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.
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.
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.
“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.
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
Hundreds of new homes in Mayfield Park given green light
Daisy Jackson
The chance to live in Manchester city centre’s newest park (and one of its only green spaces) has taken a step closer, with plans for new Mayfield Park homes given the green light.
879 apartments have been approved this week, which will have ‘the ultimate front garden’.
The Mayfield district has been undergoing major changes in the last few years, including the redevelopment of Depot Mayfield (into Freight Island, plus a music venue for events like Warehouse Project) and the opening of the beautiful Mayfield Park.
And now hundreds of new one-, two-, and three-bedroom homes will be added to the area, as well as a 40% increase in the size of the park.
The plans for the first homes at Mayfield Park were met with unanimous approval by the City Council’s Planning Committee.
The residences will span across four buildings, with low-rise elements peppered in amongst the taller blocks, and will also be home to restaurants, cafes, and health and wellness facilities.
A new tree-lined road through the development will enhance walking and cycling connectivity from east Manchester into the city centre.
More than 880 jobs will be generated during the construction phase, plus 120 full-time jobs when operational.
Hundreds of new homes in Mayfield Park given green light. Credit: Assembly Studios
The proposals suggest that the apartments will contribute £2 million annually in Council Tax and a major £10 million boost to local businesses through increased spending.
The high-quality homes are designed by Studio Egret West and shedkm, designed to reflect the industrial heritage of the area, including distinctive arches.
20% of the first phase of homes are intended to be classed as affordable housing and will be prioritised for key workers in Manchester.
Henrietta Nowne, Development Director at Landsec, representing The Mayfield Partnership, said: “For the first time, Mancunians will have the ultimate back garden within the award-winning Mayfield Park.
“An opportunity like this hasn’t existed before in Manchester. Since starting on site earlier this month, there’s real momentum building as we continue to grow a green, healthy and connected district in the heart of Manchester.”
The approval marks the next chapter of the continued transformation of the Mayfield district near Piccadilly Station, led by Manchester City Council, TfGM, London Continental Railways (LCR), and Landsec.
Inside this Victorian mansion with 10 bedrooms, a swimming pool and more near Greater Manchester
Thomas Melia
There’s a million-pound Victorian-style mansion that has 10 bedrooms and its own personal swimming pool just outside of Greater Manchester.
Just like the childhood nursery rhyme, “There were three in the bed and the little one said… there’s another seven beds, roll over!” or at least that’s how they remember it in this character property.
Located in Warrington, less than an hour away from Manchester city centre, this property is a semi-detached Victorian property built in 1860, with 10 bedrooms and its own private swimming pool, all spread across four floors.
As soon as you enter the foyer, your eyes are drawn to the sleek silver chandelier before you notice the grand staircase, which feels like a piece of living history.
Inside this Victorian mansion with 10 bedrooms and a swimming pool near Greater Manchester / Credit: On The Market)
The ground floor hosts two of a whopping 10 bedrooms alongside a teal-toned farmhouse-style kitchen and that extremely impressive swimming pool with its own built-in projector.
In the kitchen, the focal point is the large wrap-around kitchen unit, which is accompanied by a variety of hanging lights and a big central island.
On the way to the swimming pool, there are a handful of lockers identical to those found in a leisure and as you enter the room, your eyes are drawn to the island-inspired feature wall.
Venture upstairs to the first floor and you’re greeted by five spacious bedrooms with one having its own en-suite while the rest share a main bathroom.
Each of these bedrooms follows a completely different design style, with the largest following a muted grey palette with pops of yellow thanks to the artwork and bed accessories.
The grand staircase and one of ten bedrooms inside this Victorian mansion near Greater Manchester / Credit: On The Market
As you go upstairs again, you’ll find (you guessed it) even more bedrooms, three to be exact, with the standout
The stand-out of this second floor is the navy-walled bedroom with a vintage vanity unit, patterned floor-to-ceiling curtains and a similarly dark-blue rug to match its four walls.
Another flight of stairs and you’ve finally reached the top of this property, and there’s an LED-lined ceiling and a neutral bedroom colour scheme of greys, whites and everything in between.
There are various amenities nearby, including three schools and three train stations… for if you get fed up of strolling around your four-floored ten-bed, swimming pool-owning mansion.
Two contrasting bedrooms found within this Victorian mansion near Greater Manchester / Credit: On The Market
We know this property may not be in the price range and might not be affordable for a lot of readers, ourselves included, but we can dream, right?
You can check out this Victorian mansion and flick through even more pictures of this property – Snooping never hurt anybody? Official site HERE.
As always, make sure to check out The Manc‘s property page to check all the other stunning structures currently on sale/in progress across Greater Manchester and in the nearby North West.
The Manc -
14th July 2020 
