and birdboxes. Cute.
They even got to name three apartment buildings within Creams Mill, which have now been dubbed Davenport House, Fletcher House, and Waterway House. Such a cool experience for these youngsters.
Honestly, how wholesome is this?
Credit: Supplied
The Manchester-based affordable housing firm’s director, Mike Watson, said in a statement: “It has been incredibly rewarding to see the pupils of Mytham Primary return to the site and see their ideas become part of the streets they helped to imagine.
“This project started with conversations in a classroom and is now taking shape on the ground – from the new homes rising across the site to the restoration of the canal.
“This is a development that genuinely reflects Little Lever’s heritage and future ambitions, and is a powerful example of how regeneration is rooted in community pride as well as bricks and mortar.”
We think we speak for everyone when we say this is the kind of work in the community that we’d like to see more of from the various developers across the region.
Inside Greater Manchester’s most EXPENSIVE house on the market with an indoor pool and supercar garage
Emily Sergeant
A new house has recently come up for sale, and it just so happens to be the most expensive house currently on the market in Greater Manchester.
So naturally, we thought we’d let you have a little look inside.
Now, before we all get carried away, it goes without saying that the vast majority of us don’t have the money to buy this house just sitting in our bank accounts right now, but if like us, you’ve got no shame in admitting you love looking at houses you can’t afford in places you’ll probably never live, then allow us to introduce you to this absolute beauty.
This is a house that’s quite literally so exclusive, the estate agents haven’t even listed where abouts it is on Rightmove.
All we know is that it’s a house in Alderley Edge – which is by far and away one of the most affluent areas in Cheshire, bordering Greater Manchester – which is currently listed for sale at an eye-watering £10.95 million, only £50,000 shy of £11 million.
Boasting nearly 13,000 sq ft of internal space, all designed bespoke by Hill House Interiors, this six-bedroom detached super luxe villa is set amongst five acres of expertly manicured private gardens that hold an orchard, pond, paddocks, stable, and even a 4G sports pitch.
Some of the stand-out features inside have to be the substantial kitchen, dining, and living room with balcony, a separate chef’s kitchen, ‘his and hers’ dressing rooms, a three-storey glazed entrance hall with floor-to-ceiling windows, and the fact that five of the bedrooms have deluxe ensuites.
If that wasn’t enough, there’s also the small matter of a cinema room, a garden room, a full ‘leisure’ suite with a stunning indoor pool, and even a luxury eight-car garage with its own bar.
This is the most expensive house currently on the market in Greater Manchester / Credit: Jackson-Stops
And to top it off, there’s a one-bedroom detached gate house on the land and planning permission exists for an additional outbuilding.
Of course, with a house this swanky, the property is set behind a secure gated entrance down a large driveway – with a sophisticated security system installed, including zoned alarm system and monitored CCTV.
This property is currently on the market with the Alderley Edge branch of national estate agents Jackson-Stops for, as mentioned, a Guide Price of a whopping £10,950,000, and if you fancy taking a closer look, then you can contact the agents to arrange a viewing.
Or you could just take the cheaper route instead and have a nosy at the Rightmove link here.
The Manc -
23rd July 2020 
