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
A look inside the ultra-modern Stockport house with ‘bespoke’ entertainment spaces on the market for £2.35m
Emily Sergeant
An ultra-modern house with ‘bespoke’ entertainment spaces and interiors designed by a renowned Art Director is currently on the market in Stockport.
And if you just so happen to be sitting on £2.35 million, then it could be yours.
Now, before we all get carried away, it goes without saying that the vast majority of us won’t have the money to buy this house just chilling in 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 detached residence is located in the highly-sought-after Stockport suburb of Bramhall – which is known and loved for its exclusivity, while still be close to a wide range of amenities, good local schools, and links to parks and nature – and is described by estate agents as being a true one-of-a-kind creation.
This ultra-modern Stockport house is currently on the market for £2.35m / Credit: Shrigley Rose & Co
Set behind private electric gates and approached via a solid granite driveway, every element in this home has been meticulously curated to ‘make an impact’.
With accommodations arranged over five floors, just some of the highlights include, but are by no means limited to, a showpiece kitchen featuring sculpted worktops, built-in bar, and an expansive island that integrates everything needed for modern living – with floor-to-ceiling sliding doors extending out onto a beautifully decked private courtyard.
The property boasts four opulent ensuite bedrooms, including a master suite with a walk-through dressing area, built-in fire and TV, and a spa-inspired bathroom with a freestanding bath.
The one-of-a-kind house has ‘bespoke’ entertainment spaces throughout / Credit: Shrigley Rose & Co
State-of-the-art entertainment spaces, like a bespoke billiard table, a high-spec multi-purpose gym a hand-crafted Sorrel Wine Cellar, and a covered outdoor terrace, fill the property, making the home the ultimate place for hosting.
When you step foot outside the house, you’ll find it’s just as impressive as it is on the inside.
There are several landscaped outdoor ‘sanctuaries’ to enjoy all year round, no matter what the weather has in store, featuring a private terrace with slatted screens, louvered roof, sculptural fire table, integrated lighting, and lush greenery.
Like what you see? This property is currently on the market with Stockport-based independent estate agents, Shrigley Rose & Co, for a Guide Price of £2.35 million, 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.
Featured Image – Shrigley Rose & Co
Property
The Council is giving Mancs £2,500 to move into a ‘more manageable’ home
Emily Sergeant
The Council is now offering financial help to support people moving into a smaller and ‘more manageable’ property.
Ever heard of ‘rightsizing? Well, according Manchester City Council it’s a process where a tenant in a larger social rent, Council, or Housing Association property, that may have more rooms than they need or perhaps are struggling to manage a big house as they get older, can be supported into a smaller property that better suits their needs.
The benefits of this process include cheaper bills, lower rents, and overall, just homes that are easier to clean and manage.
The aim of it is also to free up larger Council properties for families who are on the housing register – of which there are said to be around 20,000 of them currently at this time, with larger homes having some of the most significant wait times.
Are you struggling to look after a big Council or housing association home? We can help!
We are offering £2,500 to help people move into a smaller more manageable home, freeing up larger homes for families that need them.
It’s also estimated, according to the Council, that a third of all social rented family homes are thought to ‘underoccupied’.
This is why financial support and grants are now being offered.
Last year alone, 109 households were helped to ‘rightsize’ and were supported in the process by a dedicated team of Council officers, as well as benefitting from the Rightsizing Incentive Scheme – with a further 432 households having expressed interest doing so in the future.
Residents interested in ‘rightsizing’ could get a cash incentive of £2,500, which can be spent on anything they like, along with moving costs.
The Council is giving Mancs £2,500 to move into a ‘more manageable’ home / Credit: Benjamin Elliott (via Unsplash)
“Rightsizing could be a brilliant option for older people who are renting a Council home who may have spare rooms they don’t need or would benefit from looking after a smaller property,” explained Cllr Gavin White, who is Manchester City Council’s Executive Member for Housing and Development.
“Often a barrier to moving is the cost, but the Council will take care of the financial burden to help a resident move into a new home.
“The benefit for the city is that we can free up more larger homes for people who are waiting for a property that properly meets their needs. We think around a third of Council tenants could be under occupying their home, which means they could be paying more than they need to or they could be hit with the bedroom tax.”
The Manc -
14th July 2020 
