Social impact developer CAPITAL&CENTRIC – stars of BBC Two’s Manctopia – has agreed a deal with Bolton Council to redevelop the former market precinct in Farnworth town centre.
The plans will see the site transformed into a “vibrant, mixed-use community” based on the developer’s neighbourhood housing concept, and will include over 200 modern homes centred around a new public square for artisan markets, live events and more.
The plans also include a new flexible space for community uses and events, with a village hall feel, which could host vintage fairs, art galleries, and pop-up gin bars.
It will also see a linear park and spaces for café-bars, delis, a mini-cinema, gym and co-working.
Located on King Street in the heart of the town centre, the site is a short walk from the train station with easy access into Bolton and Manchester, and on the doorstep of the refurbished bus-station, making it an ideal location for commuters.
Speaking on the newly-reached deal, Tim Heatley – Co-Founder of CAPITAL&CENTRIC – said: “This is about rebooting and modernising the market town. By creating 200 new homes around the square, we’re bringing life, and spending power, back to the town centre, so it’ll have its own ecosystem.
“We’re looking to attract the region’s best artists, makers and indie operators to set up home here.
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“If you jump on a train you can be in Manchester in less than 20 minutes, so we see this rivalling the city centre with the same quality homes but affordable to more people from young professionals to downsizers.
“All surrounded by an incredible public square, plenty of trees and loads of places to hang out.”
Cllr Martyn Cox – Deputy Leader of Bolton Council – added: “It’s great to see such exciting development plans for Farnworth town centre. CAPITAL&CENTRIC have a fantastic track record of not just creating buildings but communities for people to live, work and socialise in, which is what is needed to transform Farnworth town centre and make it more vibrant, attractive for visitors and fit for the future.”
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Cllr Paul Sanders – Chair of the Farnworth Steering Group – said: “This is real progress and what we’ve been waiting for. The delivery of the key development proposals in the masterplan is vital for Farnworth and the plans proposed by CAPITAL&CENTRIC are welcomed.
“Our ambition is to rejuvenate the town centre and bring in new community facilities for our residents [and] we are looking forward to sharing the plans with Farnworthians, Kearsleyites and our partners.”
CAPITAL&CENTRIC is planning to launch a public consultation on the plans – which are being designed by architects BDP – in the new year.
This is CAPITAL&CENTRIC’s first project in Bolton, following other town centre schemes in Stockport and Rochdale being announced earlier this year, and the developer is famed for its high quality and bold designs, with a focus on creating a positive social impact.
Farnworth reached the second phase of the UK government’s Future High Streets Fund – a multi-million pound pot of cash set up to make high streets fit for the future – after the council submitted a business case in June 2020, and is waiting to hear whether the £19m bid has been successful.
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The additional funds would help in the delivery of a number of key development projects identified in the Farnworth town centre masterplan.
Farnworth is also one of Mayor of Greater Manchester Andy Burnham’s Town Centre “challenge” areas.
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You can find more information via the CAPITAL&CENTRIC website here.
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.”
Emily Sergeant -
14th December 2020 
