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
UK’s biggest property show is coming to Manchester and needs house hunters for new series
Emily Sergeant
Are you looking to move but finding the house hunting process a lot harder than you thought it would be?
Well, this could be the helping hand you need.
The UK’s biggest property show, Location, Location, Location – which has been a fixture in Channel 4’s schedule for more than 20 years at this point – is looking for house hunters from across Manchester for the new series.
First airing all the way back in 2000, if you’ve never seen Location, Location, Location, it’s fronted by presenters and property experts Kirstie Allsopp and Phil Spencer who head all across the UK to help buyers in search for their dream home.
Despite being on our TV screens for 26 years at this point, Kirstie and Phil have never tired in their efforts to match the nation’s hopeful house hunters with their perfect home.
For its next series being filmed this May, Channel 4 are now looking for individuals, families, and couples from Greater Manchester who need Kirstie and Phil’s expertise to find their next home.
The UK’s biggest property show is coming to Manchester and needs house hunters for its new series / Credit: James Feaver (via Unsplash)
Whether you’re upsizing, downsizing, first timer buyers, or looking for a forever home, Channel 4 wants to hear from you.
“We are casting for the new series, and we are interested in hearing from chain free (or SSTC) house hunters who would be ready to buy in May this year,” a spokesperson for Channel 4 said as the casting call was announced.
“Applications are now open and we’re looking for individuals, families and couples who need Kirstie and Phil’s expertise to buy their dream home.”
Anyone interested in appearing on Location, Location, Location can apply on the Channel 4 website here.
Applications will be received by a member of IWC Media and they will contact you directly if they wish to take your it any further.
Featured Image – Channel 4 (Supplied)
Property
Inside the regal Cheshire home for sale on one of Britain’s most expensive roads
Emily Sergeant
A stunning detached family home on one of Britain’s most expensive roads is currently on the market over in Cheshire.
In case you hadn’t heard, a recent report by The Times has revealed where you’ll find Britain’s top 20 most expensive roads for 2026, based off Rightmove data, and Congleton Road in Alderley Edge – slap bang in the middle of Cheshire’s iconic ‘Golden Triangle’ – has appeared in the top five most expensive outside of London.
So we snooped around to see what your money (… or your hypothetical money, at least) can get you on this street, and came across a regal residence currently for sale for a whopping £4.95 million.
This is Highclere – a six-bedroom detached family home occupying a private plot of over 1.3 acres and enjoying panoramic views across the adjoining Cheshire countryside.
This is Highclere – a stunning family home on one of Britain’s most expensive roads / Credit: Andrew J Nowell
Approached behind electric gates, and set back along a sweeping driveway, estate agents say Highclere has been ‘carefully and tastefully’ renovated by the current owners.
It now offers ‘spacious and versatile’ accommodation, and benefits from being within easy reach of Alderley Edge village centre and all the amenities it’s known and loved for.
Some of the stand-out features include an impressive reception hall with large sweeping staircase, open living kitchen with a large central island, large bedrooms, and a full leisure suite with a pool, jacuzzi, steam room, and showers.
There’s also a dedicated bar area, a games room, cinema room, and a gym.
Upstairs is where you’ll find what is described as the ‘unparallelled’ principal bedroom suite with two large dressing rooms, its own living area, en-suite bathroom, and a powder room, as well as four other large bedrooms.
Just as you’d expect, the outside of Highclere is as impressive as the inside.
The property is set within a private plot of over 1.3 acres enjoying panoramic views / Credit: Andrew J Nowell
Not only are there expansive terraced lawns with mature trees and shrubs and two large courtyards perfect for outdoor entertaining, but there is also a large driveway providing off-road parking for multiple vehicles and a detached double garage converted into annexe accomodation.
This property is currently on the market with Alderley Edge-based independent estate agents, Andrew J Nowell, for a Guide Price of £4.95 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.
The Manc -
14th July 2020 
