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.”
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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
The ‘truly distinguished’ Grade II-listed house on the market for under £1m in the Greater Manchester countryside
Emily Sergeant
A Grade II-listed detached stone residence is on the market in one of Greater Manchester’s most sought-after rural villages.
And the best bit? It’s actually currently being listed at just under the £1 million mark.
Now, despite this being a little cheaper than others properties we feature, it goes without saying that the vast majority of us won’t have this kind of money just sitting 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 is Springwood House – an exceptional Grade II-listed four-bedroom detached family home that estate agents describe as being ‘truly distinguished’.
This is Springwood House / Credit: West Riding
Nestled in the heart of Delph village – which is one of Saddleworth’s best-loved residential areas, thanks to being within easy reaching distance of a wide range of amenities, good local schools, transport links, and of course, countryside – one of the most noticeable things about this property is just how many original features there are.
We’re talking original Victorian tiles, solid oak floors, and preserved period architrave and archway, sash windows, open fireplaces in nearly every room… the list goes on.
The property is lucky to boast several spacious reception rooms, dining room spaces, a bespoke kitchen that’s been thoughtfully designed to complement the property’s heritage with a convenient utility room, and even well-kept cellars.
The ‘truly distinguished’ Grade II-listed house is on the market for under £1m / Credit: West Riding
Once you ascend the beautiful staircase, you’ll find four generously proportioned bedrooms.
Two of the bedrooms benefit from their own ensuites, three retain original fireplaces, and all enjoy sash windows, fitted wardrobes or storage cupboards, and captivating views over the surrounding countryside.
There’s also two bathrooms – one featuring a freestanding bath and separate shower, and the other offering a shower over bath with exposed beams.
It’s nestled in the picturesque Saddleworth village of Delph, with countryside surrounds / Credit: West Riding
And, of course, just as you’d expect in a picturesque neighbourhood like this one, Springwood House is just as stunning outside as it is on the inside.
Surrounded by beautifully landscaped gardens, the property offers three separate seating areas positioned to enjoy the sun throughout the day, enhanced by the relaxing sound of the nearby river and pond, all set against the backdrop of the Saddleworth countryside.
The property also boasts ample off-road parking for multiple vehicles, and a substantial garage too.
This property is currently on the market with Uppermill-based independent estate agents, West Riding, for and if you fancy taking a closer look, then you can contact the agents to arrange a viewing.
Featured Image – West Riding
Property
Renting is now cheaper than buying across much of the UK – but not in one Greater Manchester area
Emily Sergeant
New statistics have revealed that renting a property is now cheaper than buying one across much of the UK.
But in one popular Greater Manchester area, it still remains the other way around.
According to leading property platform Rightmove, which has analysed the latest price data, the average monthly rent in Great Britain is now lower than a typical new mortgage payment – with the average advertised monthly rent nationwide being £1,547 and a new mortgage on a typical home currently costing around £1,670 a month.
This means that renters, for the first time since June 2025, are coming out £123 a month better off than buyers.
Rightmove says that, to arrive at that figure, it used the current average asking price of £373,971, paired with the average two-year fixed rate of 5.35% recorded so far in April, and with calculations assuming a 20% deposit and a 30-year term.
So, what has changed then? Well, the simple answer is that mortgage rates have gone up.
Renting a home is now cheaper than buying one across much of the UK / Credit: Benjamin Elliott (via Unsplash)
The average two-year fixed rate sat at 4.24% in February, but by April, it had climbed to 5.35%, and unfortunately, that increase is enough to push a new buyer’s monthly payment above what many people are currently paying in rent.
The national picture does not tell the whole story though, however, as there are real differences from one part of the country to another, largely driven by local property prices.
As mentioned earlier, there is one popular Greater Manchester residential area where buying is still cheaper than renting overall, according to the latest data – and that is Salford.
In Salford, the average asking price of a property is £245,478 with an average monthly mortgage repayment being £1,096, whereas the average monthly rent sits at £1,323, so this means that a +£277 difference.
Rightmove property experts say Salford is helped by ‘more affordable’ property prices keeping borrowing costs ‘in check’.
“Mortgage payments have risen quite sharply in a short space of time for new buyers,” commented Rightmove property expert, Colleen Babcock.
“It will be interesting to see whether more would-be buyers turn to renting temporarily while rates remain high, particularly when monthly costs can exceed average rents and the timing of rate cuts is still unclear.”
Emily Sergeant -
14th December 2020 
